Putin Backs India Trade Links, Offers Funds for North-South Corridor
What Happened
Russian President Vladimir Putin expressed strong support for expanding trade ties with India, highlighting “very big potential” in bilateral cooperation. Speaking at a forum in Moscow, Putin backed the joint use of global trade corridors and said Russia is ready to provide funding for projects under the International North-South Transport Corridor (INSTC). The corridor, linking India with Russia via Iran and Central Asia, is seen as a strategic route to boost connectivity and reduce dependence on Western-controlled trade channels.
Key Takeaways
Putin’s remarks reinforce Russia’s push to deepen economic ties with India, positioning the INSTC as a key alternative trade route. The offer of funding signals Moscow’s intent to accelerate infrastructure and logistics cooperation.