Indian Prime Minister Narendra Modi held his first informal Summit with Russian President Vladimir Putin on May 21, 2018 in the city of Sochi, Russia.
The Summit provided an opportunity for both the leaders to deepen their friendship and to exchange views on international and regional issues, in keeping with the tradition of high level political exchanges between India and Russia.
• During the high-level delegation meet, the two leaders agreed that the Special and Privileged Strategic Partnership between India and Russia is an important factor for global peace and stability.
• They shared the view that India and Russia have an important role to play in contributing to an open and equitable world order and recognised each other’s respective roles as major powers with common responsibilities for maintaining global peace and stability.
• The leaders also held in depth discussions on major international issues and agreed on the importance of building a multipolar world order.
• The leaders decided to intensify consultation and coordination with each other, including on the Indo-Pacific Region.
• They also agreed to continue working together through multilateral organisations such as the United Nations, SCO, BRICS and G-20.
Trade, Energy & Military
• The two leaders agreed to institute a Strategic Economic Dialogue between NITI Aayog of India and the Ministry of Economic Development of the Russian Federation to identify greater synergy in trade and investment.
• They noted with satisfaction the expanding cooperation in the energy sector and also welcomed the arrival of the first consignment of LNG under a long-term agreement between Gazprom and GAIL, next month.
• The two leaders also reiterated the significance of longstanding partnership in the military, security and nuclear energy fields and welcomed the ongoing cooperation in these areas.
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Besides, the two leaders also held detailed exchange of views on the national development plans and priorities. They expressed satisfaction over the deep trust, mutual respect and goodwill that have formed the firm foundation of India and Russia relations. They also welcomed the idea of holding informal Summits as an additional engagement at leadership level, besides the annual Summits between the two leaders.
The informal summit has given a boost to the positive momentum that was established by the two nations in the last bilateral Summit in St Petersburg in June 2017 and the same will be carried on to the forthcoming Summit in India. Prime Minister Modi has invited President Putin for the 19th Annual Summit in India later in 2018.
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