TNPSC Thervupettagam

20th India—Russia Annual Summit: Chennai- Vladivostok Route

September 5 , 2019 1908 days 892 0
  • The 20th India—Russia Annual Summit was held in Vladivostok. PM Modi also participated in the 5th Eastern Economic Forum as the Chief Guest.
  • Modi becomes the first Indian Prime Minister to visit the Russian Far East region.
  • Plans to increase bilateral trade to $30 billion by 2025 were announced.
  • A Memorandum of Intent was signed to have a full-fledged maritime route between Chennai and Vladivostok.
  • Both countries agreed that the work on promoting mutual settlements of “payments in national currencies” will be continued.

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