During the 23rd India-Russia Summit in New Delhi, President Putin pledged uninterrupted energy supplies—oil, gas, coal—to fuel India's growth, defying US pressure. PM Modi called the ties "steadfast like a pole star," unveiling a 2030 economic roadmap targeting $100 billion trade amid new pacts.
Vladimir Putin's December 5 visit to New Delhi marked a bold affirmation of strategic partnership, with over a dozen MoUs signed on health, migration, maritime, and nuclear energy. Putin emphasized Russia's role as a "reliable supplier" for India's energy needs, promising non-stop fuel amid Western sanctions and US tariffs on Indian goods.
Modi praised the eight-decade bond's resilience, prioritizing balanced trade via national currencies (96% usage) and Eurasian FTA. Discussions touched Ukraine peace, BRICS, and civil nuclear projects like Kudankulam.
Key Highlights
Energy Assurance: Continuous oil/gas/coal shipments; supports India's diversification amid stable prices.
Trade Ambition: $100B by 2030 via diversified exports, logistics, and rupee-ruble settlements.
Pole Star Metaphor: Modi's nod to unshakeable trust despite global turbulence.
New Frontiers: Small modular reactors, worker mobility, e-visas for Russians.
Sources: Times of India, New Indian Express, Telegraph India, CNBC.