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Nuclear, defense purchases and overall trade on Putin's agenda in India

Nuclear, defense purchases and overall trade on Putin's agenda in India

Russian President Vladimir Putin arrives in India Thursday, hoping to use the two nations' decades-long friendship to push for deals in civilian nuclear cooperation, military hardware and trade expansion between the booming economies.
Putin, who will be the guest of honor at India's Jan. 26 Republic Day celebrations during his two-day visit, is looking to cash in on Cold War ties that bound the two countries for years _ but then slackened as India's burgeoning market attracted other players.
India and Russia signaled their intent to forge ahead with military ties ahead of Putin's visit with two new arms deals, an agreement allowing the licensed production of Russian aircraft engines in India, and another for the joint development of a military transport plane.
Russian Defense Minister Sergei Ivanov and his Indian counterpart A. K. Antony signed the four agreements in New Delhi on Wednesday.
India was a key customer of Soviet weapons, purchasing billions of dollars' (euros') worth of military hardware, and has since become the world's foremost buyer of military equipment.
"The development of a close and trusting relationship with India is a top priority for Russia's foreign policy," Ivanov said after the agreements were signed.
A key element of their relationship was rooted in an unwritten code: that India would buy enormous amounts of Soviet military hardware, and Moscow would not supply defense equipment to India's neighboring archrival, Pakistan.
Russian politicians warned there could be consequences if India shops elsewhere.
"I believe this situation could stay, but only on condition that India, in its turn, will continue to view Russia as the main source of weapons," Konstantin Kosachev, head of the Russian parliament's foreign affairs committee, told The Associated Press.
Pakistan "has shown a huge interest in the development of military-technical cooperation with Russia," he said.
"If we see other trends here, see that India is refocusing to other suppliers, European or American ... Russia in turn will see new opportunities open for cooperation with other nations in the region," Kosachev said, in a clear reference to Pakistan.
The tacit agreement could be tested by India's planned purchase of 126 fighter jets, a deal worth US$6.5 billion to US$10 billion (


Updated : 2020-12-05 03:18 GMT+08:00