The BRICS and the SCO summits held in July once again showed the identity of approach of Russia and India to the solution of pressing international problems and to strengthening the foundations of a multipolar world.
This was emphasized by Alexander Kadakin, Ambassador of Russia to India, in an interview to the agency Sputnik on the eve of India’s Independence Day (August 15). According to the ambassador, the Indians share our position on the inadmissibility of the imposition of unilateral economic sanctions without UN approval. During the meeting in Ufa, Prime Minister Modi confirmed the view of India that such actions are detrimental to the global economy and make the task of strengthening the economic cooperation among the BRICS nations more urgent.
The BRICS Summit highlighted the need for transformation of the obsolete model of global financial system, creation of new institutions to meet modern challenges. The Ambassador informed that the news about the establishment of the new development bank of BRICS and the pool of reserve currencies was welcomed in India. Indian partners hope that while expanding their activity, they will have better chances of borrowing funds for infrastructure projects, social and humanitarian programmes, which will ultimately strengthen economic stability. The proposals of Prime Minister Modi to conclude a customs agreement, to hold the first BRICS trade fair, to collaborate on the construction of railways and to participate in improving agricultural potential were warmly received.
Ambassador Kadakin further stated that In Indian political circles, Ufa is now firmly associated with a significant event — the beginning of the procedure for India’s entry in the SCO as a full member. Such an expansion of the organization will, of course, raise its credibility and serve to strengthen the role of SCO in the international arena, promote cooperation in the interests of peace and security,in the fight against terrorism, drug trafficking and other global and regional challenges and threats. This is especially true in the context of reconciliation and stabilization in Afghanistan, joint efforts in countering the threat of ISIS and other dangerous manifestations of radical Islam.
President Putin and Prime Minister Modi met on the sidelines of the Ufa summits. Prime Minister Modi will come to Russia again before the end of the year on a bilateral visit. The preparatory work for this important event has already started. We are looking ahead to meetings of respective working groups and two intergovernmental commissions that will prepare specific proposals for the agenda. The forthcoming summit in Moscow will impart a new impetus to our relationship, raise them to a new level and impart fresh ideas that will enrich Russian-Indian cooperation.