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    Russia - India Strategic Relationship: News

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    George1
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    Re: Russia - India Strategic Relationship: News

    Post  George1 on Wed Dec 17, 2014 3:07 pm

    India to lease second Russian nuclear submarine — media

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    Re: Russia - India Strategic Relationship: News

    Post  George1 on Sat Dec 20, 2014 3:53 pm

    Russian-Indian Joint Military Projects to Boost Delhi's Defense Industry

    Russia will help India to renew its aging military hardware, providing the country with its most advanced technologies. Russian-Indian joint military projects will help India to bolster its defense industry.

    MOSCOW, December 19 (Sputnik), Ekaterina Blinova – Russia will provide India with its most advanced weapons and technologies in order to renew Delhi's aging military hardware; since the countries have launched joint military projects, India has obtained new opportunities on the weapons market.

    "Russia wants early inking of the final R&D contract for the joint fifth-generation fighter (FGFA) project, in which India will invest $5.5 billion to develop a stealth fighter. India will spend around $25 billion on 127 such fighters, to be built domestically, in the FGFA project," the Times of India reported.

    India will also assemble 400 Russian Ka-226T helicopters a year. The deal is important to India, since the country needs to upgrade its aging military hardware.

    "I am pleased that Russia has offered to fully manufacture in India one of its most advanced helicopters. It includes the possibility of exports from India. It can be used for both military and civilian use. We will follow up on this quickly," Indian Prime Minister Narendra Modi said in an official statement as quoted by Defense News.

    Russia is also ready to provide India with its Akula-II class nuclear-powered submarines, which will bolster India's capability to maintain control over its territorial waters in the Indian Ocean amid growing geopolitical tensions in the region.

    Bloomberg notes that India acquired its first nuclear submarine costing $1 billion from Russia in 2012. Delhi is intended to renew its old diesel-power fleet of submarines, since "half of them were commissioned in the 1980s."

    It should be noted that India has always been one the biggest Russia's defense customer. The Times of India points out that Russian-Indian arms deals included "refit of aircraft carrier Admiral Gorshkov or INS Vikra maditya ($2.33 billion), six Talwar-class stealth frigates (almost $2 billion), 272 almost $2 billion), 272 Sukhois (project cost over $12 billion), 45 MiG-29Ks ($2 billion), 139 Mi-17 V5s helicopters (over $2 billion)."

    "Russia will remain our most important defense partner," Prime Minister Narendra Modi underscored during his meeting with Vladimir Putin earlier this month, pledging to deepen the defense cooperation.

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    Re: Russia - India Strategic Relationship: News

    Post  George1 on Mon Dec 22, 2014 10:33 pm

    Hindustan Aeronautics Ltd Named Partner in Russia-India Helicopter Deal

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    Re: Russia - India Strategic Relationship: News

    Post  Sujoy on Wed Dec 24, 2014 3:46 pm

    INDIA TO CONSTRUCT PHARMACEUTICAL PLANT IN CRIMEA


    The Crimean administration has been conducting negotiations with the Indian investors on the construction of a pharmaceutical plant in Crimea, Head of the Crimean administration Sergey Aksyonov told a news conference on Tuesday which summed up the results achieved in the outgoing year.

    "We have reached an agreement with the Indian side that we will jointly build a pharmaceutical plant. After a memorandum on the project was signed a delegation from India decided to visit Crimea," Aksyonov said. "We insist that we should produce medicines ourselves, rather than import them from elsewhere," he said.

    A preliminary agreement on the construction of a pharmaceutical plant in Crimea was reached during a recent visit of a Crimean delegation to India. "The negotiations will be continued during a visit of the Indian delegation to Crimea due soon," Aksyonov said.

    "A Memorandum of understanding with the organization of Indian-Crimean Partnership was signed during a recent visit by the head of the Crimean administration to India; during the visit an agreement was reached that a group of Indian businessmen and journalists would visit Crimea in the near future," Russia's presidential envoy to Crimea Georgy Mamedov told TASS earlier. "Crimea as a member of the Russian Federation has been looking for partners for the realization of investment projects on its territory, exchange of opinions and creation of a convenient business environment," the presidential envoy said then.

    http://itar-tass.com/en/russia/768802

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    Re: Russia - India Strategic Relationship: News

    Post  Austin on Fri Dec 26, 2014 7:43 am

    Like days of yore

    The 2014 India-Russia summit in New Delhi yields a raft of substantive agreements between the two countries. By JOHN CHERIAN

    RUSSIAN President Vladimir Putin was in New Delhi in the second week of December to participate in the India-Russia summit. The summit, held alternatively in the Indian and Russian capitals, has become an annual event since 2000. President Putin and Prime Minister Atal Bihari Vajpayee signed the historic Declaration on Strategic Partnership that year. Though Putin was in the Indian capital for only a day, the 2014 summit has yielded a raft of substantive agreements. The Russian Ambassador to India, Alexander Kadakin, said Russia-India summits need not be preceded by protocol or long discussions as their friendship was tried and tested. He particularly welcomed India’s support for “multipolarity” in international affairs.

    The summit was held against the background of rising tensions between Moscow and Washington over Ukraine and the imposition of tough sanctions on Russia by the United States and some of its Western allies. At the G20 summit in November, there was an orchestrated attempt by the West to isolate Russia. Some European leaders talked openly about the possibility of a new war with Russia. After the events in Ukraine, a new nuclear arms race seems to be on the verge of being started. Both Russia and the U.S. have increased their testing of new missiles.

    In view of the open hostility exhibited by the West, Moscow has pivoted its attention to the East. In recent months, Russia has signed huge energy deals with countries such as China and Turkey. The energy deals worth around $800 billion with China will see 30 billion cubic metres of Russian gas being sold annually to that country.

    During a visit to Turkey in the first week of December, Putin announced the cancellation of the “South Stream” gas pipeline project that would have supplied Russian gas to southern Europe. Instead, Russia has signed a groundbreaking deal with Turkey under which Russian gas will now be routed through Turkey to the European and Asian markets, sidestepping the European Union (E.U.). Important E.U. nations such as Germany and Italy are dependent on gas from Russia to keep their economies ticking.

    “We will reroute the flow of our energy resources to other regions in the world, including through the promotion and accelerated implementation of projects for liquefied natural gas,” Putin said in a recent speech to the Russian Parliament. Turkey, like India, has rejected American and European sanctions on Russia over the Ukraine issue.

    Energy sales by Russia to China and Turkey will be much below the current market prices. Southern Europe, on the other hand, will have to pay 30 per cent more to source its gas from other sources after the surprise announcement of the cancellation of the South Stream project. Turkey’s coming on board also means that the Turkish government has now started looking East for political and economic succour. Turkey is a member of the North Atlantic Treaty Organisation (NATO) and has been waiting in line for decades to become a full-fledged E.U. member.

    ‘Reliable partner’


    Putin, from all available indications, seems to have got an assurance from the new Indian government that it will not side with the West on the Ukraine issue and its policy of imposing unilateral sanctions on countries. Prime Minister Narendra Modi assured the Russian President in New Delhi that India would continue to be a “time tested and reliable partner” of Russia. He recalled the “steadfast support of the Russian people” during the “difficult moments” of the country’s history. He reiterated India’s commitment to stand by Russia “through its own challenges”.

    The joint vision document released during the Putin visit stated that both countries did not recognise the unilateral economic sanctions imposed on Russia by some countries without the approval of the United Nations. New Delhi did not object to the presence of the Crimean Prime Minister, Sergey Aksyonov, in the Russian President’s delegation. Putin has thanked the Indian government for supporting Russia’s “legitimate” claim to the Crimean peninsula.

    Defence deals

    To further gladden Russian hearts, Modi pledged that Russia would continue to remain the country’s most important defence partner even if “India’s options have increased”. Russia was not too happy with the huge defence orders India had placed in recent years with the U.S., France and Israel. Russian officials feel that they were not given a level playing field. America is fast closing the gap with Russia in the supply of military hardware to India. Israel and France also bagged big defence deals during the 10-year rule of the United Progressive Alliance.

    Michael Kugelman, who specialises on South Asia at the Woodrow Wilson Centre in the U.S., told The Washington Post that Modi was expected to indulge in “pro-Russian rhetoric” during the Putin visit. He, however, predicted that with President Barack Obama’s visit to New Delhi due in January, the rhetoric “will give him cover to quietly intensify relations with Washington”.

    Speaking to the media just ahead of Putin’s visit, the Russian Ambassador said that Russia was the first country to implement a “make in India” policy in the field of defence production. He said that today even the SU-30s, the backbone of the Indian Air Force, were “made in India”. The Russian side has agreed to produce Mi-17 medium lift and Ka-226 light utility helicopters in India in partnership with an Indian firm.

    Russia has indicated that it would like to locate other aerospace projects too in India. Russia has offered to produce civilian passenger planes. The two sides have agreed to move ahead on the long-delayed projects to jointly develop a fifth-generation fighter jet and a multi-role transport aircraft. Russian officials said that India’s “Act East” policy would open newer vistas for cooperation between the two countries. Russia considers itself a Eurasian country. Much of its land mass is in Asia.

    Before Putin’s visit, the Indian side had signalled its displeasure on the Russian government’s willingness to sell military hardware to Pakistan. Russian Defence Minister Sergei Shoigu was in Islamabad in November. This was the first-ever visit by a Russian Defence Minister to the country to sign a military cooperation agreement. The Russian Ambassador to India has claimed that no firm deal has been struck with Pakistan for the sale of military helicopters.

    Until recently, Russia, in deference to the wishes of its close strategic ally India, had abstained from selling arms to Pakistan. But with India sidelining Russia and going in for multibillion dollar deals with the West and Israel, there evidently has been a rethink in Moscow. The U.S. is the biggest supplier of military aid and weaponry to Pakistan, but New Delhi has no problems doing military deals with Washington. “What is wrong in selling helicopters to Pakistan which India does not want to buy?” Kadakin said. He was speaking a day before the arrival of the Russian President. The Russian Ambassador said that his country would never do anything “detrimental” to the security interests of India. “Improving relations with Pakistan is a separate issue,” he said.

    Russia evidently feels that Pakistan will be playing a key role in Afghanistan in the coming years. “We have a stake in Afghanistan,” Kadakin said, indirectly emphasising the role Pakistan was likely to play in the fast-changing political and military scenario in Afghanistan. The joint statement released in Islamabad during the Russian Defence Minister’s visit stated that it had “come at a very crucial juncture when U.S.-NATO forces are drawing down from Afghanistan by the end of 2014”. The statement said that apart from “promoting bilateral defence relations, the visit will enable both countries to join hands and bring peace and stability to the region”.

    From the Indian point of view, the most important takeaway from the Putin visit was the announcement that Russia would be constructing an additional 12 new nuclear reactors in the country by 2035. Russia will start by building two more nuclear reactors in Kudankulam, Tamil Nadu, by 2016. This is in addition to the two reactors that are expected to go on stream very soon.

    The Russian side, in fact, was ready to build up to 24 nuclear reactors in India, but the Indian side wants to keep the lucrative contracts for nuclear reactors to be shared by some of its other “strategic partners” like the U.S., France and Japan. But unlike these three countries, Russia has not made much of a fuss about India’s “nuclear liability law” though the Russians too would like the law to be either scrapped or diluted. The Bharatiya Janata Party government seems to have sent some strong signals to nuclear-supplier countries that such a move is in the offing.

    Another key agreement inked during Putin’s visit was the $2.1 billion deal to directly source raw diamonds from Russia. India is the biggest manufacturer of cut and polished diamonds. Gujarat is the centre of India’s diamond industry and the businessmen in the State will be the major gainers from the deal.

    Chinese President Xi Jinping, during his visit to India, also chose Gujarat for favourable treatment. Many Chinese industries have announced that they would set up shop in the Prime Minister’s home State. India currently sources most of the diamonds from Dubai and the West.

    There were no hydrocarbon deals on the scale which Russia has signed with China and Turkey during Putin’s visit. Geographical distance is, of course, a factor, though the Russians are looking at the feasibility of extending one of their gas pipelines in China to India. Before his India visit, Putin had observed that shipping liquefied natural gas (LNG) from Russia would be cheaper than constructing a pipeline to carry gas to India.

    A more modest agreement between India’s Essar and Russia’s Rosneft was signed for the long-term supply of 10 million tonnes of crude oil at a concessional rate. Negotiations are on for oil and gas exploration projects by the Oil and Natural Gas Corporation (ONGC) in the Arctic region and East Siberia. More than 60 per cent of India’s oil imports are sourced from West Asia. The quantity imported from Russia is less than 1 per cent. There is a need for India to diversify its sources as the demand for energy rises domestically.

    Both sides agreed on the urgency to boost bilateral trade, which languishes at a paltry $10 billion annually. To boost trade and investment, the Russian side has liberalised visa rules for Indian businessmen and professionals. To facilitate investment growth, the two countries are working out modalities for rupee-rouble trade. The BRICS (Brazil, Russia, India, China and South Africa) countries have agreed in principle to bypass the U.S. dollar and trade mainly in their own currencies.

    The next important visitor to New Delhi will be the U.S. President. The Indian Prime Minister’s rhetoric will be under intense scrutiny as he tries a diplomatic balancing act between Washington and Moscow. India may be having a “special and privileged partnership” with Russia, but it also has a “broad strategic and global partnership” with the U.S. The U.S. is also “a principal partner in the realisation of India’s rise”.

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    Re: Russia - India Strategic Relationship: News

    Post  George1 on Tue Jan 06, 2015 12:03 am

    Russian, Indian scientists to develop project for chemicals and fuel production
    Economy
    January 05, 10:46 UTC+3

    NEW DELHI, January 5. /TASS/. Russian and Indian scientists will team up to develop within a 3-year period a project for a bio-refinery for chemicals and fuel production from biomass and to meet the dwindling reserves of crude oil supplies, representatives of the Institute of Catalysis, Siberian Branch of the Russian Academy of Sciences (RAS), Novosibirsk, Russia, and India’s Tamil Nadu Agricultural University (TNAU) said on Monday at a joint news conference in Coimbatore (south of India).

    The Russian Ministry of Science and Education and Indian Ministry for Science and Technology act as co-investors of the unique project of an oil refinery that uses for processing not oil, but cellulose fibre. Of the total investment volume of 37 million rupees (some $600,000) planned for the next 3 years Russia will account for 30 million rupees ($490,000) and India - for 7 million rupees ($110,000).

    This joint project aims at the development of scientific bases of an integrated, highly sustainable and energy efficient bio-refinery for the local lignocellulosic (crops/wood) feedstocks. TNAU Rector Dr. K. Ramasamy said increased concern over security of oil supply and the negative impact of fossil fuels on the environment, particularly greenhouse gas emissions, has put pressure on the society to find renewable fuel alternatives.

    “India, being a tropical country, receives more than 12 hours of intense sunlight per day, which allows its nature to generate a huge amount of biomass,” Dr. K. Ramasamy said. “This cheap raw material can be successfully used for the production of chemical ingredients and fuel for transport vehicle, and we hope to successfully fulfil this task with the help of Russian colleagues in the near future.”

    Representative of the RAS Siberian Branch Institute of Catalysis, Doctor of Chemistry Oksana Taran for her part said that “harmonious work of two countries’ team of specialists will not only make it possible to extract wealth from waste, but also to develop innovative technologies that can highly enrich the Russian and Indian economies.”

    The further bilateral scientific exchanges will help the two sides to develop some innovative technologies for getting fuels and chemicals form biomass, they said.

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    Re: Russia - India Strategic Relationship: News

    Post  George1 on Sat Jan 24, 2015 7:12 pm

    Indian STC Interested in Long-Term Contracts for Russian Goods, Envoy Says

    India says that the Indian State Trading Corporation is interested in long-term supplies of Russian goods.

    NEW DELHI, January 23 (Sputnik) – The Indian State Trading Corporation (STC) is interested in long-term supplies of Russian goods, Yaroslav Tarasyuk, Russia's trade representative in India told RIA Novosti Friday.

    "We had a meeting with representatives of [the Indian] State Trading Corporation recently, which is also exploring the possibility of long-term contracts for the supply of goods from Russia," the envoy said.

    Envoy Says Russian, Indian Companies Discussing Meat Supply Amid Moscow's Food Embargo
    In December 2014, Russian oil giant Rosneft and India's largest oil manufacturing company Essar signed a 10-year contract to deliver 10 million tons of oil annually to India.

    The Indian-based STC has been engaged in international trade for over 50 years. Until the 1990s, the company mainly traded agricultural commodities, such as rice, wheat, castor oil and sugar. In recent years, the company has expanded its area of interest. Currently, the STC also trades hydrocarbons, fertilizers, petrochemicals and metals.

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    Re: Russia - India Strategic Relationship: News

    Post  George1 on Mon May 11, 2015 2:21 pm

    Cultural Exchange Important for Russia-India Partnership – Indian President

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    Re: Russia - India Strategic Relationship: News

    Post  George1 on Fri May 15, 2015 9:00 pm

    Rosatom Confirm Work at India's Kudankulam Nuclear Energy Plant On Schedule

    Rosatom Deputy Director Alexander Lokshin said that second energy block of India’s Kudankulam Nuclear Power Plant will go on line this summer.

    YELABUGA (Sputnik) – The second energy block of India’s Kudankulam Nuclear Power Plant will go on line this summer, Rosatom Deputy Director Alexander Lokshin said Friday.

    “The second block [will go on line] this year, but doesn’t just depend on us, it also depends on the Indians, but as far as I know, this will be according to the current plans,” Lukshin told journalists in the city of Yelabuga in Russia’s Republic of Tatarstan.

    The Kudankulam NPP’s first block went on line at the end of 2014 and is the most powerful nuclear energy facility in India and is being constructed under Russian technical assistance.

    “We’re not conducting the construction [of the power plant], the Indians are so they’ll define the schedule, but it will be this year for certain,” Lokshin added.

    Read more: http://sputniknews.com/business/20150515/1022179913.html#ixzz3aEe32tBr

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    Re: Russia - India Strategic Relationship: News

    Post  George1 on Fri Jun 05, 2015 10:37 am

    India to study prospects of oil and gas pipeline supplies from Russia

    NEW DELHI, June 4. /TASS/. India intends to explore the feasibility of oil and gas pipeline supplies from Russia, India’s Ministry for Petroleum and Natural Gas said on Thursday after the meeting between Indian Minister Dharmendra Pradhan and Russian Energy Minister Alexander Novak in Vienna.

    "It was agreed to conduct a joint study at an early date for exploring feasibility of crude and gas pipelines from Russia to India," the India’s ministry said.

    Russia sees huge potential for pipeline gas supplies to India — energy minister

    "India showed interest to import LNG and crude from Russia," the ministry added.

    The two sides also reviewed existing Indian investment projects in Russia and discussed possibility of working together in exploration and production sector, the ministry said.

    Russia sees a huge potential in India for pipeline gas supplies, Energy Minister Alexander Novak said earlier in an interview with Russia Today TV channel.

    "The potential is huge because as of today India consumes a relatively small volume of gas and a large part of the population needs modern energy consumption services. I think, in terms of energy resources consumption India will be growing faster than any other country. That is why the potential is huge there both in terms of natural gas supplies and liquefied natural gas supplies," Novak said.

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    Re: Russia - India Strategic Relationship: News

    Post  George1 on Wed Jul 08, 2015 6:25 pm

    Moscow, Delhi Agree to Deliver 10 Mln Tons of Oil to India Annually


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    Re: Russia - India Strategic Relationship: News

    Post  Austin on Sun Aug 16, 2015 10:26 am

    Welcome to Join discussion here , Need people with more knowldge of Russia

    http://forums.bharat-rakshak.com/viewtopic.php?f=1&t=3689&start=2960

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    Re: Russia - India Strategic Relationship: News

    Post  Werewolf on Sun Aug 16, 2015 1:10 pm

    Austin wrote:Welcome to Join discussion here , Need people with more knowldge of Russia

    http://forums.bharat-rakshak.com/viewtopic.php?f=1&t=3689&start=2960

    Sorry Austin but reading this garbage, i would safely assume that is a lost cause.

    Mort Walker:^^^No. You need to see how many skin heads and neo-Nazis are in Russia, and the number of incidents for a country less than 150 million. It is not a case of "he said, she said", but actual facts as opposed to the drain inspector reports and propaganda thrown up here from RT and the same disreputed UK newspapers. There are several resources, so Google it.

    Russia supports India as long as India has the cash to pay up front and to leverage India's talent. The reality is, as India is an operator of much of Russia/Soviet equipment, it has made it more reliable than the Russians themselves. Yes, Russia is a corrupt 3rd world country. Only India's Congress party could be more envious of Putin and his cronies.

    Mort Walker:
    1. No one is advocating the JSF over the PAKFA for the IAF. That said, how much has been paid to Russia for the PAKFA development, and where are we in the program? More money is needed.
    2. Brahmos is mostly Indian as well as the Arihant. The Russian contribution is minimal.
    3. There are race baiters in the US, but Russia has a very high disproportional number of them. Just in numbers and in per capita they are too high to make it a safe place for colored peoples.
    4. No one is painting the US as the savior of the Indian people, but Russia is in fact a corrupt 3rd world country. It offers a few things, but we can not let us get carried away with it. This thread was going in that direction. The Russia after WWII is gone, it is a different place and its disposition toward India has changed too. Don't expect any more help from them and it is better to be realistic.

    Sorry, i find my personal time to prescious to trying to bring some light to this lost cave called Mort Walker.

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    Re: Russia - India Strategic Relationship: News

    Post  Austin on Sun Aug 16, 2015 1:38 pm

    Mort Walker is just an American and there are many Indian-American out there who does not want Russia relation with India to grow but its a lost cause.

    At the Government level both have stated many times relation and business will just grow.

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    Re: Russia - India Strategic Relationship: News

    Post  Werewolf on Sun Aug 16, 2015 2:02 pm

    Austin wrote:Mort Walker is just an American and there are many Indian-American out there who does not want Russia relation with India to grow but its a lost cause.

    At the Government level both have stated many times relation and business will just grow.

    That is what i've expected, good thing indians at least from perception the majority does not uphold such pro-US views and anti-russian views with such distorted view like that one guy i remember who said the russians learned from india how to make tanks or like that guy because only thing that russia uses india for is money, but US is a partner that sees india as an equal and cares about india and not the money...

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    Re: Russia - India Strategic Relationship: News

    Post  Austin on Sun Aug 16, 2015 5:57 pm

    Lot of heart burn among the Americans that India still sticks to Russia when it comes to strategic issues and have joined BRICS and SCO.

    US Lost MMRC inspite of having 2 US Aircraft in competition.

    With Modi in power you can expect India-Russia strategic relation will grow

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    Re: Russia - India Strategic Relationship: News

    Post  RTN on Sun Aug 16, 2015 9:32 pm

    Werewolf wrote:Sorry Austin but reading this garbage, i would safely assume that is a lost cause.

    I hope people reading your posts do not arrive at the same conclusion about this forum.

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    Re: Russia - India Strategic Relationship: News

    Post  George1 on Fri Aug 21, 2015 1:55 am

    India-Russia TV Agreement Has Potential Audience of 700 Mln


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    Re: Russia - India Strategic Relationship: News

    Post  GarryB on Sat Aug 22, 2015 9:34 am

    I hope people reading your posts do not arrive at the same conclusion about this forum.

    well he does have a point... I mean if someone can get away with saying Brahmos is an Indian missile with minimal Russian input... It is pretty much a Yakhont with upgraded electronics... in other words a downgraded Onyx with modern electronics...

    Might as well say the Su-30MKI is French and Israeli.


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    Re: Russia - India Strategic Relationship: News

    Post  Austin on Thu Aug 27, 2015 4:45 pm

    Help Russia during testing time of sanctions, Rostec appeals to Modi government

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    Re: Russia - India Strategic Relationship: News

    Post  Pinto on Thu Aug 27, 2015 5:11 pm

    Time has come for India to show her gratitude to the Russia and its people by standing with its time tested friend.

    India has made some positive moves by joining SCO, BRICS and also on Crimea issue thumbsup. BUT MORE NEEDS TO BE DONE to make our relations with Russia truly exclusive

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    Re: Russia - India Strategic Relationship: News

    Post  GarryB on Fri Aug 28, 2015 10:50 am

    India has already done a lot for Russia over the last few decades, they don't need to prove themselves good allies and vice versa.

    Russia and India don't need an exclusive relationship... they do need to be wary about outside forces trying to drive a wedge between them however.


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    Re: Russia - India Strategic Relationship: News

    Post  higurashihougi on Fri Aug 28, 2015 11:38 am

    Actually Russia-India military relationship just has been warmed recently. Because in the Korean War, India chose the side of South Korea against North Korea and that made Russia feel uneasy. Although shortly after than India began to lean more and more towards Russia, Russia still felt skeptical.

    That is the reason why Russian weapons only found it way into Indian market recently. First is some amount of MiG-21/23. Then some T-72. Then after 1991 Russia began to sell AK 7,62mm, T-72, Su-30MKI, etc etc.

    In short, just only until the late period of XX century India began to rapidly replace their Western weapons with Russian weapons. However, it is clear that Russian weapons is dominating and will dominate Indian market for sure.

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    Re: Russia - India Strategic Relationship: News

    Post  Austin on Tue Sep 01, 2015 10:55 am

    Russia still has a role

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    Is Russia shifting focus from China to India for its oil barrels ?

    Post  Pinto on Mon Sep 14, 2015 8:46 am

    With China's economy on the backburner, and its oil fields on the US sanctions list, Russia is all set to sell its oil to India, a Business Insider report has said.

    The decision got the breath of life in December 2014 when Prime MinisterNarendra Modi met with Russian President Vladamir Putin with oil, hydrocarbons, nuclear energy and defence sectors in focus, soon translated into a bilateral trade agreement with a target of $30 billion by 2025, and oil deals from Russia with Indian oil suppliers.

    At the December summit, India-Russia's bilateral trade was pegged at a target of $30 billion by 2025. The CII had said that it was convinced that the two countries will be able to achieve the target.


    “The Druzhba-Dosti joint statement of President Putin and Prime Minister Modi in December 2014 sets the stage for expansion of the bilateral economic engagement in many dimensions, including trade, investment, defence, and energy," President CII Sumit Mazumder said.

    According to the Business Insider report, China's deals with Russia have often met with dead-ends, and with the world's second largest economy's growth slowing, trade between the two countries has fallen.

    According to the report, China and Russia had made a gas deal in May 2014, which included the construction of two pipelines to transport Russia’s gas to China. The deal was suspended in July, leaving Russia in the lurch.

    China's stock market rout and slowing growth has every huge investor on the sidelines, trying to take stock of the situation.

    The report states that Russia's exports to China were down 20% compared to last year, whlie only China only invested under $1.6 billion into Russia in 2014 while Russia invested a whopping $151.5 billion during the same year into the Chinese economy.

    Russia's Rosneft buys nearly 50% in Essar Oil


    On July 9, Russia's Rosneft signed a deal to buy 50% stake in Essar Oil for for about $3.2 billion after excluding the Mumbai-based firm's flourishing coal-bed methane (CBM) business.

    Last year, Rosneft had signed an initial deal to supply 10 million tonnes a year or 200,000 barrels per day (bpd) of oil to Essar Group over 10-years.

    Rosneft, the world's top listed oil producer, will get a hold in India's second biggest oil refinery as well as its 1,600 petrol pumps that will more than triple to 5,000 in two years.


    According to the deal, the Russian firm will also supply 10 million tonnes a year of crude to Essar Oil's 20 million tonnes per annum Vadinar refinery in Gujarat for 10 years.

    "Rosneft and Essar Oil & Gas Ltd/ Essar Energy Holdings Ltd, companies incorporated and managed under the laws of Mauritius, have signed a non-binding Term Sheet with regard to Rosneft's participation in the equity capital of Essar Oil Ltd with a share of up to 49%," Essar Oil said in a statement.

    On the back of the deal, Essar is likely to cut imports from Iran to accommodate Russian barrels. Essar currently depends heavily on Iran to feed its Vadinar refinery, importing about one-fourth of its oil needs from the Persian Gulf nation.

    Rosneft in a statement said the crude supply agreement enables it to expand market outlet and amplifies the volume of supplies to the region, where growing points of the world's economy are concentrated.

    Apart from this, Rosneft has also sold 15% of its second biggest oil field of Vankor to ONGC for nearly 8,390.36 crore, making it the fourth largest acquisition for the for the state-owned company. The field, which has recoverable reserves of 2.5 billion barrels, will give OVL 3.3 million tonnes per annum of oil production.

    Given that China's growth is slowing, and India's GDP is slated to grow at a faster pace, in percentage terms, according to the IMF and World Bank, Russia might just be shifting its focus to the sub-continent to keep its investment safe.

    http://www.dnaindia.com/money/report-is-russia-shifting-focus-from-china-to-india-for-its-oil-barrels-2125053

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