A memorandum of understanding was signed by two statesmen of India and Russia. PM Modi and President Putin had made a deal on mutiple sector projects.They had inked the 16 agreements on Saturday.
The Pentagon on Tuesday unveiled its plan to boost spending in defense mechanism in 2017, aiming to increase its military capability to back its European NATO allies. The US Defense Department requested a budget seeking 7.5 billion US dollar for operations in Syria and Iraq for the year 2017.
Russia announced that it would lift its oil exports in Asia and consequently decrease the distribution for Europe.
A Russian state firm has offered to buy BP's half share in its huge oil joint venture.