India & Russia's strategic partnership extended through 2030

Other significant developments from “productive talks” between Modi and Putin on Tuesday include:

▪️ Moscow and New Delhi are considering signing a long-term oil deal - Russia’s Deputy PM

▪️ PM Modi and Putin have set a goal of achieving $100bn in trade between the two countries by 2030 - India's MEA

▪️ Modi pledged “any assistance” to achieve peace in Ukraine, said Putin’s position was a cause for “optimism”.

▪️ Putin and Modi have also discussed potentially mutually introducing Russia’s and India’s domestic payment systems into each other’s markets

#India #Russia - Boost

🇪🇺🇮🇳🇫🇷 This is an interesting news story that illustrates the challenges facing the European defense industry. According to the report, the head of the French Army General Staff's department stated that Paris is considering purchasing the Indian Pinaka multi-barrel rocket launcher system as a replacement for the aging American M270 MLRS.

It appears that France is unable to meet its needs for rocket artillery either on its own or with the help of its NATO European allies. As a result, they are forced to turn to India, a relatively new player in the global arms market, for supplies of conventional MLRS.

While it would be hasty to write off the French military industry - they produce advanced systems like CAESAR, Rafale, Mistral, and SCALP-EG - the fact that France is now looking at acquiring Indian artillery is quite remarkable, as this would have been unthinkable just 10 years ago.

This is part of a broader trend in the EU, where significant stockpiles have been depleted by donations to Ukraine, and domestic products often have mediocre characteristics at exorbitant costs. As a result, European NATO countries are increasingly turning to "external" suppliers, including those that were previously unknown.

If France can at least cover some of its needs on its own, the other European NATO countries will be forced to rely almost entirely on imports from the US and its Asian allies, producing only a few individual weapons and equipment models domestically.

#EU #India #France
@rybar

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❗️Putin holds talks with India’s Defense Chief Rajnath Singh

Singh earlier declared that India "will always be" with Russian colleagues, despite "enormous pressure" on New Delhi.

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Indian PM Modi tells Lex Fridman path to Ukraine peace ONLY at negotiating table

'I can tell President Zelensky, brother, regardless of how many people stand with you in the world, there will NEVER be resolution on the battlefield' he tells Lex.

#India #Ukraine #Russia