Putin In India Day 2 LIVE: PM Modi-Russian Prez Handshake Sets Tone; Ceremonial Welcome At 11 AM, Key Bilateral Talks Ahead

Putin In India Day 2 LIVE: Yaroslav Lissovolik, founder of BRICS+ Analytics and RIAC member, said the India-Russia relationship is progressing positively, reflected in trade figures and the summit’s atmosphere. He called it a cordial partnership with a long history of economic cooperation and said the current summit could mark a milestone in deepening ties, benefiting not only the two countries but also the Global South and BRICS economies.

Putin In India Day 2 LIVE: From Soviet missile boats that struck Karachi in 1971 to nuclear submarines that trained generations of Indian crews, Russia has played a pivotal role in building and strengthening the Indian Navy over the past six decades.

Putin In India Day 2 LIVE: Rosatom announced that the first fuel for Kudankulam Nuclear Power Plant Phase 2 has been delivered. Seven flights will transport the full core and reserve fuel for Units 3 and 4, the first VVER-1000 reactors designed to operate on an 18-month fuel cycle.

Putin In India Day 2 LIVE: Putin’s aide Maxim Oreshkin told Sputnik India that new transport routes will make it easier for Indian and Russian companies to access each other’s markets, facilitating trade and business cooperation.

Putin In India Day 2 LIVE:  Government sources said President Putin’s visit, accompanied by a large business delegation, is set to strengthen economic cooperation and help reduce India’s trade deficit with Russia. Multiple avenues are being explored to increase Indian exports in pharmaceuticals, automobiles, agriculture, and marine products. Several agreements and MoUs are expected in shipping, healthcare, fertilisers, and connectivity. The visit will also enhance people-to-people ties, mobility partnerships, cultural exchanges, and scientific collaboration, while providing a bigger market for Indian businesses and boosting job creation and farmers’ well-being.

Putin In India Day 2 LIVE: The Sberbank CEO said over the past six months, India and Russia have signed more than 10 major contracts for industrial exports. He added that if these deals succeed, 2026 could see an increase in non-traditional imports from India to Russia.

Putin In India Day 2 LIVE: The CEO of Sberbank said India and Russia no longer need a third currency as a reference for INR–Ruble transactions. Over 80% of payments are now settled in under 10 minutes, compared to several weeks in the past, highlighting faster and more efficient bilateral trade.

Putin In India Day 2 LIVE:  Yaroslav Lissovolik, founder of BRICS+ Analytics and member of the Russian International Affairs Council (RIAC), said the focus should be on expanding trade between BRICS nations rather than creating a single currency. He noted that Russia and other BRICS economies are open to using national currencies for transactions, with development institutions like the New Development Bank facilitating this. Lissovolik added that India, as BRICS chair in 2026, could advance this agenda, exploring initiatives such as Russia’s 2024 proposal for transnational settlements in national currencies.

Putin In India Day 2 LIVE: Flex boards and Russian national flags have been displayed outside ITC Maurya to welcome President Vladimir Putin, who is on a state visit for the 23rd India-Russia Annual Summit. During the visit, he will hold talks with PM Modi, and President Droupadi Murmu will receive him and host a banquet in his honour.

Putin In India Day 2 LIVE: Union Minister Piyush Goyal said India and Russia had aimed for USD 30 billion in bilateral trade by 2025, but the figure has already doubled. He highlighted the growing economic partnership and the untapped potential for further expansion across multiple sectors.

Putin In India Day 2 LIVE: Russian President Vladimir Putin said India–Russia cooperation is not aimed against any nation, including the United States. Speaking ahead of his India visit, Putin responded to questions on global reactions to the partnership and said every country, including the US, pursues its own economic policies. He noted that Russia does not follow tariff-driven practices and remains committed to open trade aligned with World Trade Organisation principles.

Putin In India Day 2 LIVE: Speaking at the India-Russia Business Forum in New Delhi, Union Minister Piyush Goyal said Russia has always stood by India in both “good and difficult times”. He noted that bilateral trade is nearing USD 70 billion but remains below potential, with India’s share in Russian imports still under 2 per cent. Goyal said both sides aim to push trade beyond USD 100 billion by 2030, with strong prospects in sectors such as pharmaceuticals, agriculture, electronics, telecom, and skilled talent exchange. The forum, themed “Sell to Russia”, focused on boosting Indian exports and creating more balanced two-way trade.

Putin In India Day 2 LIVE: Alexander Stuglev, CEO and Chairman of the Roscongress Foundation, which hosts the India–Russia Business Forum, said the forum is held annually to track progress, address challenges and strengthen business cooperation. He noted that sector-specific and major economic events are also organised in Russia and invited Indian businesses to participate, assuring support in finding reliable partners and expanding commercial opportunities.

Putin In India Day 2 LIVE: As the Russian Education Agency - a joint venture of Synergy Corporation and Innopraktika India - opens its New Delhi office, Synergy President Vadim Lobov said the launch marks an important moment in bilateral ties. He expressed confidence that the collaboration will strengthen educational exchanges and create new opportunities for Indian students studying in Russia. Lobov added that the agency will offer guidance on universities, career opportunities and skill development, acting as a bridge between both countries.

Putin In India Day 2 LIVE: After dinner, PM Modi presented Putin with a Russian-language edition of the Bhagavad Gita, noting that its teachings inspire millions around the world — a symbolic gesture underlining cultural ties between India and Russia.