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India, Russia agree on building multipolar world order

6091
By IANS Updated: May 22, 2018 11:37 pm
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Sochi: Prime Minister Narendra Modi with the Russian President Vladimir Putin, at Sochi, in Russia on Monday. PM Modi today arrived in Russia’s Black Sea coastal city Sochi for an informal summit with President Putin that will focus on pressing global and regional issues, including the impact of the US withdrawal from the Iran nuclear deal. (PTI Photo/PIB)(PTI5_21_2018_000222B)

Sochi (Russia), May 22 (IANS): India and Russia on Monday agreed on building a multipolar world order after an informal summit between Indian Prime Minister Narendra Modi and Russian President Vladimir Putin here.
“The two leaders agreed that the Special and Privileged Strategic Partnership between India and Russia is an important factor for global peace and stabilit,” the Indian External Affairs Ministry said in a statement, adding that they agreed both nations “have an important role to play in contributing to an open and equitable world order”.
According to the statement, Modi and Putin held indepth discussions on major international issues, agreeing “to intensify consultation and coordination with each other, including on the Indo-Pacific region”.
This decision assumes significance after India, along with Japan, the US, and Australia revived a quad to work for the peace and prosperity in the Indo-Pacific region.
According to the statement, Modi and Putin held detailed exchange of views on national development plans and priorities.
India and Russia also agreed to institute a Strategic Economic Dialogue between India’s NITI Aayog and Russia’s Ministry of Economic Development, to identify greater synergy in trade and investment.
“They (Modi and Putin) noted with satisfaction the expanding cooperation in the energy sector and, in this regard, welcomed the arrival of the first consignment of LNG under a long-term agreement between Gazprom and GAIL, next month,” the statement said.
“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.”
“We have been regularly holding bilateral meetings but I am grateful to President Putin for inviting me for an informal summit which has taken our relationship to a new level.”
On his part, Putin said that there is no need to explain Russian-Indian relations, since these have deep roots.
Stating that Russia and India are proactive in their foreign policy cooperation, including within international organisations such as the UN, BRICS (Brazil, Russia, India, China, South Africa) and now the Shanghai Cooperation Organisation (SCO), Putin said: “We have established close contacts and collaboration between our defence agencies. All this is indicative of the high level of strategic relations between our countries.”
Modi arrived here earlier on Monday on a nine-hour visit for the informal summit proposed by Putin soon after his re-election as Russian President.
The Indian leader’s visit comes after National Security Adviser Ajit Doval and Foreign Secretary Vijay Gokhale visited Moscow earlier this month to discuss a way out of the US sanctions on Russian firms.
The sanctions against Russian oligarchs and companies, including Rosoboronexport, the state-owned Russian weapons trading company, has raised concerns in India about a possible impact on India’s military buys from Moscow.
Putin is expected to visit India later this year for the annual bilateral summit.
The Sochi meeting came after a similar informal summit Modi held with Chinese President Xi Jinping in China last month.

6091
By IANS Updated: May 22, 2018 11:37:52 pm