With the announcement of results of the elections in Russia yesterday, Vladimir Putin re-elected as President. He
sweeps to an anticipated victory over the world’s largest country for another six years.
Upon expiration of his rule until 2024 as the president, his total time in office would nearly be quarter of a century. Putin thumbed the political scenario for 18 years either as President or Prime Minister of Russia.
Recent scenario of India and Russia relations
India and Russia have always shared cordial strategic and diplomatic relations since last 70 years. According to Putin, India is the only country with which Russia shares deep cooperation in delicate issues like missiles. Russia will always support India in its fight against terrorism. Since India and Russia can never be geopolitical competitors and share the same point of view on critical matters like Afghanistan, Syria and Ukraine, both the countries share a great friendship and have stood for each other.
Putin asserted that Russia’s growing ties with Pakistan will not have any impact on its relations with India.
India and Russia share bilateral trade relations.Both countries aim to achieve USD 30 billion via import-export by the year 2025.
India imports its defense goods which include bombs, grenades, mines and missiles from Russia while India exports pharmaceuticals, machinery, tea, coffee, chemicals and electronics to Russia. India is the second largest market for Russian defense industry.
Current Problems between India and Russia-
• The rapid expansion in India-US relations after the nuclear deal in 2008.
• India now imports defence equipment from the US also. Russia is still the largest supplier of defence goods in Indi but the overall imports have declined considerably.
• Russia’s close ties with China and defence agreement with Pakistan strained India and Russia’s relations.