Joshi was bestowed the award by visiting Deputy Prime Minister Dmitry O Rogozin at a function at the Russian embassy here.
"In the brilliant constellation of distinguished Indian politicians and statesmen, M M Joshi for decades has been enjoying high esteem and incontestable authority as a champion of deeper Russian-Indian ties," Rogozin said.
"As a Cabinet minister, Joshi initiated and supervised a number of bilateral programmes and projects of scientific and technological cooperation, joint research and publishing activities, seminars conferences and exchanges of delegations," he said.
"He has been a champion of the core principles of India's foreign policy- time tested and deep-rooted tradition of amity between our two countries," the visiting leader said.
Joshi, after receiving the honour said that Indo-Russian strategic partnership was "unique, multi-dimensional and built brick by brick".
"We have made diverse inroads apart from the fields of defence, space and nuclear energy. The Integrated Long term Programme (ILTP) has been biggest scientific cooperation India has ever entered with any country," the senior BJP leader said.