Russian president Vladimir Putin announced he will visit India in December during a Valdai Discussion Club session. He stated that Russia hopes to address the significant trade imbalance with India, driven mainly by India’s heavy imports of Russian oil. Currently, India exports about $5 billion to Russia while imports stand at $64 billion. Putin highlighted logistics, cross-border payments, and structural challenges as key issues, emphasizing the need to facilitate private company cooperation. The announcement signals Moscow’s strategic push to maximize trade potential and strengthen bilateral relations. Watch