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"He recognized the value of closer ties between our two countries," US ambassador Haley said of Churkin.
"We will have to keep pushing both sides," the Organization for Security and Cooperation in Europe says.
India was the world’s largest importer of major arms in the period 2012-2016.
German Chancellor Angela Merkel said that both sides must abide by the Minsk Protocol.
"The Russian economy is now recovering after a nearly two-year-long recession," the ratings agency says.
The top American and Russian diplomats agreed to cooperate on critical global security issues.
India and Russia have for the past 70 years signed dozens of defense contracts.
Currencies and stocks also gained in most of the tracked 26 emerging economies.
Russia says it wants to sign a peace treaty before resolving the Kuril Islands dispute.
Russia hopes the US will send representatives to attend a new round of Syria peace talks in Astana, Kazakhstan.