India to provide 1 Billion dollar line of credit to Russia’s far East
Vladivostok: India will provide one billion dollar line of credit to further contribute to the development of the Russian Far-East.
This was announced by Prime Minister Narendra Modi on Thursday, 5 September 2019. He was addressing the Eastern Economic Forum here.
Modi said this is the first time that we are giving line of credit to a particular region of a country. My Government’s Act East Policy has actively engaged East Asia and today’s announcement will prove to be the take-off point of Act Far East and it is my firm belief that this step is also adding a new dimension to our economic diplomacy, the Prime minister said.