GENERAL11 Sept 2026
Putin says Brics not against anyone, vows to scale up ties with India
Russia and India agreed to deepen ties during Vladimir Putin's three-day New Delhi visit for the BRICS summit, a group of major emerging economies. Both sides want annual bilateral trade to hit USD 100 billion by 2030, up from USD 65 billion now. Putin said BRICS is not against anyone. Business owners trading with Russia should track how these plans develop.
Key Statutory Highlights
- Putin said the BRICS grouping is not against anyone and that Russia is open to working with the whole world.
- India and Russia agreed to push annual bilateral trade to USD 100 billion by 2030, up from the current USD 65 billion.
- The two sides agreed to step up cooperation in defence, critical minerals, civil nuclear energy, fertiliser supplies and people-to-people exchanges.
Actionable Advice for Taxpayers / Founders:If you import from or export to Russia, keep an eye on official trade and payment updates as these pacts move ahead, and confirm any current rules with your customs broker or CA before signing new contracts.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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