Putin did an exclusive interview with India Today ahead of the visit to India- It will be available tomorrow, Thursday Dec 04/25
Lots of deal making from what I’ve read-
Russian President Vladimir Putin’s highly anticipated visit to India starts tomorrow, December 4. The Russian President is coming to India on a two-day state visit, his first since the war in Ukraine.
Business Standard
Ahead of Russian President Vladimir Putin’s visit to India, the Russian Cabinet on Tuesday cleared the signing of a memorandum of understanding (MoU) with India to deepen bilateral cooperation in civil nuclear energy.
During Putin’s visit, Defence Minister Rajnath Singh and his Russian counterpart Andrei Belousov will also co-chair the 22nd India-Russia Intergovernmental Commission on Military and Military Technical Cooperation ministerial meeting in Delhi on Thursday.
The two leaders will review the entire range of the multifaceted defence relations, including military and military technical cooperation. They will also exchange views on contemporary regional and global issues of mutual interest.
As for the MoU on civil nuclear cooperation, Russia’s Rosatom Nuclear Corporation, which is building several reactors at the Kudankulam Nuclear Power Plant in Tamil Nadu, has been authorised to sign the MoU with Indian authorities on behalf of the Russian government, according to Russian news agency Interfax.
Interacting with the media on Tuesday, Kremlin spokesperson Dmitry Peskov said Rosatom chief executive officer (CEO) Alexei Ligachev will be carrying a whole portfolio of proposals, including for cooperation in building small modular reactors, to be tabled at the summit talks in New Delhi.
Russian lender Sber launches -denominated letter of credit for Indian suppliers
Sber, the Russia biggest lender, has launched a rupee-denominated letter of credit with deferred payment for purchases in India, a new financial product for importers. The solution is unique in that Sber will settle payments with Indian suppliers in rupees immediately upon submission of supporting documents for the delivery of goods to the bank, while providing the Russian buyer with the option to reimburse the payment later when the deferral period ends, the bank said on Wednesday.
Interesting oped. Fyodor Lukyanov: The Moscow–Delhi axis is becoming a template for a post-Western world
Last few paragraphs
India is the most consistent. Its own development remains at the heart of its agenda. Its growing political weight is not so much the result of its increasing ambitions, as it is due to changes in the world. This is also due to the growing desire of some leading powers to secure India’s support in their relations with other leading powers.
Russia and India are very different from each other; in some respects, they are even opposites. However, two important circumstances should be noted.
Firstly, their experience of close, friendly, and mutually beneficial cooperation sets a benchmark for the international order, where the emphasis is on highlighting rather than erasing civilizational contrasts. The Russia-India relationship is, quite frankly, the envy of many. It shows how to maintain stability amid turbulent change.
Secondly, neither Russia nor India is seeking global domination. However, both are powers without which nothing is possible, each due to their own set of parameters. They cannot be ignored. In a sense, it is now more advantageous to be a country like this than a superpower. There is less burden and more flexibility. If efforts are coordinated, there will be no obstacles for us, either at sea or on land.