India-Russia Bilateral Cooperation Developments

Visit of Russian President Vladimir Putin to India

• The visit aims to enhance bilateral ties in civil nuclear energy and defense cooperation.
• Meetings will include discussions on regional and global issues of mutual interest.

Memorandum of Understanding (MoU) on Civil Nuclear Cooperation

• The Russian Cabinet approved an MoU with India to deepen cooperation in civil nuclear energy.
• Rosatom Nuclear Corporation, involved in building reactors at Kudankulam Nuclear Power Plant, is authorized to sign the MoU.

Defense Cooperation

• Defence Minister Rajnath Singh and Russian counterpart Andrei Belousov will co-chair the 22nd India-Russia Intergovernmental Commission on Military and Military Technical Cooperation.
• The discussions will cover the multifaceted defense relations including military technical cooperation.

RT India News Channel Launch

• Russian President Putin will inaugurate the broadcasting of RT India news channel.
• The channel will focus on geopolitical news and analysis from India and South Asia.

Central Bank of Russia (CBR) in India

• CBR has opened a representative office in Mumbai to facilitate cooperation between financial market participants in Russia and India.

Sberbank's Financial Product for Indian Market

• Sber, Russia's largest lender, launched a rupee-denominated letter of credit for Indian suppliers.
• This financial product aims to reduce risks and increase the attractiveness of trade terms.