1โฃ. IND-RUS defence ties remain strong
IND imports ~46% of its defence needs for RUS
Ukraine war led to Western technology sanctions on RUS
Experts have questioned whether ๐ท๐บ's defence industry can continue to supply high-tech equipment to ๐ฎ๐ณ
economist.com
IND imports ~46% of its defence needs for RUS
Ukraine war led to Western technology sanctions on RUS
Experts have questioned whether ๐ท๐บ's defence industry can continue to supply high-tech equipment to ๐ฎ๐ณ
economist.com
This defence agreement was signed in 2019 toโฌ๏ธcooperation between Russian Original Equipment Manufacturers (OEMs) & Indian industry to help ๐ฎ๐ณ provide for armed forces
Given real concerns about the viability of RUS's defence industry, vital for ๐ฎ๐ณ to build domestic capabilities
Given real concerns about the viability of RUS's defence industry, vital for ๐ฎ๐ณ to build domestic capabilities
2โฃ. Nuclear, Nuclear, Nuclear
๐ท๐บ currently involved in Kudankulam nuclear power plant project
Amb. Alipov stated that ๐ท๐บ will double down on nuclear co-op w. ๐ฎ๐ณ
๐ท๐บ looking into the construction of new reactors w. tech based on water cooled and water moderated energy solutions
๐ท๐บ currently involved in Kudankulam nuclear power plant project
Amb. Alipov stated that ๐ท๐บ will double down on nuclear co-op w. ๐ฎ๐ณ
๐ท๐บ looking into the construction of new reactors w. tech based on water cooled and water moderated energy solutions
๐ท๐บ expects decision to be taken soon on a new site for Russian-designed reactors in ๐ฎ๐ณ
Important since ๐ฎ๐ณ wants toโฌ๏ธshare of nuclear power in its energy mix
Currently, nuclear accounts for only 3% of energy mix
๐ฎ๐ณ has missed past targets for nuclear pwr so ๐ท๐บ co-op may help
Important since ๐ฎ๐ณ wants toโฌ๏ธshare of nuclear power in its energy mix
Currently, nuclear accounts for only 3% of energy mix
๐ฎ๐ณ has missed past targets for nuclear pwr so ๐ท๐บ co-op may help
3โฃ. Energy partnership to grow
Since UKR war, ๐ฎ๐ณ has begun massive imports of ๐ท๐บ oil
๐ฎ๐ณ's top supplier of oil is now Russia (displacing Iraq & KSA)
Amb. Alipov tells me that ๐ฎ๐ณ firms are exploring opportunities offered by Vostok Oil cluster & LNG projects on ๐ท๐บ Arctic shelf.
Since UKR war, ๐ฎ๐ณ has begun massive imports of ๐ท๐บ oil
๐ฎ๐ณ's top supplier of oil is now Russia (displacing Iraq & KSA)
Amb. Alipov tells me that ๐ฎ๐ณ firms are exploring opportunities offered by Vostok Oil cluster & LNG projects on ๐ท๐บ Arctic shelf.
๐ท๐บ companies keen to โฌ๏ธ their co-op in production, refining and marketing with major ๐ฎ๐ณ oil and gas companies.
๐ฎ๐ณ imports over 80% of its needs for oil
After disruptions due to UKR war, ๐ฎ๐ณ diversifying supply sources
โฌ๏ธpurchases & co-op w. ๐ท๐บ could help ๐ฎ๐ณ's energy security
๐ฎ๐ณ imports over 80% of its needs for oil
After disruptions due to UKR war, ๐ฎ๐ณ diversifying supply sources
โฌ๏ธpurchases & co-op w. ๐ท๐บ could help ๐ฎ๐ณ's energy security
4. Fixing the trade relationship
๐ฎ๐ณ-๐ท๐บ trade is now $44 billion
This is a massive increase largely caused byโฌ๏ธpurchases of discounted ๐ท๐บ oil
This has created imbalance in bilateral trade where ๐ฎ๐ณ buys far more than it sells
Dr. Jaishankar has pushed for more balanced trade
๐ฎ๐ณ-๐ท๐บ trade is now $44 billion
This is a massive increase largely caused byโฌ๏ธpurchases of discounted ๐ท๐บ oil
This has created imbalance in bilateral trade where ๐ฎ๐ณ buys far more than it sells
Dr. Jaishankar has pushed for more balanced trade
Dr. J called on easing of barriers to ๐ฎ๐ณ exports to ๐ท๐บ
Called for more talks on a Free Trade Agreement b/w ๐ฎ๐ณ & Eurasian Economic Union (๐ท๐บ + Central Asian ctries)
Alipov says that ๐ท๐บ committed to๐trade barriers and interested in signing FTA
Called for more talks on a Free Trade Agreement b/w ๐ฎ๐ณ & Eurasian Economic Union (๐ท๐บ + Central Asian ctries)
Alipov says that ๐ท๐บ committed to๐trade barriers and interested in signing FTA
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