25th June 2012
India and Russia have a target to escalate their bilateral trade to $ 20 billion by 2015.
The two countries will try to double their trade from $9 billion in five years.
India stressed on the need for diversifying trade basket by allowing in more value added products to enhance two-way trade as the current list of trade is dominated by commodities with large imports of iron, steel, fertilizers and oil from Russia
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