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PM to hold informal summit with Russian Prez Putin on May 21

Press Trust of India  |  New Delhi 

Modi will travel to Russian city of next week for an informal summit with on May 21 to deliberate on pressing global issues and explore ways to further boost the already close bilateral ties.

It would be Modi's second informal summit in as many months as he held talks with Chinese in China's in a similar format last month.

The (MEA) said it will be an important occasion for the two leaders to exchange views on international matters in a "broad and long-term perspective" with the objective of further strengthening 'special and privileged strategic partnership' between the two countries.

"Both leaders will also discuss their respective national developmental priorities and bilateral matters," the MEA said.

The annual summit talks between the top leadership of the two countries, bound by 'special and privileged strategic ties', have been taking place alternately in and since 2000.

Sources said Putin will be in later this year for the annual summit. The last summit had taken place in in June 2017.

"This informal summit in between Modi and President Putin is in keeping with the tradition of regular consultations between and at the highest levels," the MEA said.

The sources said Modi and Putin will discuss issues of strategic importance besides exploring ways to enhance bilateral cooperation in areas of trade, commerce, and defence.

is keen to enhance economic cooperation with Putin has been making concerted efforts to push economic growth in his country which witnessed significant slowdown following Western sanctions after the crisis.

has been India's biggest supplier of arms though has started buying more from the US in the last few years.

India has been pressing Russia to share critical technology with it for defence production.

Energy-starved India, the third largest after the US and China, has also been pushing for greater involvement in major in Russia. Russia is one of the top globally and has huge reserves of

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 14 2018. 20:00 IST