India-Russia Summit Highlights: Russian President Vladimir Putin concludes trip, leaves for Russia

India signed a $5 billion deal for the Russian S-400 Triumf missile shield systems in a key pact at the summit talks between Prime Minister Narendra Modi and President Vladimir Putin, officials said.The two countries also signed eight pacts in the fields of space, nuclear energy, railways after talks between the two leaders. Modi and Putin had met on Thursday evening for a one-on-one meeting after the Russian president’s arrival in New Delhi. PM Modi hosted a private dinner for the visiting dignitary. Here are the highlights of the India-Russia summit:

5:40 pm IST

Vladimir Putin leaves for Russia

President Vladimir Putin concludes India trip, embarks on plane to Russia.

5:22 pm IST

Vladimir Putin meets President Ram Nath Kovind

5:05 pm IST

US reacts to India-Russia air defence system deal

US sanctions aimed to punish Russia, not to damage military capabilities of our allies: US embassy after S-400 deal.

4:41 pm IST

India-Russia trade rises 20 % in 2017-18: PM Modi

India-Russia trade rises 20 % in 2017-18, says PM Modi.

We want Russia to open a dedicated defence industrial park, says PM Modi.

4:25 pm IST

India, Russia agree to develop six nuclear power plant projects

India and Russia signed a pact on Friday to develop six nuclear power projects in India, following summit talks between their leaders in New Delhi.

Russian President Vladimir Putin and Indian Prime Minister Narendra Modi also agreed to cooperate on India’s plan for a manned space mission.

3:41pm IST

Russia, India announce S-400 air defence system deal

India announced the multi-billion-dollar purchase of Russia’s S-400 air defence system.

“The sides welcomed the conclusion of the contract for the supply of the S-400 long-range surface-to-air missile system to India,” a joint Indian-Russian statement said.

2: 53pm IST

Putin invites Modi as chief guest for next Vladivostok Forum

It is my great pleasure to once again invite Prime Minister to participate in the next Vladivostok Forum as the main guest: President Putin

“I have informed the PM about the situation in Syria. We have also discussed the situation that came as a result of action of US to withdraw from Iran deal,” Putin said.

2:49pm IST

Will support initiatives in areas of economy and finance: Putin

PM Modi and I will speak at the India-Russia Business Summit and support initiatives in the areas of economy and finance: President Putin.

2:43pm IST

Russia has always been a part of India’s growth story: PM Modi

India gives priority to its relations with Russia. Russia has always been a part of India’s growth story: PM Modi

“Our countries have mutual benefits in supporting struggle against terrorism, Afghanistan and Indo-Pacific events, climate change; organisations like SCO, BRICS, G20 & ASEAN. We have agreed to continue cooperation to these international organisations,” Modi said.

2:41pm IST

PM Modi India and Russia’s areas of cooperation

India and Russia’s cooperation range from human resource development, trade and investment to technology.

2:38pm IST

PM Modi’s statement

I welcome President Putin and his delegation. India has undivided relations with Russia: PM Modi

2:35pm IST

India and Russia exchange MoUs

India and Russia exchange Memorandums of Understanding in the fields of space, nuclear energy, railways, among others. Eight agreements have been signed between the two countries.

1:38pm IST

Prasad asks Russia to leverage massive potential of India’s digital economy

India invited Russia to leverage the potential of its booming digital economy, with IT Minister Ravi Shankar Prasad saying that collaboration in areas like Artificial Intelligence (AI) and e-health would spur technology momentum of both the economies.

Prasad said India is pushing its digital economy to touch USD one trillion mark in coming 3-4 years, leading to opportunities in areas like IT, e-commerce, communications and electronics manufacturing.

Terming Indo-Russian relationship as one of “trust, understanding and reciprocity”, Prasad said the two sides had a common world view on a variety of matters and that ties have remained immune from the political changes and other differences.

“Indeed, it has acquired a new momentum because of personal chemistry and understanding between Prime Minister Narendra Modi and Russian President Vladimir Putin,” Prasad said addressing India Russia Business Summit organised by industry body CII.

11:52am IST

PM Modi, Putin hold restricted meeting

Prime Minister Narendra Modi and Russian President Vladimir Putin are holding a restricted meeting ahead of delegation-level talks of the annual bilateral summit.

This is the third meeting between Modi and Putin this year after an informal meeting in the Russian resort city of Sochi in May and a bilateral on the sidelines of the BRICS Summit in South Africa in July.

11:35am IST

PM Modi welcomes President Putin to India-Russia bilateral summit

 

11:22am IST

PM Modi meets Russian President Putin

 

11:14am IST

S-400 missile defence system deal with Russia

Ahead of the visit, the Russian President’s aide Yuri Ushakov was quoted by media as saying that Russia and India are planning to sign more than 20 documents at the end of the Putin-Modi talks and that Putin will oversee the signing of the USD 5 billion deal.

The agreements to be signed are likely to boost cooperation in keys sectors such as defence, space, trade, energy and tourism, among others.

The spotlight will be on the S-400 missile defence system deal as, if signed, it could violate US sanctions under the Countering America’s Adversaries Through Sanctions Act (CAATSA) instituted by the US Congress on arms purchases from Russia.

11:01am IST

Russian President Vladimir Putin in India

Russian President Vladimir Putin arrived in New Delhi on Friday and was received by External Affairs Minister Sushma Swaraj.