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Far East Development Loan Terms Discussed by India and Russia
Moscow and New Delhi are discussing the terms of a loan for the development of the Russian Far East. This was during a webinar on the development of Russian-Indian relations in a pandemic, said the head of the Eurasian Department of the Indian Ministry of Foreign Affairs Manish Prabhat.
According to him, the Russian Far East has become an area of strategic interests and potential investments of India. To implement the plans, the conditions for granting a credit line to Russia are being discussed. Its size will be one billion dollars.
About the intention to provide a loan to Russia for the development of the Far East in September last year as part of the Eastern Economic Forum curled Indian Prime Minister Narendra Modi. Before the forum, an Indian business mission visited Vladivostok and agreed to triple its trade turnover by 2025 and bring it up to $ 30 billion.