Jaishankar holds talks with Russian counterpart; reviews preparation for PM Modi's visit

External Affairs Minister S Jaishankar and his Russian counterpart Sergey Lavrov on Wednesday reviewed the preparations for Prime Minister Narendra Modi's visit to the country next week and discussed regional and international issues of mutual interest.

Talking to reporters at a joint press conference here, Lavrov said that the preparations for the talks between the Eurasian Economic Union (EAEU) and India on creation of a free trade zone have been finished, with all required procedures fulfilled.

"Today, we focused on preparations for Prime Minister Modi's visit to Russia for talks with President Vladimir Putin and participation in the 5th Fifth Eastern Economic Forum in Vladivostok as chief guest," Lavrov said.

The two sides "thoroughly discussed" the visit's agenda and came to the conclusion that they are on the right track, he was quoted as saying by the state-run Tass news agency.

The 5th Eastern Economic Forum will take place in Vladivostok on September 4-6.

"EAEU focuses on the deepening of trade and economic cooperation with New Delhi. As of today, all procedures required for the launch of official talks on concluding a free trade zone agreement between EAEU and India have been completed. The speedy launch of a respective negotiations process will be a milestone of cooperation between India and EAEU," Lavrov said.

The EAEU is a five-nation international organisation comprising Armenia, Belarus, Kazakhstan, Kyrgyz Republic and Russia established in 2015 to create conditions for the stable development of the economies of the member states.

The EAEU region with a population size of over 180 million holds huge potential to increase trade.

Lavrov also said that his talks with Jaishankar also focused on "a number of specific issues, including the necessity to intensify work on creation of an international transport corridor North-South in the Russia-India-Iran format."