India, May 13 -- Political cooperation between India and Russia has become "more valuable" in a volatile global environment, and the two sides can benefit from greater derisking and diversification, External Affairs Minister (EAM) S. Jaishankar said at a meeting with his Russian counterpart Sergey Lavrov on Wednesday.

The two leaders met in New Delhi shortly after Lavrov arrived in the capital to attend a BRICS foreign ministers' meeting to be held during May 14-15. Their discussions focused on different aspects of the bilateral strategic partnership and implementing the decisions made at last year's India-Russia summit, when the two sides agreed to step up economic cooperation and boost two-way trade to $100 billion by 2030.

Jaishankar...