Modi, Putin to hold informal summit in Russian Federation

Modi, Putin to hold informal summit in Russian Federation

Modi, Putin to hold informal summit in Russian Federation

"Both leaders will also discuss their respective national developmental priorities and bilateral matters", the ministry of external affairs said in a statement on Monday.

Russian Federation is also said to be upset with India since New Delhi has in recent years diversified its defence purchases rather than remaining dependent on Moscow. Since the beginning of 2018, they have had several phone conversations.

The informal summit is significant given the upcoming USA sanctions not just against Russian Federation under the Countering America's Adversaries through Sanctions Act, but also Iran following President Donald Trump's withdrawal from the nuclear accord with Tehran. By the end of 2017, India was Russia's 17th major trade partner, accounting for 1.6% of the entire trade turnover.

According to New Indian Express, the world leaders will also be interacting at the BRICS summit in South Africa followed by the G-20 summit in Argentina.

An External Affairs Ministry release said Modi's visit to Russian Federation will be an important occasion for him and Putin to exchange views on worldwide matters in a broad and long-term perspective in order to further strengthen the special and privileged strategic partnership.

Prime Minister Narendra Modi will become the first head of state to travel to Russian Federation since President Vladimir Putin took the oath of office for a fourth term last week.

Russia's new weapons, including an array of new nuclear systems, will ensure the country's security for decades to come, President Vladimir Putin said Tuesday at a meeting with top military brass. The talking points included the Afghan and West Asian situation.

India is understood to have conveyed to Moscow its strong support given the current geopolitical situation. There would be enough photo-ops where both leaders would be seen in informal settings to discuss "global", "regional" and "bilateral" issues with no constraint of time or schedules.

"Our foreign policy coordination is making steady progress as part of regular bilateral contacts between the relevant agencies, as well as in the context of our partnership promotion in multilateral formats".

Meanwhile, a fortnight after the Modi-Xi meeting, the Industrial and Commercial Bank of China has launched the first India-dedicated publicly offered investment fund, urging the Chinese to invest heavily, stating that the Indian economy is entering the "golden age of economic take-off".

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