Putin to sign multi-billion dollar arms deals in India
INDIA: Russian Prime Minister Vladimir Putin was to seal a series of
multi-billion dollar arms deals Friday during a visit to India aimed at
boosting ties with Moscow’s old Cold War ally.
According to Russian officials, Putin will sign more than a dozen
pacts amounting to 10 billion dollars, including an accord to resolve
the troubled sale of a refitted Soviet-era aircraft carrier, the Admiral
Gorshkov.
Other deals include a contract to sell India 29 MiG fighter jets and
an agreement to install additional nuclear power units in the southern
Indian state of Tamil Nadu, where it is already building two reactors.
The sale of the Admiral Gorshkov has been marred by a series of price
disputes and delayed deliveries, fuelling concerns in Moscow that India
could be tempted to end its dependence on Russian military equipment.
Putin’s foreign policy aide Yury Ushakov said the new accord would
“suit both sides” and help put the dispute behind them.
“We have an enormous interest in India,” he told reporters ahead of
Putin’s arrival in New Delhi.
Russia supplies 70 percent of India’s military hardware but in recent
years New Delhi has looked to other military suppliers including Israel
and the United States.
India’s foreign ministry spokesman Vishnu Prakash described Russia as
a “valued partner and time-tested friend.” “We have a similar outlook on
a whole host of regional and international issues,” Prakash said.
Together with Brazil and China, Russia and India are part of the
so-called BRIC grouping of major developing economies seeking to promote
a multipolar world economy not dominated by the United States.
AFP
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