Modi and Putin Hold Talks Ahead of BRICS Summit

Prime Minister Narendra Modi and Russian President Vladimir Putin held talks in New Delhi ahead of the BRICS Leaders' Summit, with discussions focusing on strengthening economic and strategic cooperation between India and Russia.

The two leaders discussed trade, defence and the wider impact of international conflicts on global commerce. Russia has also expressed interest in expanding practical cooperation within BRICS in areas including technology, infrastructure, payments and investment.

India and Russia have set a long-term target of increasing bilateral trade, while energy cooperation continues to remain an important part of the relationship. The discussions also come at a time when international conflicts and trade disruptions are creating uncertainty for economies around the world.

India's relationship with Russia has implications beyond bilateral diplomacy. Trade, energy supplies and international payment systems are among the areas that could affect businesses and consumers.

Source: Reuters report

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