|
This article has been assessed not ready for publication.Please see the review comments on the collaboration page. When these things have been done, and the article is ready to be reviewed and fact-checked, Submit for review?Template:Assistant:Submit/formSubmit for review by changing the |
| This article has been assessed not ready for publication.
Please see the review comments on the collaboration page. When these things have been done, and the article is ready to be reviewed and fact-checked, Submit for review?Template:Assistant:Submit/formSubmit for review by changing the |
Tuesday, December 7, 2021
On Monday, the Russian President, Vladimir Putin visited India in an official visit as a part of the 21st India-Russia Annual Summit. Major trade and arms deals were signed between the two countries. Apart from the leaders meeting, numerous Russian state and private companies such as Rosneft, Kalashnikov Concern and Central Bank of Russia signed agreements facilitating trade and security. This year’s India-Russia Annual Summit was held in India.
Putin visited with the defence and foreign ministers of Russia who held a “2+2” meeting with their Indian counterparts. Both the countries signed a deal reinforcing their military ties till 2031 and a pledge to boost the annual trade between the countries to USD30 billion by 2025. A joint statement published by the Russian and Indian Governments after the talks stated, it “reiterated their intention to strengthen defence cooperation, including in the joint development of production of military equipment.” The Russian arms manufacturer, Kalashnikov announced India is to produce more than 600 thousand AK-203 assault rifles as a result of the signed arms deal. The talk also facilitated the delivery of the S-400 missile system.
The leaders emphasised new factors of growth for a mutually sustained economic development and discussed about regional and global developments, including the post-pandemic global economic recovery, and the situation in Afghanistan. India’s Foreign Secretary Harsh Vardhan Shringla said both countries signed 28 investment deals which included major economic activities such as shipbuilding, coal mining and energy. An Indian consular office is also being established in the Russian city of Vladivostok. Apart from these, many more agreements were signed which included branches such as space, banking, petroleum and cyber security.
“Last year, the trade between both the countries had decreased by more than 17% but grew by more than 38% in the first nine months of 2021”, Putin said. Both the leaders talked about the situation in Afghanistan stating, “the developments in Afghanistan are of course a matter of serious concern for us.”