India-Russia Pact: Economic Harmony Amidst Geopolitical Tensions

India and Russia have reinforced their economic and trade relations by agreeing on a five-year plan despite international tensions. During their summit, Modi and Putin discussed mutual cooperation, underscored peace efforts in Ukraine, and focused on expanding ties in energy, trade, and cultural exchanges amid global geopolitical challenges.

India and Russia have cemented a five-year plan to strengthen economic and trade relations, countering Washington's sanctions regime. Prime Minister Narendra Modi communicated to President Vladimir Putin the necessity for a peaceful resolution in Ukraine during their high-profile summit.

Modi praised the historic India-Russia friendship, describing it as steadfast through geopolitical upheaval, while both leaders reiterated their commitment to elevating economic collaboration. The agreements reached include expanding cooperation in health, mobility, food safety, and cultural exchanges.

President Putin highlighted Russia as a reliable energy supplier and expressed intent to increase India's market access, enhance bilateral trade to $100 billion, and collaborate on nuclear energy projects. The summit underscored India's call for peace in Ukraine and highlighted ongoing cooperation against terrorism.

(With inputs from agencies.)