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Daily Current Affairs for UPSC

22nd India-Russia Annual Summit

Syllabus - International Relations [GS Paper-2]

Context

Recently the Prime Minister of India paid an official visit to Russia for the 22nd India-Russia Annual Summit.

About

  • PM Modi was conferred Russia’s highest national award “The Order of St. Andrew the Apostle” for his contribution to fostering India-Russia ties.
  • The award was announced in 2019.
  • India will install two new consulates in the Russian cities of Kazan and Yekaterinburg.
  • Russia agreed to India’s demand to ensure early release and return to home of the Indian nationals operating in the Russian military as support staff.
  • India and Russia are working on the Eastern Maritime Corridor and the two countries are coming across each other through the Ganga-Volga dialogue.
  • The Eastern Maritime Corridor is a proposed sea path between Chennai, India, and Vladivostok, Russia, passing through the Sea of Japan, the South China Sea, and the Malacca Strait.
  • Both the Leaders agreed to set the bilateral trade target of USD 100 billion by 2030.

India- Russia Relations

  • Political Relations: A watershed moment in relations between India and the Soviet Union was the signing of the Treaty of Peace and Friendship in 1971.  
    • After the dissolution of the Soviet Union, India and Russia entered into a new Treaty of Friendship and Cooperation in 1993.
    • In 2000, at some point of the go to of President Putin to India, the partnership obtained a new qualitative man or woman, that of a Strategic Partnership. 
    • In 2010 the connection was increased to the fame of a Special and Privileged Strategic Partnership.  
  • Defense and Security Cooperation: BrahMos Missile System in addition to the certified manufacturing in India of SU-30 aircraft and T-ninety tanks are examples of such flagship cooperation.
    • Both facets concluded agreements on the supply of S-400 air defense systems, creation of frigates beneath Project 1135.6 and shareholders agreement on the formation of a joint venture to manufacture Ka-226T helicopters in India.
    • The nations also keep exchanges and education sporting activities between their armed forces annually termed INDRA.
  • Trade and Economic Relations: Both aspects revised targets of increasing bilateral investment to US $50 billion and bilateral trade to US $30 billion by 2025. However, bilateral trade reached an all-time high of $65.70 billion in FY 2023-24.
    • Since the start of the war in Ukraine, India has been buying big amounts of Russian oil at a reduction to cushion the inflationary impact of growing crude charges.
  • Intergovernmental Commissions: There is normal high-level interaction between the two international locations.
  • The IRIGC (India-Russia Intergovernmental Commission): It is the first framework that conducts affairs on the governmental level between both nations. Both countries are members of global bodies inclusive of the UN, BRICS, G20 and SCO.
  • Two Inter-Governmental Commissions: One on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC), co-chaired by way of EAM and the Russian DPM, and
    • Another on Military-Technical Cooperation (IRIGC- MTC) co-chaired through Russian and Indian Defence Ministers, meet yearly.
  • Nuclear Energy: Russia acknowledges India as a rustic with superior nuclear energy with an impeccable non-proliferation record.
    • Kudankulam Nuclear Power Plant (KKNPP) is being built in India with Russian cooperation. 

Way Ahead

  • Over the years, as India has diversified its relationships in a multi-polar global, the India-Russia dating has stagnated in some areas and atrophied in others. 
    • To further make stronger the relationship between Both the countries there is need for;
    • Providing a new basis for the present defense cooperation;
    • The opportunity for Indian commercial enterprise conglomerates to discover the monetary viability of the Siberian and Far East Region of Russia; 
    • Strengthening geo-financial connectivity initiatives;
    • Enhancing technological cooperation between India and Russia.

Source: The PIB

UPSC Mains Practice Question

Q. What is the significance of Indo-US defence deals over Indo-Russian defence deals? Discuss with reference to stability in the Indo-Pacific region. (2020)

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