Breaking: Russia Announces This Major Surprise for India at St.Petersburg International Economic Forum


ST PETERSBURG: They both are strong leaders with cult-like following. But when Prime Minister Narendra Modi met Vladimir Putin he stuck a very personal cord when he recalled how the Russian President’s brother was among several family members who had laid down their lives for the country.

I am especially pleased to address you at this moment when 175 million people of EEU countries and 1.2 billion people of India are on the threshold of a new era of economic partnership. However, despite close ties, the current volume of Russia India trade is only about $8.4 billion, Secretary of Department of Industrial Policy & Promotion at India’s Ministry of Commerce & Industry Ramesh Abhishek told TASS news agency.

The Indian official said a study into creating a free trade zone started in 2015.

“A joint statement on the start of negotiations on a comprehensive agreement on a free trade area will be made very soon,” he added.

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