The agreements were signed in the presence of Prime Minister Narendra Modi and Russian President Vladimir Putin at the 2nd Summit of India and Russia. The purchase of important military equipment such as Russia`s S-400 S-400 S-400 missile system would be considered a “significant transaction” and could impose tough U.S. sanctions, the Trump administration said today, as India considers buying air defense systems. India and Russia have signed 15 agreements to improve bilateral cooperation in various fields, including oil and gas, mining, road transport and coal. In 2017, the 70th year since the establishment of diplomatic relations between India and Russia, Prime Minister Modi was invited as a guest of honour at the St. Petersburg International Economic Forum (SPIEF). Although the 2014 Joint Declaration was issued as a vision document for the next ten years, only three years later, the St. Petersburg Declaration of June 2017 was again titled “Vision for the 21st Century.” The 2017 Joint Declaration again mentioned several sectors recognized in 2014 for enhanced cooperation; “Concrete initiatives… He was again absent from the architecture of bilateral institutional dialogue in a more results-oriented and forward-looking manner.” Some agreements were signed at the 2017 annual summit, including on cultural exchanges, the construction of the third phase of the Kudankulam nuclear power plant and the railways; Precious stones; University exchanges Investments.  However, none of them was a big ticket announcement.
India is also significantly strengthening cooperation between the states of India and the regions of Russia. We have nine partner states and sister cities agreements, and others are under consideration. During Prime Minister Shri Narendra Modi`s meeting with regional governors in June 2017 and between Foreign Minister Sushma Swaraj`s meeting with the governors of the Far East, a new step was taken in India`s interaction with Russian regions. Russia`s Far East is a new priority of our policy. The Russian Rossotrudnichestvo Representation (MMR) founded five Russian Science and Culture Centres (RCSC) in India in 1965, including New Delhi, Mumbai, Calcutta, Chennai and Trivandrum.  THE director of the MMR and director of RCSC, Fyodor Rozovsky, expects the cultural ties between the two countries to develop.  He and other officials also expect that the number of Indian students studying in Russia will increase as soon as the two countries sign an agreement on joint recognition of university degrees.    There is a Hindi department at Moscow University with five indology chairs in Moscow, St. Petersburg, Kazan and Vladivostok. Now, cooperation is not limited to a buyer-seller relationship, but includes joint research and development, training, service-to-service contacts, including joint exercises.
The last joint naval exercises were held in the Sea of Japan in April 2007 and joint air exercises were held in Russia in September 2007. An intergovernmental commission on military-technical cooperation is co-chaired by the defence ministers of both countries.