Saint Petersburg Declaration

St. Petersburg’s declaration
  • Sanskriti se Suraksha:
    • PM Modi said the ties between India and Russia span the spectrum from Culture to Defence (Sanskriti se Suraksha). 
  • Energy bridges:
    • Both sides strive to build an “Energy Bridge” by having energy cooperation in all areas including nuclear, hydrocarbon, hydal and renewable energy sources.
    • Exploration of Arctic shelf: India is interested in launching joint projects on exploring Hydrocarbons in the Arctic shelf of the Russian Federation. 
  • Economic ties:
    • Diversification (High Technology Products): The two sides should diversify their trade in goods and services with special focus on high technology products.
    • Investment target: India and Russia are close to achieving the target of 30 billion US dollars worth of investment by 2025.
    • Eurasian Economic Union: The two sides will commence discussions on a Free Trade Agreement between the Eurasian Economic Union and the Republic of India.
    • Startups: PM Modi mentioned the “bridge to innovation” to promote startups and entrepreneurship
  • Strategic ties
    • Joint exercises: The two countries will hold the first tri-Services exercises, named ‘Indra-2017,’ in 2017.
    • Defence production: The two sides have decided to jointly produce Kamov 226 helicopters and frigates. 
  • Cooperation on International issues:
    • Asia Pacific  region: To build well-balanced security architecture in the Asia Pacific region, the two sides have decided to develop a relevant dialogue in the framework of the “East Asia Summit”.
    • Afghanistan: The two sides have decided to coordinate for achieving national reconciliation in Afghanistan.
    • UN: Russia reiterated its support for India’s candidature for a permanent seat in a reformed United Nations Security Council.
    • Export control regimes: Russia reiterated its support for India’s earliest admission to the export control regimes namely Nuclear Suppliers Group and the Wassenaar Arrangement. 
  • Cultural ties
    • There exists deep awareness of Yoga and Ayurveda in Russia.



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