The Prime Minister of India co-chaired the Annual Summit with the President of Russia in Moscow.

• Joint statement was released after the summit.

Major Outcomes

• Trade and Economic partnership:
  • Set the bilateral trade target of USD 100 billion by 2030.
  • Promote bilateral settlement system using national currencies. 
  • Expanding energy cooperation across nuclear, oil, and petrochemical sectors, including infrastructure and technology.
• Transport and Connectivity: Increase of cargo turnover with India by implementing projects like  North-South International Transport Corridor, the Northern Sea Route and the Chennai-Vladivostok Eastern Maritime Corridor.
• Comprehensive reform of the UNSC: To reflect contemporary global realities and to make it more representative, effective and efficient. 
• Counter Terrorism: Demanded for expeditious finalization and adoption of the Comprehensive Convention on International Terrorism in the UN framework.
  • Also implementation of the UNGA and the UNSC resolutions on countering terrorism and violent extremism, conducive to terrorism.
• On Ukraine: Peaceful resolution of the conflict around Ukraine through dialogue and diplomacy including engagement between both parties.
• Military cooperation: agreed to encourage joint manufacturing in India of spare parts, components, aggregates and other products for maintenance of Russian origin arms and defence equipment under Make-in-India program.