The Minister also co-chaired 26th Session of the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC).
- IRIGC-TEC is a mechanism set up in May 1992 for regularly monitoring bilateral progress across the sectors of trade and economic cooperation.
Key Highlights of the visit:
- Economic: Timely finalization of Programme of Economic Cooperation till 2030 and early conclusion of the India-Eurasian Economic Union FTA, a key element for revised bilateral trade target of USD 100 billion by 2030 were discussed.
- Regional issues such as developments in Ukraine, West Asia, Afghanistan were discussed . EAM reiterated India’s approach to emphasize dialogue and diplomacy as essential to resolving differences
- Removing bottlenecks in logistics and promoting connectivity: It included the International North-South Transport Corridor, Chennai–Vladivostok Eastern Maritime Corridor, Northern Sea Route.
- Global and Multilateral Cooperation: Both sides reaffirmed commitment to reform global governance, deepen collaboration in G20, BRICS, SCO & stressed the need to expand and revitalize the UN Security Council to reflect present-day realities.
India-Russia RelationsThe relationship is characterized as a "Special and Privileged Strategic Partnership” encompassing extensive cooperation across various domains:-
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