September 5, 2019 / 8:25 AM / 16 days ago

India to offer Russia $1 billion loan to develop Far East: Modi

Indian Prime Minister Narendra Modi attends a meeting with Russian President Vladimir Putin on the sidelines of the Eastern Economic Forum in Vladivostok, Russia September 4, 2019. Sputnik/Mikhail Klimentyev/Kremlin via REUTERS

VLADIVOSTOK, Russia (Reuters) - Indian Prime Minister Narendra Modi said on Thursday that India would offer Russia a $1 billion credit line to help develop the Russian Far East.

Modi was speaking at an economic forum in the city of Vladivostok in Russia’s Far East.

Reporting by Vladimir Soldatkin, Gabrielle Tétrault-Farber, Olesya Astakhova, Andrey Kuzmin; Writing by Tom Balmforth; Editing by Alison Williams

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