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Putin and Modi vow stronger ties as BRICS expands cooperation
Russian President Vladimir Putin and Indian Prime Minister Narendra Modi met in New Delhi.
They agreed to make cooperation between Russia and India stronger.
They want to increase yearly trade from $65 billion to $100 billion by 2030.
They discussed energy, defence, technology, critical minerals, nuclear power and fertilizers.
Modi said Indian sailors need to be protected in the Black Sea.
He also said India supports talks and peace efforts to end the Ukraine conflict.
Putin said BRICS is not meant to oppose anyone and is open to working with the whole world.
Putin also criticized Western sanctions and suggested more BRICS investment and infrastructure projects.
Modi accepted an invitation to visit Russia for the next annual summit.
Vladimir Putin said BRICS is not directed against any country and remains open to cooperation with the wider world.
India and Russia agreed to strengthen their Special and Privileged Strategic Partnership and target $100 billion in annual bilateral trade by 2030.
Narendra Modi raised the safety of Indian seafarers in the Black Sea and reaffirmed India’s support for peace efforts to end the Ukraine conflict.
Putin proposed expanded cooperation in infrastructure, logistics, technology, artificial intelligence, finance, tourism and industry, while criticizing Western economic restrictions.
Modi accepted Putin’s invitation to Russia for the 24th India-Russia Annual Summit, with dates to be set through diplomatic channels.
- Who
- Russian President Vladimir Putin and Indian Prime Minister Narendra Modi, along with BRICS business leaders.
- What
- Putin and Modi agreed to deepen India-Russia cooperation while discussing BRICS expansion, trade, maritime safety and peace efforts concerning Ukraine.
- Where
- New Delhi, including the Bharat Mandapam exhibition venue.
- When
- Friday, September 11; Putin was on a three-day visit to New Delhi.
- Why
- To strengthen bilateral ties, expand trade and economic cooperation, address the safety of Indian seafarers, and discuss regional and global issues.
India’s diplomatic and security priorities
Russia’s BRICS and economic priorities
Ukraine conflict and peace efforts
India’s diplomatic and security priorities
India said dialogue and diplomacy are the way forward and reaffirmed its readiness to support peace initiatives to end the Ukraine conflict.
Russia’s BRICS and economic priorities
Putin focused on expanding cooperation and criticized Western restrictions, while the talks included the conflict’s effects on maritime trade and seafarer safety.
Role of BRICS
India’s diplomatic and security priorities
India emphasized secure sea lanes, open supply routes and the safety of seafarers as conditions for global trade.
Russia’s BRICS and economic priorities
Putin said BRICS advances members’ national interests without targeting anyone and remains open to cooperation with the wider world.
Economic cooperation
India’s diplomatic and security priorities
India prioritized stronger bilateral trade and cooperation in infrastructure, energy, technology, defence and culture.
Russia’s BRICS and economic priorities
Russia advocated BRICS infrastructure, logistics and investment projects, including transport corridors and a New Development Bank-based investment mechanism.
Key facts
- Bilateral trade target
- India and Russia aim to raise annual trade to USD 100 billion by 2030, from USD 65 billion.
- Strategic partnership
- The two countries agreed to strengthen their Special and Privileged Strategic Partnership.
- Seafarer safety
- Modi raised the safety of Indian seafarers affected by hostilities in the Black Sea; five Indian seafarers had died, according to the report.
- Peace position
- India reiterated that dialogue and diplomacy should resolve conflicts and said it was ready to support peace efforts.
- BRICS position
- Putin said BRICS was not against anyone and was open to cooperation with the wider world.
- Investment proposal
- Putin proposed using the New Development Bank as a basis for a broader investment platform to mobilize private-sector funding.
- Next summit
- Modi accepted Putin’s invitation to Russia for the 24th India-Russia Annual Summit.
Quotes
Vladimir Putin
President of Russia
“That is why India is a staunch supporter of freedom of navigation and the safety of seafarers”
theprint.in
“We are open to working with the whole world”
theprint.in
Sources
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