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The Prime Minister of India co-chaired the Annual Summit with the President of Russia in Moscow.
- Joint statement was released after the summit.
Major Outcomes
- 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.
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