GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
No Result
View All Result
Home Headlines

Putin Hosts Modi At Russia’s Economic Showcase

May 31, 2017
in Headlines
Share on FacebookShare on Twitter

Russian President Vladimir Putin hosts Indian premier Narendra Modi on Thursday on the sidelines of the Kremlin’s annual economic forum, as Moscow looks to burnish a fragile recovery despite tensions with the West.

You Might Also Like

Ghanaian Can Travel to South Africa Visa-Free

2019 – the Biggest Year yet for Ghanaian Tourism

Three Britons On Trial In Singapore Accused of Gang-Raping Drunk Woman

Modi and Putin will meet on the third leg of the Indian leader’s four-nation tour of Europe with the pair looking to bolster declining trade between the once key partners.

Modi is the guest of honour at this year’s three-day Saint Petersburg Economic Forum — Russia’s answer to Davos — that Putin will use to push the idea that Russia has turned the page on a brutal recession caused by low oil prices and sanctions over Ukraine.

“The message that you will get from government officials and probably President Putin is that Russia has adjusted to life with sanctions, to life with lower oil prices, and is now on the path to recovery,” analyst Chris Weafer from Macro Advisory told AFP.

For the Kremlin, India represents the sort of major emerging markets it wants to do more business with as it looks to insulate itself against geopolitical shocks with the unpredictable Donald Trump in the White House.

“It is very clear that there will be a very strong statement that Russia is looking to diversify its political relations, is not looking to have one best friend,” Weafer said.

“Rather than praising China or being critical of Europe, they will try to say ‘We are going to be diversified, we are going to be open’.”

Russia and India enjoyed a 70-year alliance forged during the Cold War, when the Soviet Union was New Delhi’s largest trading partner, diplomatic ally and main arms supplier, providing everything from tanks to aircraft.

But the relationship became unmoored following the collapse of the USSR, as India underwent an economic transformation and increasingly sought to build trade ties with Western nations.

That process has accelerated in recent years as New Delhi has orbited closer to Washington, and Russia has fostered relationships with India’s chief regional rivals Pakistan and China.

Modi and Putin are expected to oversee a number of deals and discuss a framework agreement for Moscow to supply more reactors to a nuclear plant in southern India as the country seeks to reduce its reliance on highly polluting coal.

A revival of two-way trade, which slumped to below $8 billion in 2015 despite an ambitious bilateral target of $30 billion by 2030, will be a key priority during Modi’s visit, after he made visits to Spain and Germany and ahead of a trip to France.

While India will occupy pole position at the forum, other visiting international leaders will include UN Secretary General Antonio Guterres and Austrian Chancellor Christian Kern.

Bosses from US giants Chevron, Exxon and Boeing will be among 144 American firms at the event, the best attendance in years after Washington previously warned business leaders against attending due to political tensions.

While Russia will talk up its recovery, the situation remains precarious and attention will also focus on talk of much-needed reforms to modernise its creaking economy.

Analysts warned that with Putin likely to bid for another term as president at elections next year there are unlikely to be any radical changes.

“The business climate isn’t going to improve and the presence of foreigners in the Russian economy won’t become more free or competitive,” said Andrei Kolesnikov from the Carnegie Center.

“Only those who manage to strike deals with people at the very top will be able to get involved.”

Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.

Tags: analystAndrei KolesnikovAntonio GuterresAsiaaustriaBoeingBusiness_FinanceCarnegie CenterchancellorChevronchiefchinaChris WeaferChristian KernCommercial Aircraft ManufacturingDavosDonald TrumpeuropeExxonForeign policy of the Narendra Modi governmentfranceGeography of EuropegermanyGrand Croix of the Lgion d'honneurindialow oil priceslower oil pricesMacro AdvisoryMoscowNarendra ModiNew DelhiOil & Gas Refining and Marketing - NECpakistanPetroleum RefiningpoliticsPolitics of RussiapremierpresidentRussiaRussia under Vladimir PutinSecretary-Generalsouthern IndiaSoviet UnionspainUkraineUnited NationsUnited StatesVladimir PutinwashingtonWhite House

Related News

Ghanaian Can Travel to South Africa Visa-Free

by
July 10, 2019
0

Citizens of Ghana no longer need a visa to travel to South Africa. This is because the South African Government...

2019 – the Biggest Year yet for Ghanaian Tourism

by
January 24, 2019
0

2018 was a good year for tourism in Ghana with more than GH₵5.8 billion spent in the country's travel and...

Three Britons On Trial In Singapore Accused of Gang-Raping Drunk Woman

by
August 1, 2017
0

Three British men have gone on trial in Singapore today accused of gang-raping a 23-year-old woman while visiting the city-state...

Pakistani Taliban Launches Women’s Magazine

by
August 1, 2017
0

The Pakistani Taliban on Tuesday released the first edition of a magazine for women, apparently aiming to convince its target...

Next Post

Sixth Night of Protests In Morocco's North

Sato Soaking Up Post-Indy 500 Accolades

Categories

  • Africa & World
  • African Music Lyrics Directory
  • Business
  • Business Directory
  • celebrities
  • Computing
  • Diaspora
  • Entertainment
  • Events
  • Feature
  • Featured
  • Ghana Elections 2016
  • Headlines
  • Health
  • International
  • Internet
  • Jobs
  • lifestyle
  • Music
  • News
  • Offbeat
  • Opinion
  • Politics
  • Profiles
  • Religion
  • Security
  • Seth Terkper
  • Smart Home
  • Social Networks
  • Sports
  • Technology
  • Top Stories
  • World News

Tags

accra addo africa Association football Banks - NEC business Business_Finance chairman Donald Trump economy education Entertainment_Culture environment Geography of Africa ghana Ghanaian people government Government of Ghana Human Interest John Dramani Mahama john mahama Law_Crime mahama minister MPs elected in the Ghanaian parliamentary election Nana Addo Nana Addo Dankwa Nana Akufo-Addo National Democratic Congress National Democratic Congress (NDC) New Patriotic Party New Patriotic Party (NPP) nigeria politics Politics of Ghana president Social Issues Social Media Social Media & Networking sports United Kingdom United Nations United States Vice President War_Conflict

Recent Posts

  • Government of Ghana Unveils Official Portraits of President John Dramani Mahama and Vice President Prof. Naana Jane Opoku-Agyemang
  • Who Is the Woman (Sheena Gakpe) in Sarkodie’s Latest Hit “No Sir” and Why Everyone Is Talking about It
List of Ghana Holidays for 2020
Ghana Geocoding
Ghana Cedis Exchange API
Ghana Maps Service
Toyota Cars Auto Auction History
  • African Music Lyrics Directory
  • Business Directory
  • Diaspora
  • Top Stories

All rights reserved © 2021 GhanaStar.com

No Result
View All Result
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music

All rights reserved © 2021 GhanaStar.com