Putin eyes Modi meet at SCO, hails India-Russia trade growth

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Putin eyes Modi meet at SCO, hails India-Russia trade growth

Synopsis

Russian President Vladimir Putin credited PM Modi personally for the rebound in India-Russia trade and signalled a face-to-face meeting at the SCO Summit — a notable diplomatic signal as EAM Jaishankar's Moscow visit reinforced the breadth of bilateral ties spanning energy, fertilisers, nuclear cooperation, and high-tech sectors.

Key Takeaways

Jaishankar met Russian President Vladimir Putin in Moscow on 24 August , conveying greetings from PM Narendra Modi .
Putin expressed hope to meet Modi 'very soon' at the SCO Summit and said a second meeting this year was on the cards.
Putin credited PM Modi personally for the growth in India-Russia trade turnover in 2024 after a slight dip the previous year.
Key agenda items included energy , fertiliser supplies for Indian farmers, nuclear energy , and high-tech cooperation .
Jaishankar also expressed hope that Putin would attend the BRICS Summit in India.
The visit was to co-chair the 27th Session of the IRIGC-TEC , held on 23–24 August in Moscow.

External Affairs Minister S. Jaishankar called on Russian President Vladimir Putin in Moscow on Monday, 24 August, conveying personal greetings from Prime Minister Narendra Modi. The high-level meeting underscored the sustained momentum in India-Russia bilateral ties, with Putin expressing hope to meet Modi 'very soon' on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit.

Putin's Message for Modi

According to a statement released by the Kremlin, Putin said Jaishankar's visit itself reflects the depth of the relationship the two countries have built over decades. He credited Modi personally for the uptick in bilateral trade. 'I'm pleased to note that our trade turnover has increased this year. While it declined slightly last year, it's growing this year, and this is partly, and perhaps primarily, thanks to Prime Minister [Narendra Modi], who is devoting his personal attention to developing Russian-Indian relations,' Putin said.

He added: 'I hope to see him soon, as we planned, within the framework of the Shanghai Cooperation Organisation, very soon. Our schedule is such that we will probably be able to meet again this year.'

Key Areas of Cooperation Discussed

Putin highlighted several pillars of the bilateral agenda, including energy, fertiliser supplies, nuclear energy, and high-tech sector cooperation. 'We are doing everything to address this issue for Indian farmers, for agriculture; we are increasing these supplies and are ready to do so further,' he said, referring to fertiliser exports. All these areas, he noted, are 'on the agenda, and progress is progressing quite steadily.'

Jaishankar, in turn, informed Putin that India had 'a very good report' to share on economic cooperation, nuclear energy, and fertilisers following the morning session of the intergovernmental commission. 'I'd like to note that our economic cooperation has grown significantly,' he said.

SCO Summit and BRICS on the Table

Jaishankar conveyed that PM Modi is looking forward to meeting Putin at the upcoming SCO Summit. He also expressed hope that Putin would travel to India to attend the BRICS Summit. Both summits represent key multilateral forums where the two leaders could advance the bilateral agenda beyond the confines of bilateral diplomacy.

Jaishankar described the India-Russia partnership as 'strong, robust' — language that signals continuity in ties even as India navigates its relationships with Western nations and maintains its longstanding policy of strategic autonomy.

Meeting Format and Officials Present

The meeting was attended by Russian Foreign Minister Sergei Lavrov, First Deputy Prime Minister Denis Manturov, Russian Presidential Aide Yuri Ushakov, and India's Ambassador to Russia Vinay Kumar, among other officials. Manturov heads the Russian side of the intergovernmental commission and had co-chaired its 27th Session with Jaishankar earlier on the same day.

Jaishankar's 23–24 August visit to Moscow was undertaken at the invitation of Manturov to co-chair the 27th Session of the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC). With both leaders now signalling a face-to-face meeting at the SCO, India-Russia engagement looks set to intensify through the remainder of the year.

Point of View

Which carries both opportunity and fragility. Jaishankar's simultaneous push for a Putin visit to the BRICS Summit in India reflects New Delhi's interest in keeping Russia engaged in multilateral formats even as Western pressure mounts on countries to limit ties with Moscow. India's balancing act — deepening energy and fertiliser dependence on Russia while maintaining strategic ties with the West — is increasingly visible at these bilateral moments. The real test will be whether the SCO meeting produces any concrete deliverables on the fertiliser supply chain and nuclear cooperation timelines, or remains a reaffirmation of intent.
NationPress
24 Aug 2026

Frequently Asked Questions

Why did EAM Jaishankar visit Moscow in August 2024?
Jaishankar visited Moscow on 23–24 August 2024 to co-chair the 27th Session of the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC) at the invitation of Russian First Deputy Prime Minister Denis Manturov. The visit also included a meeting with President Vladimir Putin.
When is Putin expected to meet PM Modi?
Putin indicated he hopes to meet PM Modi 'very soon' at the Shanghai Cooperation Organisation (SCO) Summit, adding that the two leaders could meet again within the same year. No specific date was announced.
What did Putin say about India-Russia trade?
Putin said India-Russia trade turnover had increased in 2024 after a slight decline the previous year, and credited PM Modi's personal attention to bilateral relations as a key driver of that growth.
Which sectors did India and Russia discuss during the meeting?
The two sides discussed cooperation in energy, fertiliser supplies for Indian agriculture, nuclear energy, and high-tech sectors. Putin said progress across all these areas was 'quite steady' and that Russia was ready to increase fertiliser supplies to India.
What is the IRIGC-TEC?
The IRIGC-TEC — India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation — is a bilateral mechanism that oversees trade, science, technology, and cultural ties between India and Russia. Its 27th Session was co-chaired by Jaishankar and Denis Manturov in Moscow on 23–24 August 2024.
Nation Press
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