Major Outcomes of 22nd India-Russia Annual Summit
The Prime Minister of India co-chaired the Annual Summit with the President of Russia in Moscow. Major Outcomes of 22nd India-Russia Annual Summit are mentioned below.
Major Outcomes of 22nd India-Russia Annual Summit
- Trade and Economic partnership:
- Set the bilateral trade target of USD 100 billion by 2030.
- Promote bilateral settlement system using national currencies.
- Expanding energy cooperation across nuclear, oil, and petrochemical sectors, including infrastructure and technology.
- Transport and Connectivity: Increase of cargo turnover with India by implementing projects like North-South International Transport Corridor, the Northern Sea Route and the Chennai-Vladivostok Eastern Maritime Corridor.
- Comprehensive reform of the UNSC: To reflect contemporary global realities and to make it more representative, effective and efficient.
- Counter Terrorism: Demanded for expeditious finalization and adoption of the Comprehensive Convention on International Terrorism in the UN framework.
- Also implementation of the UNGA and the UNSC resolutions on countering terrorism and violent extremism, conducive to terrorism.
- On Ukraine: Peaceful resolution of the conflict around Ukraine through dialogue and diplomacy including engagement between both parties.
- Military cooperation: agreed to encourage joint manufacturing in India of spare parts, components, aggregates and other products for maintenance of Russian origin arms and defence equipment under Make-in-India program.
Also read: 3 Key Features of Zorawar tank
Related News
Order of Saint Andrew the Apostle
- Prime Minister of India awarded Russia’s highest civilian honour, the Order of Saint Andrew the Apostle.
- The award was announced in 2019, for “exceptional services in promoting special & privileged strategic partnership between Russia and India and friendly relations between the Russian and Indian peoples”.
- Established in 1698, It is awarded for the most outstanding civilian or military merit.