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Official sources said the two countries also signed the USD 5 billion S-400 air defence system deal after talks between the two leaders in Hyderabad House.
Talks with President Putin have given new direction to the bilateral strategic partnership, Modi said in a press statement after the 19th India-Russia annual summit.
Pacts were also inked in the fields of space, nuclear energy, railways and space.
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India and Russia are committed to cooperating in the fight against terrorism, Modi said.
President Putin said the two countries have agreed to step up cooperation in combating the menace of terrorism and drug trafficking.