Defence business between Russia and India is booming, with contracts worth over $15 billion in the pipeline. This is despite rising strategic friction between Moscow and New Delhi, and the threat of US sanctioning India for defence ties with Russia.
On Monday, the Stockholm International Peace Research Organisation reported that Russia was India’s biggest arms supplier from 2014-18, accounting for 58 per cent of all India’s defence exports. And this is set to continue.
On Friday, India signed an estimated $3 billion contract with Russia leasing a Russian nuclear attack submarine (SSN) for ten years, starting 2025. Five days earlier,