Sberbank Strengthens Russia-India Economic Ties: Boosting Trade and Labor Migration Ahead of Putin's Visit

Dec 04, 2025 09:35 am CST

Russia's largest bank Sberbank is actively enhancing industrial imports and labor migration from India as President Putin prepares for his first visit to New Delhi in four years. The bank is facilitating national currency transactions between the two countries, helping over 6,000 Indian firms enter the Russian market, and addressing Russia's projected workforce shortage of 3 million by 2030 through skilled Indian labor recruitment.