Try GOLD - Free

Russia’s top strategic partner

Financial Express Delhi

|

December 09, 2025

PUTIN'S VISIT WILL PROBABLY INCREASE TRADE, BUT NOT AT THE EXPENSE OF CHINA

- ANITA INDER SINGH

DESPITE THE HUGS and hyperbole at the first India-Russia summit to be held since Moscow invaded Ukraine in February 2022, Russia’s top strategic priority remains China, not India.

The meetings between Prime Minister Narendra Modi and President Vladimir Putin on December 4 and 5 carried significant diplomatic and strategic weight, as arms, oil, and trade stood out in their discussions.

Arms supplies

Russia’s arms supplies to India have stood out in their relationship for some 50 years, and it remains India’s largest weapons retailer. But India was trying to diversify its arms sellers even before 2022, and Russia currently supplies about 36% of India’s weapons, with France and Israel in the second and third places respectively.

Russia’s war in Ukraine explains why deliveries of arms and spare parts to India have stalled over the last three years. It has failed to deliver two instalments of the S-400 Triumf missile, which India ordered in 2018, and which Modi hailed for its performance in the anti-terrorist Operation Sindoor against Pakistan last May. Moscow has subsequently said it will deliver them in 2026-27, but that remains to be seen. Meanwhile, India is reportedly keen to buy the more advanced S-500 and Su-57 fighter aircraft. But Delhi must contend with the fact that Russia is bogged down in Ukraine, which Moscow wants to conquer. This intention will not change and will continue to affect Russia’s weapons deliveries to India.

MORE STORIES FROM Financial Express Delhi

Financial Express Delhi

Credit growth at 1-year high

BANK CREDIT GROWTH touched 11.53% for the fortnight ended November 28, 2025, marking the strongest lending momentum in 12 months, reports Mahesh Nayak.

time to read

1 min

December 13, 2025

Financial Express Delhi

EU to freeze Russian assets

THE EUROPEAN UNION looked set on Friday to indefinitely freeze Russian central bank assets held in Europe, removing a big obstacle to using the cash to help Ukraine defend itself against Moscow's invasion.

time to read

1 min

December 13, 2025

Financial Express Delhi

Govt speeds up visa for Chinese professionals

• Processing time less than 1 month now; China sees ‘positive action’

time to read

1 min

December 13, 2025

Financial Express Delhi

ICICI Pru AMC issue booked 72% on first day

THE INITIAL PUBLIC offering (IPO) of ICICI Prudential AMC, the second-largest mutual fund house by assets, was subscribed 72% on the first day of the bidding on Friday.

time to read

1 min

December 13, 2025

Financial Express Delhi

Reforms engine gathers steam

CABINET APPROVES BILL TO HIKE INSURANCE FDI TO 100%

time to read

1 min

December 13, 2025

Financial Express Delhi

Gauging AI impact on growth, job losses

While offering a starting framework, two Niti Aayog reports overlook the potential of AI as a digital public infrastructure good

time to read

4 mins

December 13, 2025

Financial Express Delhi

INITIATIVE TO COVER CRITICAL MINERALS, CHIPS India left out of US-led supply chain coalition

A NEW US-LED strategic initiative, Pax Silica, which aims to build a secure supply chain ranging from critical minerals and energy inputs to advanced manufacturing and semiconductors, does not include India.

time to read

2 mins

December 13, 2025

Financial Express Delhi

'Global norms ensure domestic crypto investor safety'

The long-term goal of Binance Holdings, the world’s largest crypto exchange in terms of volumes, is to become a collaborative partner for India’s blockchain and digital asset ecosystem, SB Seker, head of the Asia-Pacific region, an interview.

time to read

2 mins

December 13, 2025

Financial Express Delhi

Food inflation in negative zone for sixth month

RETAIL FOOD INFLATION remained in the negative zone for the sixth consecutive month in November when it came in at (-) 3.91%, largely driven by base effect and subdued prices of vegetables, cereals, pulses, meat, eggs and spices.

time to read

1 min

December 13, 2025

Financial Express Delhi

Think tank Bharat Ki Soch launched

BHARAT KI SOCH, a new think tank on ancient Indian wisdom for contemporary challenges has been launched.

time to read

1 min

December 13, 2025

Listen

Translate

Share

-
+

Change font size