Putin to visit India next month for bilateral summit

IANS  |  New Delhi 

Russian will visit from October 4-5 during the course of which he will hold an annual bilateral summit with Narendra Modi, it was announced on Friday.

"During the visit, Putin will hold talks with the Modi... He will also have a meeting with the President (Ram Nath Kovind), as well as other engagements," it stated.

is one of only two countries with which holds annual bilateral summits, the other being

The India-bilateral relationship was elevated to Special and in 2010.

Earlier this month, visited for the 23rd (IRIGC-TEC) meeting which also prepared the groundwork for Putin's upcoming visit.

During that meeting, and Russia decided to increase the target of two-way investments to $50 billion by 2025 since the earlier target of $30 billion has already been crossed.

Speculation is also rife about whether a missile deal that has been negotiating with will be finalised during Putin's visit.

With US President Donald Trump's administration's law -- Countering America's Adversaries Through Sanctions Act (CAATSA) -- coming into effect in January, India's defence deals with other countries have come under the scanner.

CAATSA targets countries doing business with Russian, Iranian and North Korean defence companies. It is a matter of concern for India as it is a major defence partner of Russia.

The most controversial issue is India's purchase of four S-400 from Russia at a cost of more that Rs 40,000 crore.

Following the first ever India-US 2+2 Ministerial Dialogue held in on September 6, a senior official said that there will be no blanket waiver for the S-400 deal.

The last India-Russia annual bilateral summit was held on June 1, 2017, during the visit of Modi to Russia.

--IANS

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First Published: Fri, September 28 2018. 17:26 IST