Overview

• Russian officials labeled reports of a steel-mill agreement in Karachi as “completely fabricated,” rejecting any signed multibillion-dollar contract.
• Sources in Moscow confirmed preliminary talks occurred but emphasized that no binding agreement was finalized.
• The Kremlin accused Pakistani media of exaggerating negotiations to damage the India-Russia strategic alliance.
• The denial follows India’s Operation Sindoor, in which Russian-made S-400 systems and BrahMos missiles were used to retaliate against terror camps after the April 22 Pahalgam attack.
• President Putin and Prime Minister Modi reaffirmed their counterterror cooperation in a recent call, underscoring the resilience of their bilateral partnership.