India and Russia Seek to Increase Trade to $100 Billion as US Ties Fray

India and Russia are looking to increase their annual trade by about 50% over the next five years to reach $100 billion, seeking to reduce tariffs as both countries see mounting tensions with the US, a top envoy said.

Indian External Affairs Minister Subrahmanyam Jaishankar said Wednesday during a visit to Moscow that the two countries must remove trade bottlenecks and reduce non-tariff barriers to reach the goal. Russia is India's fourth-largest trading partner, while India is Russia's second-largest.