Putin visited India with Russia’s defense and foreign ministers on a visit that saw the two countries strengthen their ties with a military and technical cooperation pact until 2031 and a pledge to carry the annual trade to $ 30 billion by 2025.
The Russian president is visiting India amid increasingly strained relations between Russia and the United States, also a key ally of India, which has expressed reservations about growing military cooperation between Moscow and New Delhi.
A joint statement issued after the talks said Russia and India “reiterated their intention to strengthen defense cooperation, including in the joint development of military equipment production.”
In addition to the deal for India to produce AK-203 assault rifles, Russia has said it is interested in continuing to supply S-400 air defense missile systems.
“The supplies started this month and will continue to occur,” he said, referring to the S-400.
The deal with Moscow exposes India to US sanctions under a 2017 US law designed to deter countries from purchasing Russian military equipment.
Russian oil company Rosneft said it has signed a contract with Indian Oil to deliver up to 2 million tonnes of oil to India by the end of 2022.
The countries also signed a memorandum of understanding for Russia to send an uninterrupted supply of coal to India to support its steel production, among other agreements.
Putin and Modi also discussed the situation in Afghanistan, expressing their commitment to ensure that the country never becomes a safe haven for international terrorism.