Indian PM Modi offers Russia $1 bln loan for Far East development

Indian PM Modi offers Russia $1 bln loan for Far East development
# 05 September 2019 12:21 (UTC +04:00)

During his speech at the EEF, Indian Prime Minister Narendra Modi said New Delhi would provide a $1 billion loan for the development of the Russian Far East, marking the first time India has offered a line of credit to any specific region of any country, APA reports citing Sputnik.

He also invited 11 governors of the Far East Region to visit India to strenghten economic relations between the two countries.

Note that Modi was invited to Russia as the main guest of the Eastern Economic Forum (EEF) in Vladivostok, where he held bilateral talks with President Vladimir Putin.

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