India’s Foreign Minister emphasized that the surge in trade with Russia should not be viewed as temporary, highlighting emerging economic opportunities. Despite geopolitical tensions, India maintains its close relationship with Russia and refrains from condemning Moscow’s actions in Ukraine. Trade between the two countries reached $65.7 billion in the fiscal year ending March 2024, marking a significant 33% increase. New Delhi aims to advance investment treaties and pursue a free trade agreement with the Eurasian Economic Union led by Moscow, while also exploring joint military equipment production.