India-Russia Signs 8 MoUs/Agreements at Annual Bilateral Summit

  • Indian Prime Minister Shri Narendra Modi and President of the Russia Mr. Vladimir V. Putin met for the 19th edition of the Annual Bilateral Summit in New Delhi on October 4-5, 2018.
  • The Summit concluded with the signing of 8 major Agreements and MoUs between the two nations.
  • Russia also signed signed the USD 5 billion air defence system deal for the supply of the S-400 Long Range Surface-to-Air Missile System to India.
  • The list of MoUs and Agreements is as follows:
    1. Protocol for Consultations between the Ministry of Foreign Affairs and MEA for the period 2019-2023
    2. MoU between the Ministry of Economic Development of the Russian Federation and the National Institution for Transforming India (NITI Aayog)
    3. MoU between Indian Space Research Organization (ISRO) and the Federal Space Agency of Russia ‘ROSCOSMOS’ on Joint Activities in the field of Human Spaceflight Programme
    4. Memorandum of Cooperation between the Indian and Russian Railways
    5. Action Plan for Prioritization and Implementation of Cooperation Areas in the Nuclear Field
    6. MoU between the Russian Ministry of Transport and Indian Railways in the Development Cooperation in Transport Education
    7. MoU between the National Small Industries Corporation (NSIC), of India and the Russian Small and Medium Business Corporation (RSMB), on Cooperation in the field of Micro, Small and Medium Enterprises
    8. Cooperation Agreement in the Fertilizers Sector between the Russian Direct Investment Fund” (“RDIF”); PJSC Phosagro (PhosAgro) and Indian Potash Limited (IPL).

Points to Remember:

  1. How many agreements have been signed between India and Russia?

Leave a Comment

Your email address will not be published. Required fields are marked *