A Memorandum of Understanding (MoU) has signed between the $10 billion Russian sovereign wealth fund, RDIF and SBI to set up a $2 billion investment consortium to promote direct mutual investments between two nations.
The signed pact contains 10 deals, including defence, signed as part of Russian President Vladimir Putin’s official visit to India at the 13th annual India-Russia summit. Read more
As per latest news, Russian President Vladimir Putin arrived in India for a bilateral summit on Monday.
It is said in news that during Putin’s stay in India, major defence deals were expected to be inked.
As per the information revealed by the Indian Foreign Ministry officials, “Trade, investment and energy are also expected to be on the agenda along with the situation in Afghanistan.” Read more
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