Mikhail Mishustin – Artifex.News

India among Russia’s top foreign trade partners: PM Mishustin

admin — Fri, 05 Jun 2026 01:10:00 +0000

Russian President Vladimir Putin, right, and Russian Prime Minister Mikhail Mishustin arrive to attend a cabinet meeting in Moscow.
| Photo Credit: AP

India was among Russia’s top foreign trade partners as Moscow redirected its energy flows to friendly countries, Russian Prime Minister Mikhail Mishustin said on Tuesday (January 20, 2026).

Putin calls India reliable partner, hits out at Western interference

The share of friendly countries in Russia’s trade turnover has reached a historic high of 86%, with particular growth in trade with China, Belarus, India, and Kazakhstan, Mr. Mishustin said.

In the financial year 2024–25, total India-Russia trade reached an all-time high of about $68.7 billion, up sharply from roughly $13 billion in 2021, marking nearly a five – to six- fold increase over four years.

Both countries have set ambitious targets to lift bilateral trade toward $100 billion by 2030, reflecting deepening economic ties beyond energy, including sectors such as pharmaceuticals, defence, and technology.

“By 2025, the benchmark for deliveries to friendly countries has already been exceeded — a new historical record of 86 per cent can be reached. China, Belarus, India and Kazakhstan demonstrated significant growth,” Mr. Mishustin said in his televised remarks at a strategic session on the development of foreign economic activity.

Russia has redirected a significant portion of energy supplies to friendly countries, but certain segments in this sphere do not boast high flexibility and they require longer-term and costly efforts to redirect flows. “Nevertheless, despite unprecedented external pressure [Western sanctions], Russia has demonstrated a high level of efficiency in adaptation to sanctions. A sizable portion of energy resource flows was directed to friendly countries,” Mr. Mishustin said.

The share of the so-called “backbone” countries in this sphere has doubled over the last three years, to 80% in the first half of 2025, he noted.

“The weight of different countries in the global economy continues to shift. The contribution of the Global South and East, primarily the BRICS countries, is growing, while the G7’s share is declining,” Mr. Mishustin was quoted as saying by Rossiya-24 channel.

Russia continues to actively develop bilateral trade using the roubles and the national currencies of partner countries: from January to October, their share in trade turnover with all countries reached 85%, according to Mr. Mishustin.

“The transition to settlements in national currencies continues. Over the past 10 months, their share in trade turnover with all countries has reached 85%. Here, too, we’re ahead of our previously set target of 70%. And roubles account for over half of all settlement transactions,” he said.

Published – January 21, 2026 02:16 am IST

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Putin signs decree naming new Russian government, including replacement of Defence Minister

admin — Wed, 15 May 2024 09:30:09 +0000

Russian President Vladimir Putin chairs a meeting with members of the new government in Moscow, Russia May 14, 2024.
| Photo Credit: Reuters

Russian President Vladimir Putin on May 14 signed a decree appointing a new government, including replacement of the Defence Minister with a former Deputy Prime Minister who is an economics expert with no military background.

When Mr. Putin was inaugurated for a new six-year term on May 7, the government submitted its resignation in line with Russian law. Mr. Putin reappointed Mikhail Mishustin as Prime Minister three days later, which was quickly approved by the lower house of parliament.

On May 12, he signed a decree moving Sergei Shoigu from his post as Defence Minister to Head of the National Security Council. Mr. Putin also nominated Deputy Prime Minister Andrei Belousov to take Mr. Shoigu’s place.

Mr. Putin also proposed names for some Cabinet members to return to their posts and Mr. Mishustin submitted names for several new ministers, all of which were approved by the parliament.

Mr. Shoigu has been widely seen as a key figure in Mr. Putin’s decision to send Russian troops into Ukraine. Russia had expected the operation to quickly overwhelm Ukraine’s much smaller and less-equipped army and for Ukrainians to broadly welcome Russian troops.

Instead, the conflict galvanised Ukraine to mount an intense defence, dealing the Russian army humiliating blows, including the retreat from an attempt to take the capital, Kyiv, and a counteroffensive that drove Moscow’s forces out of the Kharkiv region.

Mr. Shoigu also was shadowed by the arrest last month of Deputy Defence Minister Timur Ivanov on charges of accepting huge bribes.

The decree by Putin largely retains the previous Cabinet, but names new energy, sports, transport, industry and agriculture ministers.

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Putin reappoints Mishustin as Russia’s Prime Minister

admin — Fri, 10 May 2024 07:18:03 +0000

Russian President Vladimir Putin and Prime Minister Mikhail Mishustin arrive for a meeting with members of the government in Moscow, Russia May 6, 2024.
| Photo Credit: REUTERS

Russian President Vladimir Putin has reappointed Mikhail Mishustin as Prime Minister for the lower house’s approval.

Parliament Speaker Vyacheslav Volodin said the house, the State Duma, will hold a session later Friday to consider Mr. Mishustin’s candidacy.

Mr. Mishustin’s approval is a mere proforma in the Kremlin-controlled parliament.

In line with Russian law, Mr. Mishustin, 58, who held the job for the past four years, submitted his Cabinet’s resignation on Tuesday when Mr. Putin began his fifth presidential term at a glittering Kremlin inauguration.

Mr. Mishustin’s reappointment was widely expected by political observers, who noted that Mr. Putin values his skills and the lack of political ambition. Mr. Mishustin, the former head of Russia’s tax service, has kept a low profile, steering clear of political statements and avoiding media interviews.

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