Russian state news agencies reported that India received arms worth around $13 billion from Russia in the past five years. Moreover, New Delhi has further placed orders with Moscow for weapons and military equipment exceeding $10 billion.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
India accounts for around 20 percent of Moscow’s current order book and is the world’s biggest buyer of Russian arms. While New Delhi has not openly condemned Russia’s invasion of Ukraine, Indian Prime Minister Narendra Modi has called for dialogue and diplomacy to solve the conflict.
Dmitry Shugayev, the head of Russia’s Federal Service for Military-Technical Cooperation, told the agencies that India, China and some Southeast Asian countries have continued to have interest in buying Russian arms.
The agency reported that annual arms exports have been about $14-15 billion, with the order book steady at around $50 billion.
Russia’s S-400 Triumf missile defence systems, short-range surface-to-air missiles systems such as the Osa, Pechora or Strela, as well as Su-30 warplanes, MiG-29 helicopters and drones have been of special interest to Asian countries, Shugayev said.
Notably, following Ukraine’s invasion, several Western countries imposed sanctions on Russia, including on arms. Moscow has maintained that it is carrying out a “special military operation”.
According to TASS state news agency, Russia is set to present about 200 samples of weapons and military equipment at the 14th international aerospace exhibition Aero India 2023 in Bengaluru.
India is scouting for billions of dollars worth of military planes, completing jetliner deals to meet civilian demand and pressing global aircraft manufacturers to produce more locally at the show this week.
Did you know that some chemicals are so important that they influence almost every industry…
Did you know that many vehicles and households today use alternative fuels instead of traditional…
Perplexity has launched a new AI powered assistant called Personal Computer. This is designed to…
Did you know that millions of homes around the world depend on a clean and…
Canara Bank has announced a revision in its Marginal Cost of Funds Based Lending Rate…
South Indian Bank has launched the new EPF payment service. This is in collaboration with…