Govt Bets Big On Russian Far East But Sanctions Rattle India Inc

NEW DELHI: India has offered to help build a satellite city, including ports, roads and energy infrastructure, near Vladivostok in Russia’s Far East as part of Prime Minister Narendra Modi’s Act Far East Policy. This was discussed during the working visit by Aleksey Chekunkov, Russia’s minister for the Far East and Arctic, during his recent India visit. “Discussed furthering IN-RU ties in the maritime sector including cargo transportation along Northern Sea Route, container shipment between ports of Russian Far East & India, operationalising Chennai-Vladivostok corridor and training of Indian seafarers in Arctic waters,” Ports Minister Sarbananda Sonowal tweeted after his meeting with Chekunkov. The next round of maritime cooperation talks will be held in Moscow later in April. Reports suggest India will continue to build its relationship with Russia defying U.S. sanctions on the country for its invasion of Ukraine. Other similar announcements are expected at the 26th St Petersburg International Economic Forum in June, and subsequently the 8th Eastern Economic Forum in September at the Far Eastern Federal University campus in Vladivostok....Read More