Russia and India have inked a plan to significantly revamp their bilateral trade ties, with the two nations aiming to move beyond oil and military cooperation in light of growing international pressure on New Delhi to temper its historic alliance.
During their meeting last Friday, Russian President Vladimir Putin and Indian Prime Minister Narendra Modi vowed to diversify their commercial relationships and explore new avenues for economic collaboration. The agreement was seen as a bid to counterbalance the increasing influence of Western powers which have been urging India to re-evaluate its long-standing partnership with Russia.
While the details of the plan are still being finalized, sources close to the negotiations hinted that the two nations intend to strengthen cooperation in key areas such as energy, technology, and infrastructure development. This marked a significant shift from their previous focus on oil and defence trade, which have been under scrutiny by Western countries seeking to contain Russia's global influence.
The move is also likely to be seen as a strategic attempt by both nations to bolster their respective positions on the world stage, particularly in a region where China's growing economic and military presence has raised concerns among some Western powers.
During their meeting last Friday, Russian President Vladimir Putin and Indian Prime Minister Narendra Modi vowed to diversify their commercial relationships and explore new avenues for economic collaboration. The agreement was seen as a bid to counterbalance the increasing influence of Western powers which have been urging India to re-evaluate its long-standing partnership with Russia.
While the details of the plan are still being finalized, sources close to the negotiations hinted that the two nations intend to strengthen cooperation in key areas such as energy, technology, and infrastructure development. This marked a significant shift from their previous focus on oil and defence trade, which have been under scrutiny by Western countries seeking to contain Russia's global influence.
The move is also likely to be seen as a strategic attempt by both nations to bolster their respective positions on the world stage, particularly in a region where China's growing economic and military presence has raised concerns among some Western powers.