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Time of India
08-08-2025
- Business
- Time of India
PM Modi, Putin discuss Ukraine and strategic ties in detail
A day after his conversation with the Brazilian leader, Prime Minister Narendra Modi on Friday held a detailed conversation with Russian President Vladimir Putin , including on the latest developments concerning Ukraine and reiterated India's consistent position for peaceful resolution of the conflict. The two leaders also reaffirmed their commitment to further deepen the India-Russia Special and Privileged Strategic Partnership. The PM invited Putin to visit India later this year for the annual bilateral summit. In a display of personal chemistry between the two leaders, Modi described Putin as 'my friend'. "Had a very good and detailed conversation with my friend President Putin. I thanked him for sharing the latest developments on Ukraine. We also reviewed the progress in our bilateral agenda, and reaffirmed our commitment to further deepen the India-Russia Special and Privileged Strategic Partnership. I look forward to hosting President Putin in India later this year," Modi wrote on X after the conversation. Ahead of his proposed meeting with US President Donald Trump, Putin briefed the PM on the latest developments concerning Ukraine. The phone call happened less than 24 hours after NSA Ajit Doval met Putin in Kremlin. While thanking President Putin for his detailed assessment, the prime minister reiterated India's consistent position for peaceful resolution of the conflict, it was learnt. The US President had imposed additional 25% tariffs against India for what he and other members of the administration alleged as India's efforts in fuelling the war. Discussions on expanding defence industry partnership included possible purchase of additional S-400 missile systems and setting up S-400 MRO facilities in India figured during the NSA's trip to Moscow this week. The S-400 systems played a major role in Operation Sindoor in thwarting Pakistan aggression. Similarly, BrahMos missiles jointly developed by India and Russia rattled the Pakistani military. The 11th Session of India-Russia Working Group on Modernisation and Industrial Cooperation was held here on Wednesday.
Time of India
07-08-2025
- Business
- Time of India
Indo-Russian NSAs finalise Putin's India visit; focus on expansion of defence, counterterror ties
National Security Adviser Ajit Doval and his Russian counterpart Sergei Shoigu on Thursday held a brainstorming session on expanding defence industry partnership and counter-terror cooperation while finalising the visit of President Vladimir Putin to India later this year for the annual summit. Doval reaffirmed the enduring strategic partnership between India and Russia during a period of global uncertainty and praised Russian leaders - including Putin - for their support following the Pahalgam terror attacks in India and emphasised India's ongoing commitment to combating terrorism. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program The discussions also covered preparations for Putin's upcoming visit to India. Doval acknowledged the tumultuous international environment and highlighted the importance of India-Russia cooperation , calling for new ideas to further strengthen the longstanding partnership. The meeting underscored how both nations were navigating complex global challenges together. Doval also met Putin in Kremlin to discuss various aspects of bilateral strategic ties. Discussions on expanding the defence industry partnership included possible purchase of additional S-400 missile systems, setting up S-400 MRO facilities in India and exploring options for acquiring Russia's Su-57 fighter jets. On Wednesday, the 11th Session of the India-Russia Working Group on Modernisation and Industrial Cooperation was held here. Key focus areas during the meeting included cooperation in aerospace science and technology, including the establishment of a modernised wind tunnel facility, production of small aircraft piston engines, and joint development in carbon fibre technology, additive manufacturing and 3D printing, officials said. Live Events Both sides explored opportunities in rare earth and critical minerals extraction, underground coal gasification, and creation of modern industrial infrastructure, an official said.
Mint
06-08-2025
- Business
- Mint
India, Russia in pact to boost ties in key sectors, including rare earth mining
New Delhi: India and Russia on Wednesday signed a new protocol to boost industrial cooperation across key sectors such as aluminium, fertilisers, railways, and mining technologies, deepening ties even as geopolitical tensions reshape global trade alignments. The agreement, finalized during the 11th session of the India-Russia Working Group on Modernisation and Industrial Cooperation here, underscores India's continued engagement with Russia despite growing pressure from the West. Nearly 80 delegates from both sides discussed collaboration in aerospace, rare earths, additive manufacturing, and waste management, among others. The move comes in the backdrop of the US considering fresh tariffs on Indian exports, citing concerns over India's rising reliance on Russian goods, especially energy, and its expanding role in blocs like Brics. The session brought together nearly 80 delegates, senior officials, experts, and industry representatives from both sides. "The meeting reviewed the progress made since the 10th session and provided a platform to strengthen cooperation across key sectors," the ministry said. "Discussions included updates from the sub-groups on modernization, mining, fertilizers, and railway transport, as well as emerging areas of collaboration," it added. The discussions included deepening cooperation in several sectors, plans to set up a modern wind tunnel facility, jointly produce small aircraft piston engines, and collaborating on carbon fibre, additive manufacturing, and 3D printing technologies. The two sides also discussed expanding ties in the extraction of rare earths and critical minerals, underground coal gasification, and the development of modern industrial infrastructure. US President Donald Trump has announced a punitive 50% tariff on Indian exports mainly due to its trade relations with Russia, which has been facing Western nations' wrath over its war with Ukraine. Since the conflict in Ukraine in 2022, India has significantly ramped up its crude oil imports from the country, which now account for over one-third of its total overseas purchases. India's imports from Russia were at $16.8 billion in FY25, down 8.8% from the previous year, while exports rose by 0.8% to $1.3 billion, according to data from the commerce and industry ministry. Petroleum-related purchases accounted for $12.6 billion of these imports.
