Russia's share of arm imports to India fell from 69 per cent in 2012-17 to 46 per cent in 2017-21, according to a report released on Monday by Stockholm-based defence think-tank SIPRI. Russia started a war against Ukraine on February 24, which led the US and other western countries to impose extremely harsh economic sanctions on the country. "Between 201216 and 201721 Indian arms imports decreased by 21 per cent. Despite this, India was the world's largest importer of major arms in 201721 and accounted for 11 per cent of total global arms imports in the period," the report noted. Russia was the largest supplier of major arms to India in both 201216 and 201721, but India's imports of Russian arms dropped by 47 per cent between the two periods as several large programmes for Russian arms wound down, said the report by the Stockholm International Peace Research Institute (SIPRI). This, combined with India's increased efforts to diversify its arms supplier base, meant that Russia's sha
An industry official said that as far as manufactured goods are concerned, Indian exporters can have an advantage over the supplies from Russia to European nations
This will allow Russian importers to pay in rubles and enable Indian exporters to do so in rupees
Even if Moscow relents and sells oil for rupees to India, European insurers may be reluctant to underwrite; in any case a bigger Russian tilt would involve a larger financial switch by New Delhi
Ukraine crisis will have consequences for the whole world, including for Russia-India relations, and the extent of its impact cannot be envisaged now, Russian Ambassador Denis Alipov said on Saturday.
The West's attempt to bring Vladimir Putin to heel by weaponising everything from aircraft spares to finance will have much wider repercussions, writes T N Ninan
Gains likely with working of a crucial corridor, revival of Rupee-Ruble trade and benefits for Indian insurers; setback for New Delhi's financial sector foray into Moscow
Banks await RBI, govt's advisory on transactions with Russian companies
The RBI is also likely to come up with a plan soon, and has collected information from Indian banks
'It will be easier for us to agree if you take power in your hands,' says Russian President to Ukrainian servicemen
India is a top importer of urea and other soil nutrients needed to feed its huge agriculture sector, which employs about 60% of the country's workforce and accounts for 15% of $2.7 trillion economy
The White House does not have any information to be able to predict when the next meeting between Joe Biden and his Russian counterpart Vladimir Putin will take place, spokesperson Jen Psaki said
India and Russia discussed Indo-Pacific and India's security concerns, said Foreign Secretary Harsh Vardhan Shringla on Monday.
India and Russia discussed the evolving situation in Afghanistan, especially the security situation and its implications in the region, as they condemned the cross-border movement of terrorists
India and Russia reaffirmed their commitment to increase sourcing of Russian crude oil on long term contracts through preferential pricing
India and Russia on Monday vowed to deepen collaboration in the space sector, including in the human spaceflight programme
India, Russia hold 21st summit, and first 2+2 dialogue; sign 28 agreements
Defence Minister Rajnath Singh on Monday met Russian Defence Minister Sergey Shoigu here in Delhi ahead of the first 2+2 ministerial dialogue between India and Russia
Russian President Vladimir Putin is set to arrive in India today to hold the 21st annual India-Russia summit with Prime Minister Narendra Modi.This will be the first in-person meeting between Prime Minister Modi and President Putin after their meeting on the sidelines of the BRICS summit in Brasilia in November 2019.Putin decided to go ahead with the visit despite the emergence of a new COVID-19 strain Omicron which has affected the schedule of several bilateral and international summits.During the summit, PM Modi and the Russian President will review the prospects of bilateral relations and will discuss ways to further strengthen the strategic partnership between the two countries.The annual summit is a time for both leaders to recalibrate the long-standing relationship.Before the annual summit, India and Russia will also hold the first 2+2 dialogue to be held at the level of the foreign and defence ministers.The dialogue is expected to focus on "political and defence issues of ...
Former Indian diplomats expect Afghanistan and defence deals will be on high priority for Russian President Vladimir Putin's bilateral meeting with Prime Minister Narendra Modi.