India and the Eurasian Economic Union (EAEU) are currently in discussions regarding a 'limited and temporary' trade arrangement that would cover specific groups of goods. This initiative is part of ongoing negotiations for a more comprehensive free trade agreement. Maxim Reshetnikov, Russia's Economic Development Minister, characterized the negotiations as 'complex', noting the ambitious requests from the Indian side. Russian President Vladimir Putin emphasized the increasing momentum of trade liberalization discussions with India during a meeting in Astana, Kazakhstan. The EAEU, which consists of five member states—Russia, Belarus, Kazakhstan, Kyrgyzstan, and Armenia—was established in 2015 to enhance economic cooperation among its members. The formal negotiations for a free trade agreement between India and the EAEU began following the signing of the Terms of Reference in August 2025. As of 2024, bilateral trade turnover between India and the EAEU reached $69 billion, marking a 7% increase from the previous year, indicating a growing economic relationship between the two parties.