Russian President Vladimir Putin is set to visit India on December 4-5, marking the 23rd bilateral summit between the two nations. This visit holds significant importance for both countries, especially amidst US attempts to create a rift by imposing oil sanctions. Putin's visit is poised to further strengthen the bond between India and Russia.
Recently, Foreign Minister S. Jaishankar noted that bilateral trade between India and Russia has surged over fivefold, increasing from 13 billion USD in 2021 to an anticipated 68 billion USD by 2024-25.
The friendship between Russia and India is recognized as one of the world's most reliable relationships. Despite the energy crisis, rising Asian tensions, and shifting global politics, their camaraderie has remained unwavering. Be it defense deals, energy security, or diplomatic backing, India and Russia have stood by each other for five decades. Let’s delve into some statistics to understand the depth and uniqueness of this alliance.
Historic 1971 Support
During the 1971 India-Pakistan war, the US and China openly backed Pakistan by sending naval fleets to the Bay of Bengal. Conversely, Russia played a pivotal role by deploying its navy to support India, deterring the US 7th Fleet. In addition, Russia exercised its veto power at the United Nations thrice to prevent a ceasefire, ensuring India obtained a decisive victory. A pivotal agreement between India and Russia was established during this era, stating that Russia would come to India's aid against attacks by any third country. This period is often seen as the foundation of the enduring Indo-Russia friendship.
Defense Collaborations
Russia remains India's largest defense partner. Several key Indian military technologies are based on Russian innovations, from the BrahMos missile to the Su-30 MKI fighter jet and the S-400 defense system. Collaborative defense systems enhance India's strategic stance in Asia. Russia has consistently transferred crucial technology, reinforcing India's military prowess with nearly 55-60% of its military hardware originating from Russia.
Energy and Oil Trade
Energy and oil trading have long been cornerstones of India-Russia relations, with India being a primary importer of Russian oil, even amidst global sanctions. Despite a 25% additional tariff imposed by the US for procuring Russian oil, India's resilience preserved this camaraderie. Although US restrictions on Russian oil companies have reduced imports, Russia remains a key partner for India, notably in nuclear energy with the Kudankulam plant.
Space Technology and Science
India's journey into space is intricately linked with Russian collaboration, marked by Russia sending Rakesh Sharma into space in 1984. This collaboration continues, with Russia sharing advanced space technologies. Russian institutions are emerging as hubs for Indian technological education and advancement.
Rapidly Growing Trade
Trade between the two nations is accelerating, reaching record levels in sectors such as oil, coal, fertilizers, pharmaceuticals, and defense. The prospect of ruble-rupee trade enhances their economic resilience, reducing dependency on the dollar.
