Russia, Vladimir Putin and India
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Russian President Vladimir Putin offered India uninterrupted fuel supplies on Friday, eliciting a cautious response even as he and Indian Prime Minister Narendra Modi agreed to expand trade and defence ties between countries with decades-old ties.
The Trump administration, which crippled Russia’s oil sales to India with sanctions, will be watching Mr. Putin’s talks with Prime Minister Narendra Modi.
6hon MSN
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,
ABP News on MSN
Modi–Putin Summit: India, Russia To Co-Produce Defence Gear, Explore New Missile Deals
New Delhi, Dec 6 (PTI) Russia agreed to encourage joint manufacturing in India of military hardware and spare parts for maintenance of Russian-origin arms and defence equipment. Ways to bolster overall bilateral defence cooperation figured prominently during summit talks between Prime Minister Narendra Modi and Russian President Vladimir Putin on Friday.
India continues buying discounted Russian oil despite Western sanctions, then exports refined petroleum products to Europe, undermining restrictions.
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.
India and Russia pledge a unified, uncompromising fight against terrorism, emphasizing zero tolerance and global cooperation during Modi-Putin summit.