New Delhi, Oct 5 : India and Russia on Friday inked the $5.43 billion S-400 Triumf missile deal besides eight other key pacts in various sectors. Russian President Vladimir Putin and PM Narendra Modi delivered a joint statement.
President Vladimir Putin and Prime Minister Narendra Modi held a joint press conference after the bilateral talks at Hyderabad House in New Delhi.
Deal for five Russian S-400 Triumf missile shield systems has been signed by India. Apart from deal for space cooperation signed between Russia and India, an Indian monitoring station will be built near the Russian city of Novosibirsk in Siberia.
The leaders are expected to cover a range of issues today, from reviewing security ties to economic cooperation.
India-Russia Summit Live Updates
- “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.
- India gives priority to its relations with Russia. Russia has always been a part of India’s growth story: PM Narendra Modi delivering a joint statement with Russia President Vladimir Putin in Delhi
- 8 Memorandum of Understanding ( MoUs ), including in fields of Railways, space, nuclear, exchanged between India and Russia.
- The scope of cooperation between India and Russia is all set to increase. Both the countries have also decided to avoid dollar trade. Apart from that cooperation in the railway and metro sector has also been discussed.
- The Indian Army is also interested in Russia’s T-14 Armata FRCV. The army wants to procure 1,770 multipurpose future ready combat vehicles (FRCV) to replace the aging T-72 main battle tanks (MBTs).
- The India-Russia bilateral relationship was elevated to Special and Privileged Strategic Partnership in 2010. After Japan, Russia is the only country with which India holds annual bilateral summits.
- Deal for space cooperation signed between Russia and India. An Indian monitoring station will be built near the Russian city of Novosibirsk in Siberia: Sources
- India has signed the deal for five S-400 Triumf air defence systems with Russia. S-400 Triumf (NATO reporting name: SA-21 Growler), an anti-aircraft weapon system developed by Russia’s Almaz Central Design Bureau in the 90s is an upgrade to the S-300 family. It is considered one of the most advanced air defence system in the world.
- A number of crucial energy deals are expected to be signed by the two countries during the bilateral summit, reported news agency ANI.
- India’s state-owned ONGC Videsh Limited (OVL) may also sign a pact with Gazprom, industry sources told Sputnik, according to ANI. OVL already has stakes in three operational projects in Russia.
- The outcomes of the summit will be the joint counter-terrorism exercise, Indra-2018, set to be held from November 18 to 28. Secondly, the $5 billion S-400 air defence systems deal. The two leaders will address a press conference after their talks.
- After the 19th India-Russia annual bilateral summit, the delegation level talks will take place .
- The Exchange of Agreements and Press Statements will take place at 1330hrs.
Putin will proceed to Central garden, ITC Maurya where he will interact with group of talented children
- At 1530 hrs both leaders will address India-Russia Business Summit at Kamal Mahal, ITC Maurya
- The Russian president is accompanied by a high-level delegation comprising Deputy Prime Minister Yuri Borisov, Foreign Minister Sergey Lavrov and Trade and Industry Minister Denis Manturov.
President Putin was received at the airport by External Affairs Minister Sushma Swaraj. “Welcome to India, President Putin. Looking forward to our deliberations, which will further enhance India-Russia friendship,” PM Narendra Modi tweeted.
Modi welcomed Putin with his trademark ‘bear hug’ at 7, Lok Kalyan Marg.
Vladimir Putin and Prime Minister Narendra Modi will also discuss key regional and global issues, including US sanctions on import of Iranian crude oil. Putin will also meet President Ram Nath Kovind today at Rashtrapati Bhavan.
Putin’s aide Yuri Ushakov was quoted by the Russian media as saying that Russia and India are planning to sign over 20 documents at the end of the bilateral meet, including the S-400 missile deal.