Overview of Vladimir Putin's Visit to New Delhi
Vladimir Putin's recent visit to New Delhi highlighted the 25-year-old Declaration on Strategic Partnership between India and Russia and underscored India's policy of strategic autonomy alongside Russia's pivot towards Asia and the 'global south'. The visit showcased the multi-dimensional and mutually beneficial bilateral relations between the two nations.
Key Themes from the Visit
- Strategic Autonomy:
India emphasized its ability to maintain relationships with multiple global powers, signaling to the US the continued value it places on its ties with Russia. - Bilateral Relations:
- Comprehensive cooperation in areas such as politics, military and security, trade and investment, energy, science and technology, nuclear capabilities, and cultural exchanges.
- Emphasis on the continuation and deepening of existing partnerships rather than shifting away from long-standing alliances.
Economic Cooperation and Trade
- Both leaders reiterated the agreement to enhance bilateral trade to $100 billion by 2030.
- Focus on the early conclusion of an Free Trade Agreement (FTA) with the Eurasian Economic Union.
- Expansion of trade in sectors like pharmaceuticals, textiles, energy, particularly nuclear energy, and defense.
- Exploration of new areas such as critical minerals, shipping, shipbuilding, and joint manufacturing in defense spare parts and pharmaceuticals.
- Discussion on opportunities for skilled Indian workers in Russia.
Stance on Ukraine Conflict
- Ukraine was notably absent from the joint statement.
- India emphasized its non-support for Russia's war efforts.
- The perspective that India's economic engagement with Russia provides space for potential resolutions was highlighted.
