This Article is From Oct 05, 2018

Vladimir Putin Leaves For Russia As Two-Day Visit To India Concludes

India-Russia Ties: Vladimir Putin's two-day visit to India has concluded. India and Russia  reportedly inked a $5 billion deal to procure Moscow's most advanced air defence system, the S-400 Triumf

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All India Edited by

Russian President Vladimir Putin departs after his two-day visit to India.

New Delhi:

Russian President Vladimir Putin has left for Russia after  wrapping up a two-day visit to India. India and Russia  reportedly inked a $5 billion deal to procure Moscow's most advanced air defence system, the S-400 Triumf, risking US sanctions. Mr Putin arrived Thursday and was greeted by Foreign Minister Sushma Swaraj at the airport and welcomed by PM Modi at his residence.

India wants S-400 missile systems from Russia to change the strategic balance in the subcontinent. The long-range missile systems will tighten India's air-defence capabilities along the 4,000-km-long India-China border. The US could impose sanctions using the Countering America's Adversaries through Sanctions Act or CAATSA legislation, which deals primarily with countries having "significant transactions" with Russia, North Korea or Iran.

India is also planning on acquiring 4 Krivak-class frigates from Russia, two of which will be built in India, which will be a $2.5 billion deal.

Mr Putin and PM Modi are also set to discuss key regional and global issues, including US sanctions on import of Iranian crude oil. Along with the S-400 Triumf and Krivak deals, the bilateral summit will have the world leaders sign around 20 agreements.

Here are the highlights of Vladimir Putin, PM Narendra Modi's bilateral summit today:

 

Oct 05, 2018 17:44 (IST)
Interaction between young people of India and Russia, especially schoolchildren, would perhaps be the "most important addition" to the "unprecedented level" of bilateral ties and serve as a basis for a long-term cooperation, Russian President Vladimir Putin said. 
Oct 05, 2018 17:24 (IST)
Oct 05, 2018 17:10 (IST)
Russia has also been invited to set up a dedicated defence industrial park in India by PM Modi. "We are committed to building a new India. We have to do this as early as possible," PM Modi said
Oct 05, 2018 16:56 (IST)
Key points from PM Modi's address

Energy, Digital Economy, Start up sectors are our focus areas

Our IT companies can explore opportunities in Russia

We see collaboration with Russia for developing nuclear energy

We are committed to shaping a new India and we want everyone to cooperate

In terms of ease of doing business, India has climbed 42 ranks across the world

All these changes happen when ground realities are acknowledged with a futuristic vision

Reform, Perform Transform is our Mantra to bring about changes in various sectors

Oct 05, 2018 16:36 (IST)
PM Modi speaks 

India and Russia have been able to remain great friends over decades.

Ties between the two countries at a new high

Trade between the two countries has grown by 20%

To facilitate the entry of Russian firms into India, we have established 'Russia Plus'
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Oct 05, 2018 16:31 (IST)
PM Modi begins address at the summit after Vladimir Putin

Oct 05, 2018 16:30 (IST)
Russia is considering building one more nuclear power plant. As we collaborate with India, we will further strengthen our cooperation in this regard. 

We also want to boost India's business prospects with Russia. We are now trying to reach new heights when it comes to developments, growth. We also see situation is improving in the labour market, Mr Putin said

Oct 05, 2018 16:26 (IST)
Vladimir Putin addresses the India-Russia business summit

Oct 05, 2018 15:52 (IST)
Vladimir Putin also answered certain questions while interacting with students. To a question on which scientist impacted him the most, he replied, "Hard to say which scientist, book, impresses me the most. I can list all scientists starting with Plato. They have all contributed significantly. They have made unique contribution to the human kind. I value people who devote their life to science". 

Oct 05, 2018 15:32 (IST)
Prime Minister Narendra Modi and Vladimir Putin with school students in Delhi

Oct 05, 2018 15:16 (IST)
Oct 05, 2018 15:04 (IST)
"Russia values its ties with India, relationship with India is a top priority": Vladimir Putin

India and Russia have had a strong and reliable relationship. Ties between the two countries are growing at a rapid pace. We enjoy a relationship of mutual respect.

Defence ties between the two countries have grown, but so has business. Indian firms, especially in the oil and gas sector are welcome in Russia. India has massive energy demands and Russia is resource-rich. We invite oil companies to come and set up operations in Russia.

Our trade ties have grown 20 per cent year on year.

We also believe in the peaceful use of nuclear energy. Apart from Kudankulam, Russia will build over 12 reactors in India over the next 20 years.

India is also a big favourite among Russian tourists. People-to-people ties have also grown rapidly, as have ties in the education and research field.

Russia values its ties with India, and places the India relationship as a top priority.
Oct 05, 2018 15:02 (IST)
"I have informed the PM about the situation in Syria. We have also discussed the situation that came as a result of action of US to withdraw from Iran deal": Russia President Vladimir Putin
Oct 05, 2018 14:55 (IST)
Russia has committed full support to India's first manned space mission 'Gaganyaan': PM Modi
Oct 05, 2018 14:50 (IST)
"Together, India and Russia will work towards a greater regional and global peace," said Vladimir Putin
Oct 05, 2018 14:49 (IST)
India and Russia committed to cooperating in fight against terrorism: PM Modi
Oct 05, 2018 14:45 (IST)
"We have taken some important steps today which will strengthen our relationship from energy to trade technology to tiger conservation," says PM Modi.
Oct 05, 2018 14:42 (IST)

Oct 05, 2018 14:40 (IST)
"Russia has stood by India through time": PM Modi

"Russia has stood by India through time and has played a crucial role In India's growth story," says PM Modi.

Oct 05, 2018 14:40 (IST)
"Relations between our countries have gone from strength to strength": PM Modi

"In this fast changing world, our ties have grown at a fast pace...With time the relations between our countries have gone from strength to strength," PM Modi said.



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