St. Petersburg, June 5 -- Russian President Vladimir Putin has expressed confidence that bilateral trade between India and Russia will reach USD 100 billion in the coming years, citing strong cooperation in energy, investments and other strategic sectors.

Speaking at the St. Petersburg International Economic Forum, Putin said the two countries have the necessary foundations to significantly expand economic engagement and achieve more ambitious trade goals.

"We hope that in the upcoming years we will reach 100 billion US dollars in mutual trade. It's about 58 or 60 billion US dollars, but we have all the foundations to work more actively and to reach more ambitious goals," Putin said.

The Russian President highlighted the growing econom...