(CTN News) – During a press conference in Moscow, Russian Foreign Minister Sergei Lavrov announced that Russia and India have made significant progress in their discussions regarding the joint production of military equipment.
Lavrov emphasized that this collaboration holds strategic importance and serves the interests of both nations, contributing to the overall security of the Eurasian continent.
Furthermore, Lavrov acknowledged India’s intention to diversify its sources of military hardware and assured that Moscow is prepared to support India’s aspiration to manufacture necessary equipment within its borders.
In addition, Kremlin spokesman Dmitry Peskov confirmed that Russian President Vladimir Putin would hold a meeting with Indian counterpart Subrahmanyam Jaishankar later that day.
Jaishankar expressed his anticipation for a meeting between Putin and Indian Prime Minister Narendra Modi in the coming year.
During their conversation, Jaishankar and Lavrov discussed various subjects, including the conflicts in Ukraine and Gaza, as well as trade and investment between their countries.
Following the imposition of sanctions by the West in 2022 due to the Ukrainian war,
India has become an important economic partner for Russia.
In response, Russia has increased its oil exports to India and has actively engaged with other BRICS nations, both of which are founding members. Jaishankar mentioned that the trade between India is expected to surpass $50 billion this year.
Furthermore, he expressed India’s interest in signing a bilateral investment treaty with Russia and a free trade agreement with the Eurasian Economic Union, which is led by Moscow.