Latest news with #DenisManturov
Time of India
2 days ago
- Business
- Time of India
Ajit Doval in Moscow: NSA meets Russia's First Deputy PM; discusses ties, joint projects
In this image released by @RusEmbIndia, NSA Ajit Doval with Russia's First Deputy Prime Minister Denis Manturov during a meeting, in Russia.(@RusEmbIndia on X via PTI Photo) NEW DELHI: National Security Advisor (NSA) Ajit Doval met Russia's First Deputy Prime Minister Denis Manturov to review the bilateral military-technical cooperation and progress on joint projects in key strategic sectors. According to the Russian government's press service, the discussions, which took place on Friday, covered defence collaboration as well as initiatives in civil aviation, metallurgy, and the chemical industry. Manturov, who oversees Russia's defence industry and trade, co-chairs the India–Russia Joint Intergovernmental Commission on Trade, Economic and Cultural Cooperation with external affairs minister S Jaishankar. The meeting came a day after Doval, a former Intelligence Bureau director, called on Russian President Vladimir Putin to reaffirm New Delhi's commitment to broad-based cooperation with Moscow. Sources said Doval also conveyed Prime Minister Narendra Modi's invitation for Putin to visit India, an invitation which the Russian leader accepted. Also Read | Russian President Vladimir Putin to visit India soon: NSA Ajit Doval The NSA's visit comes in the backdrop of US President Donald Trump's decision to double tariffs on Indian goods from 25 per cent to 50 per cent in retaliation for India's continued purchase of Russian oil despite Moscow's war in Ukraine. On Friday, PM Modi and Putin spoke by phone , reiterating their resolve to further deepen the Special and Privileged Strategic Partnership between the two nations.
United News of India
2 days ago
- Business
- United News of India
Doval meets Russia's First Deputy Prime Minister in Moscow
Delhi/Moscow, Aug 8 (UNI) Russia's First Deputy Prime Minister Denis Manturov held a meeting with India's National Security Advisor Ajit Kumar Doval, who is now in Moscow. The parties discussed topical issues of bilateral military-technical cooperation, as well as the implementation of joint projects in other strategic sectors, including civil aircraft manufacturing, metallurgy, and the chemical industry, the Russian embassy in India tweeted. Doval, who arrived in Russia on Wednesday, has already called on Russian president Vladimir Putin and other leaders. According to sources, Doval is visiting Russia in the run up to Putin's official trip to India later this year. His trip also coincides with US president Donald Trump imposing a further 25 percent tariff on Indian goods entering his country's market as penalty for New Delhi continuing to buy Russian oil. With the latest tariff hike, the total tariff on Indian goods reaching the US has gone up to a stiff 50 percent. UNI SSP SS
United News of India
2 days ago
- Business
- United News of India
NSA Doval meets Russia's First Deputy Prime Minister in Moscow
Delhi/Moscow, Aug 8 (UNI) Russia's First Deputy Prime Minister Denis Manturov held a meeting with India's National Security Advisor Ajit Kumar Doval, who is now in Moscow. The parties discussed topical issues of bilateral military-technical cooperation, as well as the implementation of joint projects in other strategic sectors, including civil aircraft manufacturing, metallurgy, and the chemical industry, the Russian embassy in India tweeted. Doval, who arrived in Russia on Wednesday, has already called on Russian president Vladimir Putin and other leaders. According to sources, Doval is visiting Russia in the run up to Putin's official trip to India later this year. His trip also coincides with US president Donald Trump imposing a further 25 percent tariff on Indian goods entering his country's market as penalty for New Delhi continuing to buy Russian oil. With the latest tariff hike, the total tariff on Indian goods reaching the US has gone up to a stiff 50 percent. UNI SSP SS More News NSA Doval meets Russia's First Deputy Prime Minister in Moscow 09 Aug 2025 | 2:29 AM Delhi/Moscow, Aug 8 (UNI) Russia's First Deputy Prime Minister Denis Manturov held a meeting with India's National Security Advisor Ajit Kumar Doval, who is now in Moscow. see more.. Delhi CM salutes sanitation workers' dedication, vows to protect their dignity, rights & honour 08 Aug 2025 | 11:48 PM New Delhi, Aug 8 (UNI) Saluting the dedication and work done by city's sanitation workers, Delhi Chief Minister Rekha Gupta today said that the relentless effort put in by them to make the national capital clean and free from waste is something that cannot be expressed in words. see more.. Delhi CM seeks action on Rs 5,200 cr labour fund left unspent by previous Govt 08 Aug 2025 | 11:39 PM New Delhi, Aug 8 (UNI) Delhi Chief Minister Rekha Gupta delivered a strong statement in the legislative assembly today, criticising the previous government over declarations regarding workers' welfare, alleging they were not translated into meaningful action. see more.. Delhi traders concerned over certain clauses in GST Amendment Bills, says opposition 08 Aug 2025 | 10:39 PM New Delhi, Aug 8 (UNI) The Delhi Assembly today witnessed heated discussions over two GST Amendment Bills tabled by the government, with the Aam Aadmi Party (AAP) raising concerns about their potential impact on small traders. see more.. China welcomes PM Modi's upcoming visit to Tianjin for SCO Summit on Aug 31-Sep 1 08 Aug 2025 | 10:37 PM New Delhi, Aug 8 (UNI) China today welcomed Prime Minister Narendra Modi's upcoming visit to Tianjin for the Shanghai Cooperation Organisation (SCO) Summit saying it will be a ''gathering of solidarity, friendship and fruitful results.'' ''China welcomes Prime Minister Modi to China for the SCO Tianjin Summit. We believe that with the concerted effort of all parties, the Tianjin summit will be a gathering of solidarity, friendship and fruitful results,'' Chinese Foreign Ministry spokesman Guo Jiakun said.
Russia Today
3 days ago
- Business
- Russia Today
Top Modi adviser holds talks with Russian deputy PM
Indian National Security Adviser Ajit Doval has held talks with Russian Deputy Prime Minister Denis Manturov in Moscow, the Russian government said in a statement on Friday. This was Doval's third high-level meeting in two days in the Russian capital. On Thursday, he held talks with Russian Security Council Secretary Sergey Shoigu and met with President Vladimir Putin. Manturov, who was the co-chair of the last session of an Indo-Russian intergovernmental commission in Mumbai in November 2024, discussed a range of issues with Doval on Friday. 'The sides discussed issues of military-technical cooperation between Russia and India, as well as the implementation of joint projects in other strategic sectors, including civil aircraft, metallurgy, and the chemical industry,' the Russian government said. Doval's planned trip to Moscow coincided with a sharp deterioration in India-US ties, with US President Donald Trump imposing 25% tariffs on Indian imports over the country's continued purchases of Russian oil. This was in addition to the 25% that Washington already imposed as the two countries failed to reach a trade agreement. During Doval's visit, the sides discussed Putin's trip to India for this year's annual bilateral summit. The Indian national security adviser said on Thursday that the annual meetings 'have always been watershed moments,' adding: 'They have consistently provided a new direction to our relations.' On Friday, Putin spoke on the phone with Indian Prime Minister Narendra Modi, updating him on efforts to resolve the Ukraine conflict. 'We also reviewed the progress in our bilateral agenda, and reaffirmed our commitment to further deepen the India-Russia Special and Privileged Strategic Partnership,' Modi said on X. Vladimir Putin is expected to visit New Delhi at the end of this year for the annual bilateral summit with Modi.
Economic Times
3 days ago
- Business
- Economic Times
Russia's struggle to build commercial jets reflects deeper industrial malaise
Russian aircraft makers have delivered only one of 15 planned commercial jets this year, data from Swiss aviation intelligence provider ch-aviation shows, as sanctions on foreign components stall production and high interest rates crimp investment. Since Russia's February 2022 invasion of Ukraine, Western sanctions have cut off access to foreign-made aircraft and spare parts. With a fleet of more than 700 planes dominated by Airbus and Boeing jets, Russian airlines now rely on complex, indirect import routes to source critical components. "There is no component base, no technology, no production facilities, no engineers," said one Russian aviation industry source, who declined to be named due to the sensitivity of the matter. "To create all this from scratch takes years, if not decades." Given Russia's geographical challenges as the world's largest country, it depends on commercial aircraft for domestic freight and passenger transport across its 11 time zones. Recent major incidents highlight an urgent need to prevent the fleet degrading. In late July, a Soviet-era Antonov An-24, built in 1976, crashed in the country's far east, killing all 48 people on board. Days later, flag carrier Aeroflot grounded dozens of flights following a crippling cyberattack. The aviation sector's struggles to become self-sufficient are part of a broader industrial slowdown. Russia's factory output contracted at its fastest pace since March 2022 in July, according to Purchasing Managers' Index data, and industrial growth continues to decelerate. High interest rates have played a part in dwindling car production, coal sector bankruptcies, slowing export volumes of commodities like metals and oil products, as well as the missed plane-building targets, officials and businesses have said, contributing to slowing economic growth. "Industry is being hit faster and harder by tight monetary policy," said Dmitry Polevoy, head of investment at Astra Asset Management, warning that the industrial sector was on the brink of recession. In 2021, Russia added 52 new commercial aircraft to its fleet - including 27 from Airbus, three from Boeing, and 22 Sukhoi Superjets built with imported parts - for airlines including Aeroflot, S7, Red Wings, Rossiya, and Ural Airlines, data from ch-aviation shows. Since then, only 13 new planes have been added: 12 Superjets used by several Russian airlines and one Tupolev Tu-214, a twin-engine, narrow-bodied jet designed for medium-haul flights, the data showed. The Tu-214 is being used by First Deputy Prime Minister Denis Manturov, according to a person familiar with the matter, FlightRadar24 data, and Russian media reports. The government has repeatedly revised its production goals. In mid-2024, it cut the 2024-2025 delivery target to 21 from 171 aircraft. Last month, officials said targets would be revised again, citing high interest rates, which have made financing more expensive and slowed production. State conglomerate Rostec, which oversees production of the Superjet-100s, Tupolev Tu-214s, Ilyushin passenger planes and the new Yakovlev MC-21 jet, has struggled to meet deadlines. Rostec CEO Sergei Chemezov told Reuters last year that Russia would produce its own passenger planes, but delivery dates have repeatedly slipped. The MC-21 aircraft, built entirely with Russian-made parts, was much heavier than the version built with imported parts, reducing range and fuel efficiency - so airlines have been reluctant to adopt it, according to the Russian aviation source. On Tuesday, Chemezov told Prime Minister Mikhail Mishustin that serial production of the MC-21, SJ-100, and IL-114 jets would begin in 2026, two years later than originally planned. United Aircraft Corporation, the Rostec subsidiary that manages all the conglomerate's aircraft production, did not respond to a request for comment. Despite efforts to localise production, Russia continues to rely on foreign suppliers. Customs data seen by Reuters shows that parts worth at least $300,000 were imported in 2024 via intermediaries in Turkey, China, Kyrgyzstan, and the UAE. These included components from France's Safran, U.S. Honeywell, and Britain's Rolls-Royce. There is no evidence of these companies having violated sanctions. Russia has developed a system of parallel imports, allowing goods to enter the country through third parties without the manufacturer's knowledge or consent. Safran and Rolls-Royce did not immediately respond to requests for comment. Honeywell said it is not providing any equipment, parts, or products to any company in Russia and is "actively working to identify and interrupt any possible diversion of our products into Russia via third parties." Russia is trying to solve a unique and "hypercomplex" problem, Industry and Trade Minister Anton Alikhanov said last month. "No other country in the world produces fully import-substituted planes," Alikhanov said. Reduced aircraft supply while demand remains high is pushing up prices for consumers, with ticket prices rising steadily throughout 2023 and 2024, Rosstat data shows. Meanwhile, Moscow has been forced to get creative, asking airlines from Central Asian countries like Kazakhstan and Uzbekistan to run domestic Russian routes.
