India-Russia friendship remains steady like the pole star, says PM

Why in news

Prime Minister Narendra Modi and Vladimir Putin met in Hyderabad House to discuss expanding the India-Russia partnership, with Putin proposing a free trade agreement with the Eurasian Economic Union.

Background

The leaders signed sixteen MoUs covering media collaboration and worker mobility. Putin announced a target of $100 billion in trade between India and Russia by 2030.

Facts for Prelims

• FactTrade target: India and Russia aim to reach $100 billion in trade by 2030
• BodyEurasian Economic Union: A regional economic integration body proposed for a free trade agreement with India
• PostRussia Today: Indian edition launched during the meeting to enhance media cooperation
• PlaceHyderabad House: Venue for the India-Russia bilateral meeting in India

For Mains

Q. Discuss the significance of the India-Russia partnership in the context of global energy security and expanding trade ties with the Eurasian Economic Union.

Dimensions to cover in your answer

• Energy security: Strategic cooperation to mitigate global supply chain disruptions
• Trade integration: Potential for a free trade agreement with the Eurasian Economic Union to diversify export markets
• Media diplomacy: Use of state-backed media platforms to project bilateral cooperation

Keywords: Strategic Partnership · Energy Security · Trade Liberalization · Bilateral Cooperation · Eurasian Economic Union

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