India, Russia will look to balance trade
India and Russia sought to rebalance trade, which heavily favored Moscow, by discussing bilateral payment mechanisms and reducing barriers for Indian products like pharmaceuticals and meat. Despite a surge in trade during the Ukraine conflict, India's exports remained low. Officials noted a decrease in rupee trade volume due to reduced defense imports and used funds for settling Indian shipments.
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India and Russia sought to rebalance trade, which heavily favored Moscow, by discussing bilateral payment mechanisms and reducing barriers for Indian products like pharmaceuticals and meat. Despite a surge in trade during the Ukraine conflict, India's exports remained low. Officials noted a decrease in rupee trade volume due to reduced defense imports and used funds for settling Indian shipments. 
