Arms and energy: the basis of Moscow and Delhi’s pragmatic cooperation

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Series Details 19.10.16
Publication Date 19/10/2016
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Abstract:

During Vladimir Putin’s visit to India on 15-16 October 2016, a series of documents on cooperation in the military-technological and energy fields was signed.

Two intergovernmental agreements provide for the purchase by India of four 11356-type frigates and four S-400 anti-aircraft missile battalions, and an agreement between Rosoboroneksport and Viertoloty Rossii and the Indian company HAL is expected to create a joint company to produce Ka-226T helicopters in India. The value of these agreements is estimated at US$6-9 billion.

In the energy field, a consortium which includes Rosneft has acquired the Indian petroleum company Essar Oil, which owns the second-largest refinery in India. In addition, Rosneft agreed to sell the Indian State concern ONGC Videsh an 11% stake in the Russian oil company Vankorneft.

Source Link https://www.osw.waw.pl/en/publikacje/analyses/2016-10-19/arms-and-energy-basis-moscow-and-delhis-pragmatic-cooperation
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