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In the meeting, Prime Minister Modi especially raised the issue of maritime trade being affected in the Black Sea region and the safety of Indian sailors due to the Russia-Ukraine conflict. According to the Foreign Ministry, the two leaders shared their views on the conflicts in West Asia and the Black Sea region. Modi once again said that the solution to any conflict should be found only through dialogue and diplomacy. India also reiterated its readiness to help in peace efforts.

10 big things about the meeting between PM Modi and Putin…

1. Concern over safety of Indian sailors: Maritime activities in the Black Sea region have been affected amid the Russia-Ukraine war. During this period, India has expressed concern about the safety of its civilian sailors and has raised this issue with Russia as well as Ukraine.
2. Five Indian sailors died in the Black Sea: Five Indian sailors have died in the Black Sea region during the ongoing Russia-Ukraine conflict. In such a situation, the security of Indian citizens along with maritime trade has become an important issue for India.
3. Modi again gave the message of conversation: Prime Minister Modi said that the way to end conflicts lies only through dialogue and diplomacy. India also expressed its desire to play its role in efforts to establish peace.
4. Target to increase India-Russia trade: In the meeting, both the countries also discussed further strengthening economic relations. India and Russia have agreed to work towards increasing bilateral trade to $100 billion by 2030.
5. Currently the trade is about 65 billion dollars: The current annual bilateral trade between India and Russia is said to be around $65 billion. Both the countries will now try to take it to the level of 100 billion dollars by 2030.
6. Discussion on cooperation in many important areas: Modi and Putin also discussed implementing the ‘Programme for Economic Cooperation 2030’ as well as increasing cooperation in the fields of infrastructure, energy, technology, defense and culture.
7. Discussions also took place on global issues: The meeting was not limited to India-Russia relations only. The two leaders shared their views on a number of regional and global issues, including conflicts in West Asia and the Black Sea region.
8. Meeting held during BRICS Summit: This meeting of Modi and Putin took place during the ongoing BRICS summit in New Delhi. This face-to-face conversation between the two leaders was also monitored at the global level.
9. Modi-Putin reached business forum in the same car: After the meeting was over, Prime Minister Narendra Modi and President Vladimir Putin arrived in the same car to attend the business forum organized at the Bharat Mandapam complex. This picture and video of both the leaders also remained in discussion.
10. Along with economic relations, strategic issues are also important: Relations between India and Russia are not limited to just trade. Along with energy, defence, technology and strategic cooperation, global developments like the Ukraine war are also impacting the relations between the two countries. In such a situation, the meeting of Modi-Putin is being considered important from both economic and diplomatic point of view.

What did PM Modi and Putin say in the Leaders’ Session of BRICS Business Forum?

In the Leaders’ Session of BRICS Business Forum held in Delhi, Russian President Vladimir Putin and Prime Minister Narendra Modi made important points regarding the global economy, the growing strength of BRICS, trade, sanctions and economic cooperation. At the same time, Putin said that big and deep changes are taking place in the world economy and new growth engines are rapidly emerging in place of the old economic leadership.

According to Putin, in the last five years, the share of BRICS countries in the world GDP has been more than 40 percent, while the share of G7 has been about 29 percent. He said that during the same period, the contribution of BRICS to global economic growth was more than half, while the share of G7 was about 18 percent. Putin cited the huge population of BRICS countries and strong domestic markets as the main reason for this.