VLADIMIR PUTIN VISIT TO INDIA
Vladimir Putin is the second most powerful person in the world according to the Forbes magazine.
UPSC PERSPECTIVE
Above topic is essential for both prelims and mains under the topic Civil services mains general studies paper 2
Sub Topics: Bilateral, regional and global groupings and agreements involving India and /or affecting India’s interests.
IMPORTANCE
Russian President(Vladimir Putin) visits more frequently to India and this is the 3rd meeting in 2018.
India finally signed the deal to purchase s-400.
LOW KEY ANNOUNCEMENT
The deal for S-400 missile system was signed by Joint Secretary (Land Systems) from Indian Defence Ministry and Director General ROE (Rosoboronexport).
Under COMCASSA, USA has warned countries not to do any deal with Russia, whoever will do the deal with Russia, the USA will put sanction on that country.
Previously it was seen that China did deal with Russia and the USA have put sanction on China.
India has friendly relations with the USA.
The USA did not put sanctions on India after this deal.
This is a huge diplomatic victory for India.
RELIANCE OFF-SET CLAUSE?
S-400 is a NO Offset clause.
It is government to the government initiative.
LIST OF PACTS SIGNED
Space Exploration
More on Space – Along with assistance to India ‘s ambitious ‘Gaganyaan’ project, Russia has also agreed to set up data collection ground stations for India’s recently developed navigation system NaVIC.
RAILWAYS
The MoC includes the implementation of a ‘speed-upgradation project’ in the Nagpur-Secunderabad section, installation of a single traffic-control center for efficient management of rail traffic at the local level, efficient practices in freight and cargo operations, development of multi-modal terminals and a mutual exchange of the advanced technologies used by the two countries.
AGRICULTURE
The Russian Direct Investment Fund (RDIF), Indian Potash Ltd and producers of phosphate-containing fertilizers PhosAgro Friday announced joint investments in mineral fertilizer production in Russia and India.
ECONOMY
Russia and India also agreed upon encouraging the use of national currencies while engaging in bilateral trade.
Trade between Russia & India will reach $30bn by 2025
THE BIG INVITATION (significant)
Vladimir Putin invites Modi to 2019 Vladivostok Economic Forum also known as the Eastern Economic Forum.
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