Vladimir Putin, India and Russia
Digest more
The United States itself still buys nuclear fuel from us for its own nuclear power plants. That is also fuel,” Russian President Vladimir Putin said during his first visit to India in four years.
India's Oil and Natural Gas Corp will pay into Russia's Sakhalin-1 oil and gas field abandonment fund in roubles, using Indian companies' frozen dividends to retain its 20% stake in the project, three sources familiar with the matter said.
Russia is working to co-opt part of India’s booming tech sector to forge a technological alliance to counter the West and boost its standing with China, in a campaign led by a former U.S.-based deep-cover spy, documents show.
Moscow is eager to prevent India’s oil purchases from falling back to near zero—their level before the war. Oil is one of the Kremlin’s largest sources of revenue. India, a net importer of oil, relies on Russia for more than a third of its oil imports, up from just 2% before the war.
India’s imports of Russian crude are expected to plunge to a near four-year low early next year, after months of US pressure. As workarounds emerge and the Kremlin cranks up its own charm offensive, however,
Russia agreed to encourage joint manufacturing in India of military hardware and spare parts for maintenance of Russian-origin arms and defence equipment.
India-Russia agreements: What do they mean for the Indian economy? Can they mitigate US tariff pain?
The recent India-Russia Annual Summit signals a potential shift. Experts highlight the significance of new trade agreements, but caution that while enhanced cooperation with Russia can provide some relief,
A former Pentagon official has offered an unusual assessment of Russian President Vladimir Putin’s India visit, arguing that Donald Trump and not Moscow deserves credit for the warm reception in New Delhi, calling it “Nobel Prize” worthy.