Russia , India likely to ink trade deals
INDIA: Russia said Monday it hoped to sign a slew of agreements with
India, including military and trade deals, during a trip this month by
Russian President Dmitry Medvedev to New Delhi.
Russian Foreign Minister Sergei Lavrov flew to the Indian capital to
prepare the ground for Medvedev's December 21-22 summit with Indian
Prime Minister Manmohan Singh.
"Our discussions concentrated on the visit of the Russian president
and our intention is to sign many documents on trade, economy, outer
space and military issues," he said after talks with his Indian
counterpart S.M. Krishna.
Lavrov's announcement came a month after India said it had agreed to
buy up to 300 Fifth Generation Fighter Jets (FGFA) from Russia that it
will help jointly develop and manufacture.
Experts say each 30-ton FGFA is worth up to 100 million dollars.
Russian experts have said the country's troubled defence industry
would receive a major boost with the FGFA deal with India.
Lavrov did not give details of the other agreements slated for
Indian foreign minister Krishna said the two countries "were on the
"Our relations with Russia are a key foreign policy priority for us
and has remained in focus in the past weeks," he said, adding defence
cooperation between the two strategic partners would continue. AFP