External Affairs Minister S. Jaishankar with Russia’s Deputy Prime Minister. File
| Photo Credit: PTI

Russia’s First Deputy Prime Minister Denis Manturov and External Affairs Minister S Jaishankar will jointly hold on November 12 a key session of the intergovernmental Russian-Indian commission on trade, economic, scientific, technical and cultural cooperation during his “working visit” to India.

As part of the visit, he will take part in the plenary session of the Russian-Indian Business Forum in Mumbai on November 11, the Russian Embassy said in a statement on Sunday (November 11, 2024).

The event in Mumbai is aimed at expanding cooperation and ties between the entrepreneurs of the two countries, the statement said.

There will be thematic sessions on current areas of interaction, including industrial cooperation, transport and logistics, finance, digital technologies, and interregional ties.

It is being organised by the Business Council for Cooperation with India and the Federation of Indian Chambers of Commerce and Industry (FICCI).

On November 12, in New Delhi, First Deputy Prime Minister Manturov jointly with External Affairs Minister Jaishankar will hold the 25th Session of the Intergovernmental Russian-Indian Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation, it said.

As part of his visit, the First Deputy Prime Minister also has a number of bilateral meetings planned, the embassy said in the statement.

A file photo of Prime Minister Narendra Modi and Russian President Vladimir Putin.
| Photo Credit: ANI

Prime Minister Narendra Modi’s visit to Moscow for a standalone State visit from July 8 to 9 to meet Russian President Vladimir Putin that is expected to focus on strategic, economic and military ties, will reverse the perception of a “drift” in relations, said experts.

The Modi-Putin talks are expected to focus on the rise in India-Russia trade due to India’s import of oil, smoothening out payment issues arising from Western sanctions, build on previous conversations on the Chennai-Vladivostok maritime route, and conclude the Reciprocal Exchange of Logistics Agreement (RELOS) agreement, that will pave the way for more defence exchanges.

Also read: Russia approves draft logistics agreement to be signed with India

Mr. Modi’s trip to Moscow is his first visit since 2015, and marks a return to the decades-old annual India-Russia summit format. He had met Mr. Putin in St. Petersburg in 2017, Sochi in 2018, Vladivostok in 2019 apart from Mr. Putin’s visits to India in 2016, 2018 and 2021. The two leaders met on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Uzbekistan in 2022, but have not held the annual bilateral summit for the last three years.

“The break in regular summitry — initially due to Covid, and a rapidly changing international situation — make it imperative that both sides reverse the perception in the international community of a drift in bilateral relations,” said former Ambassador to Moscow Venkatesh Verma. “Hence, the visit is timely, but also overdue to recharge the wellsprings of the strategic partnership,” he told The Hindu.

Sources said the final details of Mr. Modi’s programme is still being finalised, and advance MEA and security teams are in Moscow to make arrangements for the visit, which has yet to be formally announced.

The PM’s trip, which is likely to be his first bilateral visit abroad in his third term, would place Russia on par with India’s closest neighbours that have normally been the destination of first visits by Indian Prime Ministers. The visit will also be a signal to Western countries including the U.S. and Europe that Mr. Modi intends to continue to “balance” India’s ties, two years since the Russia-Ukraine conflict began.

While the government has not announced any plans for Mr. Modi to visit Kyiv on this visit, he will travel to Vienna between July 9 and 10. Meanwhile, by travelling to Moscow next week for a bilateral visit, Mr. Modi might also indicate that he is not as keen to pursue India’s position at multilateral summits, particularly given China’s presence. This week, he has deputed External Affairs Minister S. Jaishankar to attend the SCO summit in Kazakhstan, and it remains to be seen whether Mr. Modi will now return to Russia for the BRICS summit in October.

Experts also said that Mr. Modi’s visit will allow him to get a “first-hand account” of how Russia’s war in Ukraine is proceeding, and also discuss thorny issues like the recruitment of Indians to work as Russian military “helpers” that India has opposed, as well as to speed up the supply of defence hardware and spares that have been delayed due to the war.

“The visit will go a long way in removing some of the apprehensions about waning political ties between the two countries, and allow the leaders to resolve pending issues,” said scholar and distinguished fellow at ORF Nandan Unnikrishnan, who travelled to Moscow last week for the “Primakov Readings International Forum” where Russian Foreign Minister Sergey Lavrov had said Mr. Modi’s visit “perfectly fits” into Russia’s strategic foreign policy line.

Mr. Lavrov said that India, like China had made a “choice” to deal with Russia in national currencies, adding that about 60% of India-Russia trade is now settled in them, despite the fact that both China and India are engaged economically with western countries that have sanctioned Russia. “They are fully aware of the discriminatory nature of what the West is doing,” Mr. Lavrov added.

On the bilateral front, officials said that India and Russia are discussing increased investments in the Chennai-Vladivostok maritime corridor and in Siberia, while India wants to source minerals from Russia. Issues that need to be sorted include insurance, and negotiating with ports in between for transit, a source said, adding that there may be some issues with ports in China. The maritime route presents a more effective option than the International North–South Transport Corridor (INSTC) or other options, the source added.

(With inputs from Dinakar Peri)