Russia Remains India's Primary Arms Supplier But Imports Plunge Sharply
1 year, 9 months ago

Russia Remains India's Primary Arms Supplier But Imports Plunge Sharply

ABP News  

Russia is still India’s primary source of weapons even as the country has drastically trimmed purchases, according to report by news agency Bloomberg. Arms and ammunitions imports from Russia declined by 19 per cent for the five year period starting 2018 compared to a present time frame, according to a report from the Stockholm International Peace Research Institute, an independent think tank which studies conflict, weapon sales and disarmament. According to the latest report released on Monday, "Russia was the largest supplier of arms to India in both 2013–17 and 2018–22, but its share of total Indian arms imports fell from 64 per cent to 45 per cent." India has been the world’s largest arms importer since 1993 and “tensions with Pakistan and China largely drive its demand for arms imports,” the report added. Sanctions on Russia, affecting weapons exports, increased defence equipment manufacturing in India, and increased competition from countries like France — that has seen its arms exports to New Delhi jump a whopping 489 per cent over the same period — leading to the drop in purchases from Moscow, the SIPRI report added.

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History of this topic

Global arms sales rise to $632 billion in 2023, up 4.2% from 2022: Report
6 days, 19 hours ago

Global arms sales rise to $632 billion in 2023, up 4.2% from 2022: Report

India Today  

The Stockholm International Peace Research Institute has revealed that global arms sales surged to $632 billion in 2023, marking a 4.2 per cent increase from 2022. A significant trend noted in the report is the expansion of arms revenues among a higher number of companies, with 73 companies in the SIPRI Top 100 Arms-Producing and Military Services Companies 2023 reporting …

Is India profiting from Russia-Ukraine War?
1 week, 1 day ago

Is India profiting from Russia-Ukraine War?

India Today  

What’s driving the fiercest battles across the globe? From the brutal trenches of Ukraine to NATO’s growing defence requirements, the artillery boom is reshaping the global defence landscape—and India is positioning itself at its very centre. Estonia’s Strategic Partnership with India Estonia, a NATO member that consistently meets its 2% defence spending target, is emerging as a key ally in …

India to achieve $100-billion trade with Russia well before 2030 target: Jaishankar
Trending News
1 month, 1 week ago

India to achieve $100-billion trade with Russia well before 2030 target: Jaishankar

Hindustan Times  

India is confident of achieving commerce worth $100 billion with Russia before the target date of 2030 though the two sides need to address constraints to ensure trade is more balanced, external affairs minister S Jaishankar said on Tuesday. The two sides have seen “perceptible progress” in tackling challenges to trade, especially issues related to payments and logistics, but there …

India-Russia trade reaching $100 bn by 2030 more than realistic, says Jaishankar
Top News
1 month, 1 week ago

India-Russia trade reaching $100 bn by 2030 more than realistic, says Jaishankar

Firstpost  

External Affairs Minister S Jaishankar said India-Russia trade today is at $66 billion and ’this makes the goal of reaching $100 billion by 2030 more than realistic' External Affairs Minister S Jaishankar and Russia's First Deputy Prime Minister Denis Manturov at the India-Russia Business Forum, Mumbai, on November 11, 2024. Source: X | @DrSJaishankar India-Russia trade currently is at $66 …

India's Defence Exports Soar, with US, France and Armenia Top Buyers
1 month, 3 weeks ago

India's Defence Exports Soar, with US, France and Armenia Top Buyers

Firstpost  

India's defense exports reach a record high of $2.6 billion in 2023-24, with the US, France and Armenia ranking as the top three buyers. Armenia has emerged as India's biggest client of 'finished' weapon systems, including Akash air defense missile systems, Pinaka multi-launch rocket systems and 155mm artillery guns.

India's Defence Production Hits ₹1.27 Lakh Cr
2 months, 4 weeks ago

India's Defence Production Hits ₹1.27 Lakh Cr

Deccan Chronicle  

New Delhi:India's defence production reached a record high of ₹1.27 lakh crore in 2023-24, with exports of military hardware and weapons to over 90 countries, defence minister Rajnath Singh announced on Wednesday. The 'Make in India' programme, introduced under Prime Minister Narendra Modi’s leadership, has driven significant reforms across sectors, particularly in defence, according to Singh. He highlighted the country's …

India on course to clock defence exports worth ₹50k crore by 2028-29: Officials
4 months, 1 week ago

India on course to clock defence exports worth ₹50k crore by 2028-29: Officials

Hindustan Times  

New Delhi: India is on course to achieve its defence export target of Rs.50,000 crore in the next five years, defence ministry officials said on Sunday, citing export data shared by the government for the first quarter of financial year 2024-25. Akash missile is developed by the DRDO and produced by Bharat Dynamics Limited The data shared a day earlier …

India defence budget 2024: ₹6.21 lakh crore allocated; minister Rajnath Singh reacts
5 months ago

India defence budget 2024: ₹6.21 lakh crore allocated; minister Rajnath Singh reacts

Hindustan Times  

India has set aside ₹6,21,940 crore for defence spending in the Union Budget 2024-25 – up from last year's outlay of ₹5.94 lakh crore – finance minister Nirmala Sitharaman announced as she presented the Union Union Budget 2024 on Tuesday. The total allocation to the defence sector is 12.9 per cent of the total budget of the government of India …

Putin hosts India’s prime minister to deepen ties, but Ukraine looms over their relationship
5 months, 2 weeks ago

Putin hosts India’s prime minister to deepen ties, but Ukraine looms over their relationship

Associated Press  

Indian Prime Minister Narendra Modi met President Vladimir Putin in Moscow on Tuesday, seeking to deepen the relationship between the two nuclear powers at a time when NATO leaders gathered in Washington and Russia launched deadly missile attacks in Ukraine that hit a children’s hospital. “Our relationship is one of a particularly privileged strategic partnership,” Putin told Modi, who made …

What lies behind arms talks between India’s Modi and Russia’s Putin?
5 months, 2 weeks ago

What lies behind arms talks between India’s Modi and Russia’s Putin?

Al Jazeera  

Russia and India have a long history of collaborating on defence. India’s prime minister, Narendra Modi, is making his first visit to Russia since the invasion of Ukraine to discuss issues that include defence and weapons deals. The support would be practical but would stop short of India publicly backing Russia’s war effort. A day before Modi left for Moscow …

Build your plants in Russia, Moscow tells Indian drugmakers
6 months, 2 weeks ago

Build your plants in Russia, Moscow tells Indian drugmakers

Live Mint  

New Delhi: Sanctions-hit Russia is looking to India for drug security at a time of shortages triggered by its war in Ukraine, a government official aware of the matter said. Moscow has proposed financial support for Indian companies ready to build facilities in Russia, and is seeking higher pharmaceutical exports from India to meet domestic demand, the official said on …

EAM Jaishankar Says India’s spike in trade with Russia not a ‘temporary phenomenon
7 months, 1 week ago

EAM Jaishankar Says India’s spike in trade with Russia not a ‘temporary phenomenon

The Hindu  

India's rise in trade with Russia should not be seen as a "temporary phenomenon" as more economic opportunities are emerging, India's Foreign Minister said on Friday. India and Russia have a close relationship stretching back decades, and New Delhi has refused to condemn Moscow over its February 2022 invasion of Ukraine, urging the two sides to end the conflict through …

India 4th largest military spender in 2023, says new Sipri report
8 months ago

India 4th largest military spender in 2023, says new Sipri report

Hindustan Times  

NEW DELHI: India was the fourth largest military spender in the world in 2023 with an expenditure of $83.6 billion after the United States, China and Russia, the Stockholm International Peace Research Institute said in a report published on Monday. Pokhran: Indian military personnel during the Exercise Bharat Shakti, in Pokhran, Rajasthan, in March India’s spending was 4.2% higher than …

Diplomacy with a defence angle
8 months, 1 week ago

Diplomacy with a defence angle

Hindustan Times  

New Delhi’s move to appoint defence attachés in several foreign missions is of a piece with India’s rising economic clout and its self-perception as a leader of the Global South. A third factor that provides context to the decision is India’s focus on self-reliance in defence production, which is focussed not only on restricting imports but also on exporting Indian …

India's defence exports at all-time high: Which are the countries buying from New Delhi?
8 months, 3 weeks ago

India's defence exports at all-time high: Which are the countries buying from New Delhi?

Firstpost  

Defence Minister Rajnath Singh announced that India’s arms exports have crossed the Rs 21,000-crore mark for the first time. According to the defence minister, the arms exports touched Rs 21,083 crore in the financial year 2023-24, a “spectacular growth” of 32.5 per cent over the previous fiscal. India’s growing defence exports India supplies arms to over 85 countries, including Italy, …

India Diversified New Arms Purchases, Russia Not Main Supplier Anymore, Says Jaishankar
10 months ago

India Diversified New Arms Purchases, Russia Not Main Supplier Anymore, Says Jaishankar

ABP News  

New Delhi: External Affairs Minister S. Jaishankar has said India now has the United States, Russia, France and Israel as its main suppliers as far as new weaponry purchases are concerned while reducing its reliance on Moscow. In an interview to a German business daily, Jaishankar said New Delhi is buying oil from Russia as its traditional suppliers in the …

India sets aside ₹6.21 lakh crore for defence, announces new scheme for deep tech
10 months, 3 weeks ago

India sets aside ₹6.21 lakh crore for defence, announces new scheme for deep tech

Hindustan Times  

India on Thursday set aside ₹6.21 lakh crore for defence spending in the interim budget for 2024-25, with the defence ministry saying that the critical sector continues to receive the highest allocation among all ministries. India’s defence budget stood at ₹5.93 lakh crore last year, including a capital outlay of ₹1.62 lakh crore. “A new scheme will be launched for …

Is India's Reliance on Russian Oil Imports Reaching a Limit
1 year, 5 months ago

Is India's Reliance on Russian Oil Imports Reaching a Limit

News 18  

India’s imports of oil from Russia reached a new height as New Delhi’s daily volumes climbed to 2.2 million barrels a day in June. News18 takes a look at India’s oil trade with Russia and the future possibilities: Rapid Rise of Russian Oil India, the world’s third largest consumer of crude, bought nearly 2 million barrels per day of Russian …

Explained | Why are India-Russia trade payments in crisis?
1 year, 5 months ago

Explained | Why are India-Russia trade payments in crisis?

The Hindu  

July 09, 2023 03:45 am | Updated 04:21 pm IST The story so far: As India continues to import oil from Russia, it is getting tougher for the country to pay for it. On the one hand, it faces repercussions of breaching the oil price cap of $60 a barrel put in place by the U.S. and European nations as …

India's Campaign To Boost Rupee In Cross-Border Payments Gets Off To A Tepid Start: Report
1 year, 5 months ago

India's Campaign To Boost Rupee In Cross-Border Payments Gets Off To A Tepid Start: Report

ABP News  

In cross-border payments, India’s year-old campaign to boost the role of rupee has made little progress, citing people privy to the development news agency Bloomberg reported on Friday. The Reserve Bank of India has allowed more than a dozen banks to settle trades in rupees with 18 countries since last year and is encouraging big oil exporters such as the …

Data | Russia’s exports to India rise further, trade deficit balloons
1 year, 7 months ago

Data | Russia’s exports to India rise further, trade deficit balloons

The Hindu  

In February 2023, Russia sur­passed Saudi Arabia to be­ come the second biggest ex­porter of crude oil to India in FY23. In the four­-month period between November 2022 and Febru­ary 2023, Russia took over the top spot, while the shares of Saudi Ara­bia and Iraq in India’s oil imports are fast decreasing. Chart 1 | The chart shows the share …

New Delhi 4th biggest defence spender, Moscow jumps to 3rd spot as Ukraine war drags on
1 year, 7 months ago

New Delhi 4th biggest defence spender, Moscow jumps to 3rd spot as Ukraine war drags on

Firstpost  

Just like India, China has also increased its military expenditure, as it remains the world’s second largest spender. The SIPRI report suggests that China allocated around $292 billion in 2022, and its military expenditure has now increased for 28 consecutive years New Delhi: The Stockholm International Peace Research Institute has revealed that India’s military expenditure rose by 6 per cent …

Ukraine War Has Furthered Chances for India To Leverage Its Ties With Russia
1 year, 8 months ago

Ukraine War Has Furthered Chances for India To Leverage Its Ties With Russia

The Quint  

As per Indian figures, bilateral trade during the year 2020 was just about USD 8.1 billion, Indian exports amounted to USD 2.6 billion, while imports from Russia were USD 5.48 billion. Visiting Russian DPM Manturov who is also the trade minister, has been holding talks with his counterparts in India on a Free Trade Agreement, as well as a Bilateral …

India-Russia relationship among the 'steadiest' of major global relations: S Jaishankar
1 year, 8 months ago

India-Russia relationship among the 'steadiest' of major global relations: S Jaishankar

India TV News  

Delhi: External Affairs Minister S Jaishankar strengthened the India-Russia relationship by noting that it is among the "steadiest" of major global relations. Addressing the issue of trade imbalance while enhancing bilateral economic cooperation, Jaishankar also stressed over the Russia's resources and technology that can make a powerful contribution to India's growth. Trade ties between India and Russia are on an …

India may buy Russian crude past cap if cut by OPEC+ boosts costs - What FM said
1 year, 8 months ago

India may buy Russian crude past cap if cut by OPEC+ boosts costs - What FM said

Live Mint  

As the Ukraine-Russia war continues, much has been said about India's ongoing import of Russian oil. Now, Finance Minister Nirmala Sitharaman has indicated that the country will explore buying Russian crude oil near or past the price cap imposed by the G-7 if necessary. While India has not signed any agreement with the Western powers to impose a price cap …

India's defence exports reach all-time high of nearly Rs 16,000 crore in 2022-23
1 year, 8 months ago

India's defence exports reach all-time high of nearly Rs 16,000 crore in 2022-23

India Today  

India's defence exports reached an all-time high of Rs 15,920 crore in the financial year 2022-23, over a 10-times increase since 2016-17. The rising defence exports and participation of 104 countries in Aero India 2023 are proof of India’s growing defence manufacturing capabilities. A clear manifestation of India’s talent and the enthusiasm towards ‘Make in India.’ It also shows the …

Russia unable to honour its arms delivery commitments to India due to Ukraine war: IAF reveals
1 year, 8 months ago

Russia unable to honour its arms delivery commitments to India due to Ukraine war: IAF reveals

India TV News  

The Indian Air Force, for the first time, has acknowledged that the arms delivery from Russia is delayed due to the ongoing war with Ukraine. The matter came to light after an that due to the Ukraine war a “major delivery” from Moscow “is not going to take place.” "As far as projection is concerned, our projection last year was …

India’s Russia exports in Feb up 25% to hit pre-Ukraine war level
1 year, 9 months ago

India’s Russia exports in Feb up 25% to hit pre-Ukraine war level

Live Mint  

India’s exports to Russia have exceeded the levels before the war outbreak in Ukraine, even as the conflict in Europe drags down global trade growth. Led by engineering goods, drugs and pharmaceuticals, and organic and inorganic chemicals, India’s exports to Russia in February surged 25% from the preceding month to touch $337.58 million, commerce ministry data showed. Russia’s invasion of …

Attacked by Russia, Ukraine was world’s 3rd-largest arms importer in 2022, report says
1 year, 9 months ago

Attacked by Russia, Ukraine was world’s 3rd-largest arms importer in 2022, report says

LA Times  

A Ukrainian paratrooper aims a missile launcher at Russian positions on the front line near Kreminna, Ukraine, on Thursday. Pieter Wezeman, senior researcher with the SIPRI Arms Transfers Program, noted that, even as arms transfers declined globally last year, “those to Europe have risen sharply due to the tensions between Russia and most other European states.” He said that following …

India remains world’s top arms importer: SIPRI report
1 year, 9 months ago

India remains world’s top arms importer: SIPRI report

Live Mint  

India remained the world's top arms importer, but its imports declined by 11 per cent between 2013-17 and 2018-22, according to a report released on Monday by Stockholm-based defence think-tank SIPRI. The imports by Pakistan, the world's eighth-largest arms importer during 2018-22, increased by 14 per cent, with China as its main supplier, the report said. The report said India …

India remains biggest arms importer between 2018-22 despite drop in overall imports
1 year, 9 months ago

India remains biggest arms importer between 2018-22 despite drop in overall imports

The Hindu  

India remained the world’s largest arms importer for the five-year period between 2018-22 even though its arms imports dropped by 11% between 2013–17 and 2018–22, according to the Swedish Think Tank Stockholm International Peace Research Institute. With an 11% share of total global arms imports, India was the world’s biggest importer of major arms in 2018–22, a position it has …

Russia Is Still India's Largest Arms Supplier But Its Position Is Under 'Pressure’, Latest SIPRI Report Says
1 year, 9 months ago

Russia Is Still India's Largest Arms Supplier But Its Position Is Under 'Pressure’, Latest SIPRI Report Says

ABP News  

New Delhi: Russia continues to be the largest arms supplier of India, but its share in New Delhi’s total arms imports has come down to 45 percent during the period 2018-2022 from 64 percent earlier, according to the latest data on international transfers of major arms by the Stockholm International Peace Research Institute. With an 11 per cent share of …

India's Russian oil imports hit record high in February; now more than Iraq, Saudi put together
1 year, 9 months ago

India's Russian oil imports hit record high in February; now more than Iraq, Saudi put together

The Hindu  

India's imports of crude oil from Russia soared to a record 1.6 million barrels per day in February and is now higher than combined imports from traditional suppliers Iraq and Saudi Arabia. From a market share of less than 1% in India's import basket before the start of the Russia-Ukraine conflict in February 2022, Russia's share of India's imports rose …

75 percent of defence capital budget earmarked for domestic firms: Rajnath Singh
1 year, 10 months ago

75 percent of defence capital budget earmarked for domestic firms: Rajnath Singh

Deccan Chronicle  

NEW DELHI: In a major move to push “Make in India”, defence minister Rajnath Singh on Wednesday announced that 75 per cent of funds allocated in Union Budget 2023-24 for equipping the Army, Navy and Air Force with new weapons and technology will be spent on purchases from domestic industry. In the Union Budget, the capital outlay which goes in …

U.S. will not sanction India for buying Russian oil, say senior American officials
1 year, 10 months ago

U.S. will not sanction India for buying Russian oil, say senior American officials

The Hindu  

The United States does not intend to sanction India over its continued purchase of Russian oil, senior American officials have said, calling New Delhi one of their most “consequential” partners. Ahead of a week-long visit to India by U.S. Assistant Secretary for Energy Resources Geoffrey Pyatt, where the response to the war in Ukraine will be on the agenda, the …

India keeps aside Rs90,000 Cr in Budget 23-24 for fuel, ammo, spares with eye on China, Ukraine war
1 year, 10 months ago

India keeps aside Rs90,000 Cr in Budget 23-24 for fuel, ammo, spares with eye on China, Ukraine war

Firstpost  

This amount, which is around Rs 90,000 crore will be used for maintenance of weapons, equipment and other assets, replenishing stocks of fuel and ammunition and procurement of critical spares along with other capabilities. This amount excludes pay and other allowances New Delhi: Even as India’s defence budget saw a significant hike of around 13% for the financial year 2023-24, …

Kamal Davar | More bangs for the buck: What FM must ensure for the military
1 year, 10 months ago

Kamal Davar | More bangs for the buck: What FM must ensure for the military

Deccan Chronicle  

On February 1, Union finance minister Nirmala Sitharaman will be presenting the anxiously awaited Union Budget for the fiscal year 2023-24. Most analysts surmise that, notwithstanding the overall financial health of the nation, the defence budget owing to diverse forthcoming challenges may witness a hike of 10-15 per cent in allocations and thus be in the region of Rs 6.6 …

Budget 2023: Here's How Much Govt Has Allocated To Defence Sector In Last Five Years
1 year, 10 months ago

Budget 2023: Here's How Much Govt Has Allocated To Defence Sector In Last Five Years

ABP News  

The announcement of the Union Budget for the year 2023-2024 is just a few days away. Take A Look At The Share Of Funds Allocated To Defence Sector In The Union Budget In Last Five Years: 2018-2019 In the year 2018-19, the Ministry of Defence was allocated Rs 4,04,365 crore for expenditure across the various services, production establishments, and research …

India's Russian oil imports highest ever, makes up for 25% of all oil import
1 year, 11 months ago

India's Russian oil imports highest ever, makes up for 25% of all oil import

Hindustan Times  

India's import of crude oil from Russia increased further in December 2022, topping 1 million barrels per day for the first time ever as Moscow remained its top oil supper for the third month in a row, according to data from energy cargo tracker Vortexa. Russia, which made up for just 0.2 per cent of all crude oil India imported …

India Defence Exports Cross Rs 7,000 Crore Till Nov, Pending Major Deals to Take Figures Higher
2 years ago

India Defence Exports Cross Rs 7,000 Crore Till Nov, Pending Major Deals to Take Figures Higher

News 18  

India has achieved defence exports over Rs 7,000 crore till November 1 so far, and is looking at reaching a target upwards of Rs 15,000 crore by the end of this fiscal, showed official data accessed by News18. According to the data, India exported defence items worth Rs 7,034.84 crore till November 1 this year. Significant export orders India has …

Sanctions-hit Russia said to ask India for parts for key sectors
2 years ago

Sanctions-hit Russia said to ask India for parts for key sectors

The Hindu  

Moscow has sent India a list of more than 500 products for potential delivery including parts for cars, aircraft and trains, four sources familiar with the matter said, as sanctions squeeze Russia's ability to keep vital industries running. Russia's requests were made weeks ahead of Indian Foreign Minister Subrahmanyam Jaishankar's visit to Moscow starting November 7, two of the Indian …

India to continue buying oil from Russia as ties deepen
2 years, 1 month ago

India to continue buying oil from Russia as ties deepen

Al Jazeera  

India’s foreign minister says buying oil from its ‘steady and time-tested partner’ is economically advantageous. India will continue buying Russian oil as it is advantageous for the country, Foreign Minister Subrahmanyam Jaishankar has said during his first visit to Russia since it invaded Ukraine, in a move counter to Western efforts to cripple Russia’s economy with sanctions. India, which has …

Russia's share of India's June oil imports surges to record
2 years, 5 months ago

Russia's share of India's June oil imports surges to record

The Hindu  

India's oil imports from Russia surged to a record of about 9,50,000 barrels per day in June, accounting for almost a fifth of overall imports by the world's third largest oil consumer, data provided by trade sources showed. The higher oil intake from Russia raised its share of India's overall imports to 19.8% from 16.4% in May, and that of …

Data | India’s imports from Russia soar amid sanctions
2 years, 5 months ago

Data | India’s imports from Russia soar amid sanctions

The Hindu  

Amid international sanctions imposed against Russia after its invasion of Ukraine in February, India’s imports from Russia have soared. India’s crude oil imports from Russia surged by 286% while coal imports surged by over 345% in the January-April 2022 period. About 7.5% of India’s fuel needs in April 2022 was sourced from Russia compared to 2% or less in many …

India, the world’s biggest buyer of Russian arms, looks to diversify suppliers
2 years, 7 months ago

India, the world’s biggest buyer of Russian arms, looks to diversify suppliers

Live Mint  

India is looking to domestic firms and eastern European nations for military gear and ammunition, as the world's biggest buyer of Russian arms seeks alternative suppliers at a time when Moscow is fighting a war with Ukraine and facing sanctions. New Delhi has long talked of diversifying the suppliers to its huge armed forces, and even making more equipment at …

Defence Diary: Eyeing Rs 35,000 Crore in Export, India's Import Ban List a Good Start to Tap into Foreign Markets
2 years, 7 months ago

Defence Diary: Eyeing Rs 35,000 Crore in Export, India's Import Ban List a Good Start to Tap into Foreign Markets

News 18  

The chatter lately around India’s arms exports, which has grown louder after India clinched an impressive $375 million BrahMos Supersonic Cruise Missile deal with Philippines, drove me to the thick official data available on the subject. India exports Personal Protective Equipment, Offshore Patrol Vessels, ALH Helicopter, SU Avionics, Bharati Radio, Coastal Surveillance Systems, Kavach MoD II Launcher and FCS, Spares …

Make in India: Defence manufacturing push, projects & need explained
2 years, 7 months ago

Make in India: Defence manufacturing push, projects & need explained

The Hindu  

With India’s defence deals with Russia in a quandary amid the Russia-Ukraine war, the Centre has stressed on a renewed push for indigenous manufacturing of defence equipment, urging foreign and domestic companies alike to invest in India. In the backdrop of the India-U.S. 2+2 dialogue, Mr. Singh invited U.S. companies to invest in India, saying “US-India relationship is built on …

Russia opens weapons’ bazaar for India’s needs
2 years, 8 months ago

Russia opens weapons’ bazaar for India’s needs

Deccan Chronicle  

New Delhi: Russia can give India any defence platform and weaponry it wants, the country’s foreign minister Sergey Lavrov said on Tuesday. Speaking to an Indian TV channel, he also termed the transfer of defence technology to India as “unprecedented” among the foreign nations that India has ties with. He also hailed India’s external affairs minister S. Jaishankar as a …

India Plans Additional $2 Billion Of Exports To Sanctions-Hit Russia, Says Report
2 years, 8 months ago

India Plans Additional $2 Billion Of Exports To Sanctions-Hit Russia, Says Report

ABP News  

New Delhi: Amid the ongoing conflict between Ukraine and Russia, India is planning to boost shipments to Moscow by an additional $2 billion, quoting sources Bloomberg reported on Tuesday. According to the report, India is looking to export products supplied by countries who have stopped shipments after US and its allies imposed sanctions on Russia. India has come under severe …

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