India, Putin and Russian President
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By Manoj Kumar, Shivam Patel and Sarita Chaganti Singh NEW DELHI, Dec 4 (Reuters) - Russian lenders Gazprombank and Alfa Bank have sought clearance to begin operating in India, four people familiar with the matter said,
According to Putin, the global oil market has rebalanced after Western price caps and sanctions, creating opportunities for non-Western buyers. “If the market changes, buyers respond. That is not politics — that is economics,
The submarine will be leased for a 10-year period and will not be deployed in combat. Instead, it will serve as a training and operational support platform to help India develop its own nuclear submarine capability.
India and Russia already collaborate on the BrahMos missile, licensed-production of Sukhoi aircraft, and maintenance of legacy platforms.
Prime Minister Narendra Modi is set to host a lunch for the Russian President at Hyderabad House around 2 PM on Friday
The two countries are looking to strengthen trade ties and are likely to sign bilateral interdepartmental and business agreements during Putin's visit.
Defence Minister Rajnath Singh on Thursday said that Russia remains India's strategic partner in technology and defence despite the recent geopolitical developments.