Russian President Vladimir Putin and Indian Prime Minister Narendra Modi agreed on Friday to expand and diversify trade beyond oil and defence despite Western pressure on New Delhi to scale back its decades-old close ties with Moscow.
India, the world's top buyer of Russian arms and seaborne oil, has rolled out the red carpet for Putin during his two-day state visit, his first to New Delhi since Russia's invasion of Ukraine in 2022.
The trip coincides with New Delhi's talks with the U.S. on a trade deal to cut punitive tariffs imposed by President Donald Trump on its goods over India's purchases of Russian oil.
Russia has said it wants to import more Indian goods in an effort to grow trade to $100 billion by 2030. It has so far been skewed in Moscow's favour due to New Delhi's energy imports.
Describing India's enduring partnership with Russia as "a guiding star", Modi said: "Based on mutual respect and deep trust, these relations have always stood the test of time."
"...we have agreed on an economic cooperation programme for the period up to 2030. This will make our trade and investment more diversified, balanced, and sustainable," he told reporters, with Putin by his side.
Modi, who warmly embraced Putin on the airport tarmac when he arrived on Thursday, also reiterated India's support for a peaceful resolution to the war in Ukraine.
Putin said Russia would continue to ensure "uninterrupted fuel supplies" to India, signalling a defiant stance in the face of U.S. sanctions, and also flagged a project underway to build India’s largest nuclear power plant at Kudankulam.
A large business and government delegation has accompanied Putin. Among the deals signed, the two countries agreed to help Indians move to Russia for work, to set up a joint venture fertiliser plant in Russia, and boost cooperation in agriculture, healthcare and shipping.
They also agreed to reshape their defence ties to take account of New Delhi's push for self-reliance through joint research and development, as well as the production of advanced defence platforms.
In an interview with broadcaster India Today aired late on Thursday, Putin challenged U.S. pressure on India not to buy Russian fuel.
"If the U.S. has the right to buy our (nuclear) fuel, why shouldn't India have the same privilege?" he said, adding that he would discuss the matter with Trump.
Energy trade with India is "running smoothly" despite a minor dip in the first nine months of 2025, he said.
India has said Trump's tariffs are unjustified and unreasonable, noting continued U.S. trade with Moscow. The U.S. and European Union still import billions of dollars worth of Russian energy and commodities, ranging from liquefied natural gas to enriched uranium, despite economic sanctions.
U.S. President Donald Trump threatened Iran with renewed military action on Sunday if Tehran-backed Hezbollah continues attacks from Lebanon, even as ...
Britain's Observer newspaper reported that Prime Minister Keir Starmer is expected to resign on Monday and outline a timetable for his departure. ...
More than 41 million Colombians headed to the polls on Sunday to decide whether the country will continue the left-wing policies of President Gustavo ...
Turkish President Recep Tayyip Erdoğan has instructed officials to resume discussions on reopening the historic Halki Seminary near Istanbul, a long-...
Bolivia showed signs of returning to normality on Sunday after President Rodrigo Paz declared a state of emergency to end a 50-day social crisis that ...
U.S. President Donald Trump threatened Iran with renewed military action on Sunday if Tehran-backed Hezbollah continues attacks from Lebanon, even as Vice President JD Vance held the first talks with Iranian officials under a week-old peace agreement in Switzerland.
More than 41 million Colombians headed to the polls on Sunday to decide whether the country will continue the left-wing policies of President Gustavo Petro or elect conservative outsider Abelardo De La Espriella in a closely watched presidential runoff.
Turkish President Recep Tayyip Erdoğan has instructed officials to resume discussions on reopening the historic Halki Seminary near Istanbul, a long-standing issue that was raised by U.S. President Donald Trump ahead of an expected NATO summit visit to Ankara next month.
Bolivia showed signs of returning to normality on Sunday after President Rodrigo Paz declared a state of emergency to end a 50-day social crisis that had paralysed transport networks across the country.
A train driver has been killed and nine people remain in a critical condition in hospital, after two trains collided near Beford in the east of England on Friday. The passenger trains heading to London collided at around 17:15 local time (1615 GMT).
Morocco captain and PSG defender Achraf Hakimi will face trial in France after an appeals court ruled there was enough evidence for the case to proceed.
A magnitude 5.8 earthquake struck southwest of Greece’s island of Crete on Saturday, with no immediate reports of damage.
Paraguay kept their World Cup hopes alive with a hard-fought 1-0 victory over Türkiye, but the celebrations were tempered by a costly red card for veteran forward Miguel Almirón.
Israel and Hezbollah have agreed to a ceasefire, a senior U.S. official has said. Hezbollah has released a statement saying Israel must leave southern Lebanon. Israel has said it agrees to the ceasefire, but has said its armed forces won't leave Lebanon and will resume hostilities if attacked.
More than 41 million Colombians headed to the polls on Sunday to decide whether the country will continue the left-wing policies of President Gustavo Petro or elect conservative outsider Abelardo De La Espriella in a closely watched presidential runoff.
Britain's Observer newspaper reported that Prime Minister Keir Starmer is expected to resign on Monday and outline a timetable for his departure.
Turkish President Recep Tayyip Erdoğan has instructed officials to resume discussions on reopening the historic Halki Seminary near Istanbul, a long-standing issue that was raised by U.S. President Donald Trump ahead of an expected NATO summit visit to Ankara next month.
Bolivia showed signs of returning to normality on Sunday after President Rodrigo Paz declared a state of emergency to end a 50-day social crisis that had paralysed transport networks across the country.
Ukraine's improved position on the battlefield has done little to ease the humanitarian crisis affecting millions of people displaced by the conflict, according to the head of the International Rescue Committee (IRC).
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment