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Putin’s India Visit Delivers Economic Pacts and 2030 Trade Plan, Not New Arms Deals

India prioritized economic cooperation to preserve strategic autonomy under tariff pressure.

Overview

  • Leaders concluded 16 agreements spanning shipbuilding, civil nuclear cooperation, critical minerals, logistics, pharmaceuticals and a labour mobility pact for Indian workers in Russia.
  • Both sides launched an Economic Cooperation Programme targeting roughly $100 billion in annual trade by 2030 and moved to speed talks on a free‑trade pact with the Eurasian Economic Union.
  • Putin pledged uninterrupted fuel supplies to India, though there was no commitment on discounted crude as Indian refiners scale back Russian oil purchases after U.S. tariffs.
  • No major defence acquisitions were announced, with engagement instead centering on economic ties, civil nuclear work at Kudankulam and a new 30‑day free tourist visa for Russian nationals.
  • India signaled a calibrated diplomatic stance by refraining from a UN General Assembly vote on Ukrainian children as officials emphasized diversified payment channels and national‑currency settlements.