 "'Not here only for energy': Putin says Russia seeks multifaceted partnership with India")
Russian President Vladimir Putin on Friday said that the Russian delegation’s visit to India goes far beyond energy cooperation, saying that the aim is to deepen multifaceted economic and strategic ties between the two countries.
#WATCH | Delhi: At the India-Russia Business Forum, Russian President Vladimir Putin says, "...the Russian delegation did not only come to discuss energy issues and sign contracts for the supplies of oil and gas. What we want is the development of our multifaceted relations with… pic.twitter.com/QwmNMezS7M
— ANI (@ANI) December 5, 2025
Addressing the India–Russia Business Forum in New Delhi, Putin said, “…the Russian delegation did not only come to discuss energy issues and sign contracts for the supplies of oil and gas. What we want is the development of our multifaceted relations with India in various fields."
He said Prime Minister Narendra Modi stressed on many occasions in private talks that India’s vast opportunities remain underutilised by both sides.
“That is precisely the reason why we convened this forum…,” he added.
“Highlighting India’s economic strength, Putin praised the country’s rapid growth and technological advancement.
“I would like to stress that under the leadership of PM Modi, India is conducting an independent and sovereign policy and at the same time achieving very good results. Today, the Indian economy is one of the fastest-growing economies in the world. Thanks to the sound economic policy and landmark initiative by PM Modi such as the Make in India programme, India is becoming technologically sovereign. India’s IT and pharmaceutical sectors take a leading position in the world,” he added.
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View AllOn trade, Putin said that Russia and India are long-time trade partners, with bilateral trade reaching $64 billion last year, reflecting an 80% increase over the past three years.
“There are vast opportunities for further increase of bilateral trade and investment. Russia and India have big consumer markets…Once again, I would like to stress that under the leadership of His Excellency Modi, India is conducting absolutely independent and sovereign policy and at the same time achieves very good results in the economic field…,” said the Russian President.
Putin added that Russian businesses are ready to expand purchases from India across a wide range of goods and services.
“I pay particular attention to deepen multi-faceted economic ties between Russia and India. Following today’s meetings, we adopted a document to develop India-Russia economic cooperation…I want to assure the businesses that Russia will support all initiatives,” he said.
The Russian president also expressed interest in India’s upcoming AI summit, saying, “Russia is interested in participating in the AI summit scheduled to take place in India in February 2026.”
With inputs from agencies
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