Categories
Leaders

Modi-Putin strengthen ties on fuel, trade, security

Russian President Vladimir Putin touched down in New Delhi on a high-profile two-day visit, signaling a renewed chapter in India-Russia relations. The summit, eagerly watched across the globe, focused on energy security, trade expansion, defence collaboration, and joint efforts against terrorism.

At Hyderabad House, Prime Minister Narendra Modi and President Putin highlighted their shared commitment to global peace and security. Modi said India and Russia “walk together in the fight against terrorism,” recalling Moscow’s support during past attacks in Jammu & Kashmir. Putin called India a “full ally,” pledging continued backing for India’s counter-terrorism efforts.

Energy was a key priority. Putin assured uninterrupted shipments of oil, gas, and coal, reinforcing India’s energy security. Both leaders also agreed to collaborate on civil nuclear and clean energy projects, marking a step toward sustainable energy partnerships.

The summit unveiled a Vision 2030 roadmap to boost bilateral trade, aiming to increase it from $64–69 billion to $100 billion by 2030. The plan covers multiple sectors, including manufacturing, technology, agriculture, shipping, and critical minerals, with talks on a free-trade agreement with the Eurasian Economic Union also underway.

Defence and technology partnerships were strengthened, with plans for joint research, co-production of platforms, and collaboration in space, AI, and high-tech manufacturing. These steps support India’s self-reliance while keeping strategic ties strong.

The visit also sends a clear global message: India continues to maintain strategic autonomy, balancing its relationship with Russia alongside ties with the West. For India, it ensures stable energy supplies, stronger trade, and enhanced defence capabilities. For Russia, it reaffirms India as a reliable partner, securing influence and energy interests in Asia.

The summit highlighted a relationship that is more than transactional, rooted in trust, shared goals, and decades of cooperation.

Also Read: Meesho IPO oversubscribed 79×, grey market shows 45% gains