Explained: Why the Eastern Economic Forum matters for India | Explained News, The Indian Express

Explained: Why the Eastern Economic Forum matters for India | Explained News, The Indian Express

Written by Aishwarya AVSK |Edited by Explained Desk |New Delhi |Updated: September 5, 2019 6:41:52 pm

Explained: Why the Eastern Economic Forum matters for India

The EEF is another way to expand India's defence and trade ties with Russia

Russian President Vladimir Putin and Indian Prime Minister Narendra Modi visit Zvezda shipyard, accompanied by Rosneft Russian oil giant chief Igor Sechin, ahead of the Eastern Economic Forum in Vladivostok, Russia, September 4, 2019. (Alexander Nemenov/Pool via REUTERS)

Speaking at the Plenary Session of the 5th Eastern Economic Forum (EEF) in Vladivostok, Prime Minister Narendra Modi announced that India would extend a $1 billion line of credit towards the development of the Russian Far East.