NNNNNNNNNNNNNNNN
SEAnews SEA Research, BLK 758 Yishun Street 72 #09-444 Singapore 760758
India Front Line Report
SEAnews Issue:monthly
tel:65-87221054
NNNNNNNNNNNNNNN
2018-06-01 ArtNo.46255
◆Modi, Putin talk multi-nation trade corridor being built by India via Iran




【New Delhi】Prime Minister Narendra Modi’s ‘informal summit’ with Russian President Vladimir Putin was heavy on defence and geopolitical discussions, at a time when US sanctions on Russia’s military have been picking up pace and Washington DC has turned up the heat on a trade war with India.
 On May 21, Modi reached Sochi as part of his one-day tour of Russia and Putin saw him off in the early hours of the next day. The trip has been officially characterised as ‘agendaless’ by the government which has meant that the Prime Ministers’ topic of discussions have not been announced, while there also has not been a joint statement by both leaders after the conclusion of the trip. But reports from Russia now confirm that international geopolitical issues and that bedrock of India’s ties with Russia - defence - received maximum time from both leaders during talks.
 According to reports in the Russian media, the talks also focused on the sanctions on Iran and the crisis in Syria as a result of the civil war. Both leaders also talked about the multilateral groupings such as BRICS and the Shanghai Cooperation Organization and what may be the way ahead on crucial issues such as development financing and the prohibition of chemical weapons, the reports added.
 The issue of multi-nation trade corridor also seems to have discussed. The International North South Transport Corridor (INSTC) focuses on the Chabahar port in southern Iran and incorporates thousands of kilometres of all-weather highways across the Iranian desert to transport goods to the northern border with Azerbaijan. Here, logistics hubs have been set up for transporting the goods to the Russian port of Astrakhan and onwards to Russia’s European markets.
 “However, now with the US decision to reinstate sanctions against the Islamic regime in Iran, apart from the prospects of a bloated oil import bill as global crude prices soar and loss of export markets in Iran, the INSTC has hit another roadblock. We had suggested the issue be raised by the Prime Minister with President Putin,” a senior commerce ministry official said.
 The Federation of Freight Forwarders Association of India, which had conducted the first dry run through Azerbaijan back in 2014, had initially pegged six months as the time required to popularise the new route after it opened. But difficulties over the lack of loan facilities from banks on this route, inadequate insurance coverage for bill of lading, non-vessel operating common carrier as well as irregular shipping services to Iran remain.
 Modi also invited Putin for the 19th Annual Summit in India later in the year.

○Modi-Putin summit: Energy cooperation, terrorism, geopolitics discussed




【New Delhi】Prime Minister Narendra Modi, who had returned from his one-day informal summit with Russian President Vladimir Putin in Sochi on May 22, termed the talks as "extremely productive". He said that the complete range of India-Russia relations, along with other global subjects, were part of the discussions between the two leaders during the summit, PTI reported.
 The two leaders held discussions on a range of issues from joint effort against terrorism to defence cooperation, International North-South Transport Corridor (INSTC) and BRICS.
 President Putin and Prime Minister Modi also talked about expanding cooperation in the energy sector and, in this regard, welcomed the arrival of the first consignment of Liquefied Natural Gas (LNG) under a long-term agreement between Russian gas giant Gazprom and India's state-run gas utility GAIL next month.
 Modi also thanked Russia for playing a crucial role in helping India get a permanent membership of the Shanghai Cooperation Organisation, an eight-nation bloc that aims at military and economic cooperation among member states. India and Pakistan were admitted last year to the organisation.

【News source】

Modi, Putin talk multi-nation trade corridor being built by India via Iran

Modi-Putin summit: Energy cooperation, terrorism, geopolitics discussed

One world:
AD-SEAnews



AD-SEAnews, New concept of SEAnews, aims to realize borderless one world.


◆Recruitment of Ad-SEAnews Canvassers



Your Comments / Unsubscribe



SEAnews Twitter



SEAnews Messenger



SEAnewsFacebook



SEAnewsGoogle



SEAnews eBookstore



SEAnews eBookstore(GoogleJ)



SEAnews world circulation


[Your Comments / Unsubscribe]/[您的意见/退订]/[ご意見/配信停止]
Please do not directly reply to the e-mail address which is used for delivering the newsletter.
请别用递送新闻的邮件地址而直接回信。
メールをお届けした送信専用アドレスには返信しないで下さい。
SEAnews 掲載記事の無断転載を禁じます。すべての内容は日本の著作権法並びに国際条約により保護されています。
Copyright 2003 SEAnews® All rights reserved. No reproduction or republication without written permission.