Russia, India Ink Raft Of Deals Including Crimea Trade Push
Even as the European Union is considering widening its ban on investment in Crimea, Russia and India on Thursday signed a memorandum of understanding (MoU) to boost trade between India and the Crimean region during President Putin’s New Delhi visit.
The agreement was signed by Crimean Prime Minister Sergei Aksyonov and Gul Kripalani, chairman of the Indian-Crimean Partnership. The Kremlin has received support from both New Delhi and Beijing in the face of western sanctions over Russia’s annexation of Crime.
The Crimea agreement with New Delhi will boost joint projects in “engineering, pharmaceuticals, agriculture and tourism to information technology, microelectronics and industrial parks”, said a Russian government press release.
Russian President Vladimir Putin met Indian Prime Minister Narendra Modi on Thursday in the Indian capital where the two sides inked crucial energy deals, including Rosneft’s 10-year oil delivery contract of 10 million tons per year with India.
“We have a strategic partnership that is incomparable. Russia our foremost defence partner since decades,” said Modi at a joint press conference following talks with Putin.
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