Shashank Mattoo
Shashank Mattoo

@MattooShashank

10 Tweets 1 reads May 24, 2023
I interviewed Russia's Ambassador Denis Alipov
- Delhi and Moscow to upgrade defence agreement
- Russia looking for a site for a new nuclear plant
- ๐Ÿ‡ฎ๐Ÿ‡ณ & Russia to take energy partnership to the next level
Here's what Alipov told me about the future of IND-RUS ties
1โƒฃ. 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 ๐Ÿ‡ท๐Ÿ‡บ's defence industry can continue to supply high-tech equipment to ๐Ÿ‡ฎ๐Ÿ‡ณ
economist.com
Ambassador Alipov pushes back against that view
Points to long-standing cooperation on T-90 tanks, Su-30MKI fighters, AK-203 assault rifles & BrahMos missile
Announced that ๐Ÿ‡ฎ๐Ÿ‡ณ&๐Ÿ‡ท๐Ÿ‡บ will upgrade 2019 agreement on spare parts joint production to focus on private sector involvement
This defence agreement was signed in 2019 toโฌ†๏ธcooperation between Russian Original Equipment Manufacturers (OEMs) & Indian industry to help ๐Ÿ‡ฎ๐Ÿ‡ณ provide for armed forces
Given real concerns about the viability of RUS's defence industry, vital for ๐Ÿ‡ฎ๐Ÿ‡ณ to build domestic capabilities
2โƒฃ. Nuclear, Nuclear, Nuclear
๐Ÿ‡ท๐Ÿ‡บ currently involved in Kudankulam nuclear power plant project
Amb. Alipov stated that ๐Ÿ‡ท๐Ÿ‡บ will double down on nuclear co-op w. ๐Ÿ‡ฎ๐Ÿ‡ณ
๐Ÿ‡ท๐Ÿ‡บ looking into the construction of new reactors w. tech based on water cooled and water moderated energy solutions
๐Ÿ‡ท๐Ÿ‡บ expects decision to be taken soon on a new site for Russian-designed reactors in ๐Ÿ‡ฎ๐Ÿ‡ณ
Important since ๐Ÿ‡ฎ๐Ÿ‡ณ wants toโฌ†๏ธshare of nuclear power in its energy mix
Currently, nuclear accounts for only 3% of energy mix
๐Ÿ‡ฎ๐Ÿ‡ณ has missed past targets for nuclear pwr so ๐Ÿ‡ท๐Ÿ‡บ co-op may help
3โƒฃ. Energy partnership to grow
Since UKR war, ๐Ÿ‡ฎ๐Ÿ‡ณ has begun massive imports of ๐Ÿ‡ท๐Ÿ‡บ oil
๐Ÿ‡ฎ๐Ÿ‡ณ's top supplier of oil is now Russia (displacing Iraq & KSA)
Amb. Alipov tells me that ๐Ÿ‡ฎ๐Ÿ‡ณ firms are exploring opportunities offered by Vostok Oil cluster & LNG projects on ๐Ÿ‡ท๐Ÿ‡บ Arctic shelf.
๐Ÿ‡ท๐Ÿ‡บ companies keen to โฌ†๏ธ their co-op in production, refining and marketing with major ๐Ÿ‡ฎ๐Ÿ‡ณ oil and gas companies.
๐Ÿ‡ฎ๐Ÿ‡ณ imports over 80% of its needs for oil
After disruptions due to UKR war, ๐Ÿ‡ฎ๐Ÿ‡ณ diversifying supply sources
โฌ†๏ธpurchases & co-op w. ๐Ÿ‡ท๐Ÿ‡บ could help ๐Ÿ‡ฎ๐Ÿ‡ณ's energy security
4. Fixing the trade relationship
๐Ÿ‡ฎ๐Ÿ‡ณ-๐Ÿ‡ท๐Ÿ‡บ trade is now $44 billion
This is a massive increase largely caused byโฌ†๏ธpurchases of discounted ๐Ÿ‡ท๐Ÿ‡บ oil
This has created imbalance in bilateral trade where ๐Ÿ‡ฎ๐Ÿ‡ณ buys far more than it sells
Dr. Jaishankar has pushed for more balanced trade
Dr. J called on easing of barriers to ๐Ÿ‡ฎ๐Ÿ‡ณ exports to ๐Ÿ‡ท๐Ÿ‡บ
Called for more talks on a Free Trade Agreement b/w ๐Ÿ‡ฎ๐Ÿ‡ณ & Eurasian Economic Union (๐Ÿ‡ท๐Ÿ‡บ + Central Asian ctries)
Alipov says that ๐Ÿ‡ท๐Ÿ‡บ committed to๐Ÿ“‰trade barriers and interested in signing FTA

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