India is set to host Russia’s Putin, deepening trade ties, unfazed by punitive U.S. tariffs
Putin's visit aims to boost India-Russia trade toward $100 billion by 2030 and deepen defence ties, including talks on Su-57 jets and S-500 missile systems.
- On December 4, Russian President Vladimir Putin begins a two-day state visit to New Delhi for the 23rd India-Russia Annual Summit to pursue agreements across trade, defence, energy, healthcare and labour sectors.
- Officials say the summit agenda is shaped by external pressure from the U.S. administration of President Donald Trump, while a surge in India's purchases of Russian energy has boosted profits and is unlikely to be cut.
- Negotiators are pressing for a new payment framework that could rely on the UAE dirham or a SPFS–RuPay link, while Kremlin briefings list S-400 air-defence systems and Su-57 fighter programme among high-priority defence topics.
- A private dinner hosted by Prime Minister Narendra Modi is scheduled for December 4, followed by bilateral talks and a business leaders' address on December 5, with Russia Today launching India operations with a 100-member bureau.
- The Ministry of External Affairs said, `The forthcoming state visit will provide an opportunity for the leadership of India and Russia to review progress in bilateral relations, set the vision for strengthening the 'Special and Privileged Strategic Partnership' and exchange views on regional and global issues of mutual interest`, as Kremlin officials project trade could reach 100 billion dollars by 2030 with bilateral trade already at 63 billion dollars.
84 Articles
84 Articles
Russia's Putin seeks to boost energy, defence exports with India visit
Russian President Vladimir Putin starts a two-day visit to India from Thursday, pitching for more sales of Russian oil, missile systems and fighter jets in a bid to restore energy and defence ties hit by U.S. pressure on the South Asian nation.
Putin's visit highlights Indian imports of discounted Russian oil in the face of US sanctions
Russian President Vladimir Putin is in India this week for a summit focused on strengthening economic, defense and energy ties.
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