Russia and India are on track for exponential growth in trade turnover, with no signs of strain in the relationship despite international political tensions, according to Sberbank First Deputy Chairman Alexander Vedyakhin.
Speaking at the Eastern Economic Forum, Vedyakhin reaffirmed the target of reaching USD 100 billion in bilateral trade by 2030, stressing that growth will be driven not only by large contracts but also by thousands of small and medium-sized enterprises. He noted that government programs, incentives and subsidies will be key to unlocking this potential.
“We anticipate exponential growth in trade turnover, independent of political decisions by third countries. Russia and India possess immense potential for relationship development,” Vedyakhin said. He cited machinery manufacturing, construction materials, electronics, IT, pharmaceuticals and agribusiness as industries poised for significant expansion.
To support the business community, Sber announced the launch of the Russia Executive Business Program in collaboration with the Higher School of Economics. The first cohort, focused on Indian executives and merchants, will begin in November.
The remarks underline that, despite Western efforts to isolate Moscow and warnings from Washington, the Russia–India partnership is strengthening, supported by expanding financial and logistical infrastructure designed to facilitate bilateral trade.
Source: Sberbank press release, “Sber expecting exponential growth in trade turnover between Russia and India,” 2 September 2025.
