INDIA-RUSSIA: FAR ACT EAST POLICY (How far policy is achieved)

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The Prime Minister of India, Narendra Modi, has announced in front of the President of Russia, Vladimir Putin, the “Act Far East policy” which shall “uplift the relationship of India with Russia’s Far East region”. The Indian Prime Minister has watched this policy as a historic opportunity to give new momentum to the interaction between the two companies.

At the conference, he said, “In 2019, I had the opportunity to participate in this forum. At that time, we announced India’s Act Far-East policy. And as a result, India’s cooperation with the Russian Far East has increased in various fields. Today, this policy has become a key pillar of the Special and Privileged Strategic Partnership of India and Russia.”

Also Read: Both nations India-Russia discuss Indo-Pacific, Delhi’s concern on security

Bettering relations between the two nations…

PM Modi wants to secure good relations between the two countries after the COVID-19 pandemic and Ukraine conflict. “The Ukraine conflict and the Covid-19 pandemic have had a major impact on global supply chains. Shortages of food grains, fertilizers, and fuels are a major concern for developing countries. Since the beginning of the Ukraine conflict, we have stressed the need to take the path of diplomacy and dialogue. We support all peaceful efforts to end this conflict. In this regard, we also welcome the recent agreement concerning the safe export of cereals and fertilizers”, he said. The implementation of this policy shall bring crucial opportunities for India.

Both India and Russia can benefit from the “Far-act east” policy. These are the few essential events to remember:

  • Russians will aid in training the Indian astronauts for the space mission Gaganyaan
  • India is concerned about expanding business relations and trading with Russia. There is a special region along the coast of Russia’s far east where there is a huge reserve of hydrocarbons.
  • Both countries restated their dedication to building up international non-proliferation. Russia also extended its hands of support for letting India be a part of the Nuclear Suppliers Group.
  • Both countries agreed that “implementation in good faith of universally recognized principles and rules of international law excludes the practice of double standards or imposition of some States of their will on other States”
  • Both countries decided to strengthen an equivalent and inseparable security structure in the Asian region and the Pacific region.

Strategic execution of Act Far East Policy and how far the policy has been achieved…

  • The “Act Far East” policy has created business opportunities for India as it can efficiently extend its maritime trade with Russia and other European countries.
  • India will benefit from the energy-rich resources as this policy will create an opportunity for the Indians to approach the Arctic region via the Far East Route, which is abundant in minerals.
  • Due to this policy, Russia will also get access to diversify trade relations with Japan.
  • This Far Act East policy would permit the two countries to reinforce their relationship between the two countries and deepen their economic and political ties.