A New Era of Partnership: India, Russia sign 15 agreements

Marking the beginning of a new era of bilateral relationships, India and Russia today signed 15 agreements in various areas. The agreements were signed as Prime Minister Modi visited Russia during the 20th annual summit in Vladivostok today.

The agreements were exchanged in the presence of Prime Minister Narendra Modi and Russian President Vladimir Putin after the restricted and delegation-level talks. The agreements include four in the area of oil and gas, LNG and coking coal, five in trade and investments, two in infrastructure and one each in defence and audiovisual production.

In a joint statement, both leaders expressed satisfaction over the outcome of summit-level talks and affirmed that they are resolved to expand the bilateral relations to new areas of cooperation.

Prime Minister Modi on the occasion described Russia as a reliable partner and special friend. The Prime Minister said the relations between the two countries are not only quantitative but also qualitative. Russian President said the relations between the two countries are unique and mutually beneficial.

Mr Putin said Russia welcomes the intent of the Indian Side to expand its economic and investment presence in the Far Eastern region and Siberia. He expressed readiness to participate in major infrastructural and other projects in India.

Addressing media persons, Foreign Secretary Vijay Gokhale said, the four agreements signed in the field of energy will be a breakthrough in the bilateral relations. He said both countries decided to promote mutual settlements of payments in national currencies. They also discussed manpower export from India in view of the dearth of labour in the Far East of the Russian region.

Russian President invited the Prime Minister to attend the 75th Victory Day to celebrate the victory of the USSR in the second world war, to be held in Moscow in May next year.


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