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India-Russia Relations

India-Russia Relations

  • India and Russia have a history of strong strategic, military, economic, and diplomatic relationships.
  • Political Relations:
    • The Annual Summit meeting between the Prime Minister of India and the President of the Russian Federation is the highest institutionalized dialogue mechanism in the strategic partnership between India and Russia. 
    • Both countries are members of international bodies including the UN, BRICS, G20 and SCO.
  • Trade and Economic Relations: 
    • Both sides revised targets of increasing bilateral investment to US $50 billion and bilateral trade to US $30 billion by 2025. 
      • India’s merchandise imports from Russia include petroleum oil and other fuel items, fertilizers, coffee and tea, spices, nuclear reactors, and animal and vegetable fats, among others.
  • Nuclear Energy: 
    • Kudankulam Nuclear Power Plant (KKNPP) is being built in India with Russian cooperation. 
  • Defence and Security Cooperation:
    • BrahMos Missile System as well as the licensed production in India of SU-30 aircraft and T-90 tanks 
    • Both sides concluded agreements on the supply of S-400 air defence systems, construction of frigates under Project 1135.6 and shareholders agreement on the formation of a joint venture to manufacture Ka-226T helicopters in India.
    • INDRA training exercises
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