(MENAFN) Russia and India expressed concern over the ongoing conflict in Gaza on Friday, calling for all parties to uphold the “cessation of conflict.” In a joint statement, Moscow and New Delhi emphasized the need for restraint, protection of civilians, adherence to international law, and avoidance of actions that could escalate tensions or destabilize the region.

The two nations also highlighted the humanitarian crisis in Gaza and stressed the importance of respecting prior agreements aimed at conflict cessation, facilitating aid, and achieving sustainable peace.

The statement followed the 23rd annual India-Russia summit in New Delhi, hosted by Indian Prime Minister Narendra Modi with Russian President Vladimir Putin in attendance, amid renewed Israeli attacks in Gaza violating the ceasefire established on October 10.

On the Iranian nuclear issue, both countries emphasized resolving matters through dialogue.

The summit also resulted in several memorandums of understanding covering trade, migration, maritime cooperation, health, food safety, fertilizers, academic exchanges, media cooperation, and enhanced people-to-people ties.

Additionally, Russia and India agreed to further develop bilateral settlement systems using their national currencies to maintain uninterrupted trade and to consult on interoperability of payment and financial messaging systems, including central bank digital currencies.

The two countries have elevated their relationship to a “special and privileged strategic partnership” and aim to reach $100 billion in bilateral trade by 2030, up from the current $68.7 billion. Putin’s visit comes as the US pressures India to halt Russian oil purchases, imposing a 50% tariff on certain imports linked to these acquisitions amid the ongoing war.

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