KEY OUTCOMES OF PM’S VISIT TO RUSSIA
The Indian PM visited Russia as his first destination post elections for a bilateral visit.
Multiple domains were discussed between the two leaders from trade ties to expanding diplomatic reach, and much much more.
HIGHLIGHTS OF THE VISIT
★ TRADE TIES & TRIUMPHS
- Aim to boost bilateral trade to 100 bn USD by 2030.
- Promote bilateral settlement system using national currencies.
★ EXPANDING DIPLOMATIC REACH
- India will open two new consulates in Russia in Kazan &
★ CHARTING NEW CONNECTIVITY
- Implementing the Chennai Vladivostok (Eastern) Maritime Corridor & International North South Trade Corridor.
- Cooperation in developing shipping between Russia & India via North Sea Route.
★ STRENGTHENING DEFENCE CAPABILITIES
- Joint manufacturing of spare parts & components in India of Russian defence equipments under ‘Make in India’
- Transfer Technology & joint ventures to boost local production capabilities.
★ COUNTERING TERRORISM
- Both nations called for zero tolerance for terrorism.
- Multilateral cooperation against organised crime, terrorist financing & drug trafficking.
- Agreed on peaceful resolution of Ukraine conflict through dialogue.
★ COLLABORATION FOR A GREENER PLANET
- MoU to foster collaboration on Climate Change & Low Carbon Development.
- Joint Research for sustainable Low-Cost Technologies.
★ THE GEOSPATIAL ENERGY
- MoU to exchange knowledge & experience in Geodesy, Cartography & Spatial Data infrastructure.
- Cooperation between scientific & Educational Institutes.
★ UNITING FOR POLAR RESEARCH & LOGISTICS
- MoU to share resources & data for studying Polar Environments & their variability.
- Collaborative logistics, joint research, personnel exchanges & participation in international Polar Programs.
★ BROADCASTING TOGETHER
Collaboration on broadcasting between india’s Prasar Bharati & Russia’s ANO “TV- Novosti” (Russia Today TV Channel_
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