Russian President Putin Lauds PM Modi's Unyielding Leadership and India-Russia Ties"
In a recent statement at the 14th VTB Investment Forum Russia Calling, Russian President Vladimir Putin commended Indian Prime Minister Narendra Modi, praising his unwavering commitment to national interests. Putin emphasized that PM Modi cannot be intimidated or coerced into making decisions contrary to India's
Putin expressed admiration for Modi's strong stance in safeguarding India's national interests, highlighting the Prime Minister's resolute posture during the forum. The Russian President's Office quoted Putin, stating, "I cannot imagine that Modi could be intimidated, or forced to take any actions, steps and decisions that are contrary to the national interests of India and the Indian people."
The Russian leader underscored the flourishing bilateral ties between the two nations, noting that relations have been developing progressively in all spheres. Putin went on to assert that PM Modi's policy serves as the primary guarantor of the robust relationship between Russia and India.
Discussing the potential for expanding bilateral trade, Putin acknowledged the positive trajectory of economic collaboration. He mentioned that the trade turnover between Russia and India reached $35 billion last year, with significant growth anticipated. Putin acknowledged India's benefits from discounts on Russian energy resources and encouraged further exploration of opportunities beyond energy trade.
Putin compared the economic standings of India and Russia on the global stage, pointing out their positions as the third and fifth-largest economies by purchasing power parity, respectively. He expressed the need to boost trade between the two nations, drawing attention to India's significant economic potential.
Touching upon diplomatic relations, Putin indicated his intention to discuss the North-South Corridor with Iranian President Ebrahim Raisi, noting India's interest in operationalizing such routes. He emphasized the importance of developing the Northern Sea Route as a promising logistics direction.
The Russian President urged the development of financial infrastructure and the use of national currencies in mutual settlements, highlighting the necessity of increased attention to investments and investment flows.
In summary, Putin's commendation of PM Modi's leadership and the growing ties between Russia and India at the VTB Investment Forum underscores the strength of the diplomatic and economic relationship between the two nations. The Russian President's positive remarks bode well for the continued collaboration and shared interests of India and Russia on the global stage.
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