Super 40: Modi announces LoC of $1b for Russian Far East

Vladivostok (Russia): In a first-of-its kind move, Prime Minister Narendra Modi on Thursday announced a Line of Credit (LoC) of $1 billion for Russia''s Far East region while expressing commitment to work with Russia in all areas for mutual development and progress.

Modi, while addressing the Eastern Economic Forum (EEF) here as the Chief Guest, said that India will actively contribute to ensure the success of Russian President Vladimir Putin''s vision of developing the Far East region.