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Russian President Vladimir Putin and Indian Prime Minister Narendra Modi agreed on Friday to expand and diversify trade beyond oil and defense despite Western pressure on New Delhi to scale back its decades-long close ties with Moscow.
India, the world's top buyer of Russian arms and seaborne oil, rolled out the red carpet for Putin on his two-day state visit, the first to New Delhi since Russia invaded Ukraine in 2022.
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The trip coincides with New Delhi negotiating a trade deal with the United States to reduce punitive tariffs imposed by President Donald Trump on Indian goods for buying Russian oil.
Russia has said it wants to import more goods from India, aiming to increase trade to $100 billion by 2030. So far, the view has been tilted towards Moscow, given New Delhi's energy imports.
PM MODI SAYS: CURRY HAS 'STAND THE TEST OF TIME'
Describing the long-standing partnership between India and Russia as a "guiding star", Modi said: "Based on mutual respect and deep trust, this relationship has always stood the test of time".
"...we have agreed on a programme of economic cooperation for the period up to 2030. This will make our trade and investment more diversified, balanced and sustainable," he told reporters, alongside Putin.
Modi, who warmly welcomed Putin on the airport tarmac when he arrived on Thursday, also reaffirmed India's support for a peaceful resolution to the war in Ukraine.
Putin said Russia would continue to ensure "uninterrupted fuel supplies" to India, taking a defiant stance against US sanctions, while also highlighting an ongoing project to build India's largest nuclear power plant at Kudankulam.
A joint statement issued after the summit said: "The leaders stressed that in the current complex, tense and uncertain geopolitical situation, Russia-India relations remain resilient to external pressure."
21-GUN WELCOME
Putin was given a grand welcome on Friday in the forecourt of Rashtrapati Bhavan, the colonial-era presidential palace, with a 21-gun salute as his motorcade entered.
A large business and government delegation accompanied Putin. Among the agreements signed were support for Indians to work in Russia, the establishment of a joint fertilizer plant in Russia, and increased cooperation in agriculture, health care, and maritime transport.
The two sides also agreed to reshape defense relations to take into account New Delhi's efforts to achieve self-reliance through joint research and development, as well as the production of advanced defense platforms. This will include joint production in India of spare parts, components, assemblies, and other products for maintaining Russian weapons and military equipment.
PUTIN CHALLENGES WASHINGTON
In an interview with India Today television broadcast on Thursday night, Putin challenged U.S. pressure to stop India from buying Russian fuel.
“If the United States has the right to buy our (nuclear) fuel, why shouldn’t India have the same privilege?” he said, adding that he would discuss the issue with Trump.
He said energy trade with India was “going smoothly” despite a small decline in the first nine months of 2025.
India called Trump’s tariffs “unreasonable and unjustified,” noting that the United States continued to trade with Moscow. The United States and the European Union still import billions of dollars of energy and goods from Russia, from liquefied natural gas to enriched uranium, despite economic sanctions.
As European countries sought to reduce their dependence on Russian energy due to the Ukraine war, India increased purchases of cheap Russian crude, but has since reduced purchases due to pressure from US tariffs and sanctions this year.
“India faces a dilemma; by taking steps to strengthen ties with either Moscow or Washington, New Delhi risks damaging its relationship with the other,” Michael Kugelman, a senior fellow at the Atlantic Council think tank in Washington, wrote in Foreign Policy magazine.
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