Contents tagged with India
India, Russia and China are investigating the possibility of creating an alternative to the SWIFT (Society for Worldwide Interbank Financial Telecommunication) payment mechanism which is prevalent in the US, in an attempt to make it easier to trade with countries under US sanctions, The Economic Times reports, citing informed sources.
According to the news outlet, Russia’s System for Transfer of Financial Messages (SPFS) might be connected to China’s Cross-Border Interbank Payment System (CIPS) …
India is purchasing French 4th generation Rafale fighters instead of Russian Su-30MKI fighters because the former’s capabilities are superior to the latter’s, The Economic Times reports.
The Indian news outlet writes that the Rafale’s extended loitering ability is 50% greater than the Su-30MKI’s. The former’s flight range is 780-1055 km, as opposed to the latter’s 400-550 km. The French fighter can also be scrambled up to five times a day compared to the Russian fighter’s three times. …
After the transfer of the early warning system for missile attack technology to China, Russia plans to hand over several military technologies to India.
Russian officials are negotiating with India the possibility of joint production of Su-30MKI fighter jets, reports Vedomosti news outlet, citing a source close to the Russian Defense Ministry. The parties are discussing the possible sale of 12 to 18 kits to assemble Su-30MKI fighter jets at the factories of the Indian state-owned aerospace and …
In an attempt to poach the contract from competitors, Russia plans to offer its own self-propelled surface-to-air missile systems to India while Indian Defense Minister Rajnath Singh is in the country this week. Singh will be visiting Moscow to attend a session of the India-Russia Inter-Governmental Commission on Military Technical Cooperation (IRIGC-MTC).
An anonymous high-level source told Financial Express that during the meeting with Singh, Russian officials will urge India to reconsider …
The Indian media has been reporting a decision by the country’s military to “seriously upgrade” its precision munitions arsenal by acquiring US-produced 155 mm M982 Excalibur guided artillery shells. The munitions will be used to equip divisions armed with M777 and Vajra K9 howitzers.
India’s military command has reportedly evaluated the precision artillery munitions on the global market and concluded that the M982 Excalibur would be the “most suitable choice” for the Indian army. Other …
India is set to give Russia a $1 billion credit line, said Indian Prime Minister Narendra Modi at a plenary session of the Eastern Economic Forum, which is being held in Vladivostok, Russia, between September 4 and 6. The funds will be used to develop the Far East.
The Indian head of state emphasized that it is completely unprecedented for India to give another country a loan. “Today’s announcement on the allocation of a credit line will be a starting platform for us, from which we will grow …
Following China’s example, India now intends to start importing timber from Siberia and the Russian Far East.
According to the India Times, the possibility of importing more timber from Russia was discussed between August 11-13 in Vladivostok, Russia, during a visit by an Indian delegation that was led by Minister of Commerce and Industry Piyush Goyal and included the heads of four Indian states and 140 Indian companies.
On the Russian side, the talks were attended by Deputy Prime Minister …
India and Russia signed an agreement for the supply of a batch of R-27 aircraft missiles, which will be used for Su-30MKI fighter jets of the Indian Air Force, reports Asian News International news agency.
According to this information, the cost of the contract was 15 billion rupees (more than $200 million). These missiles have increased range and will allow fighters to hit enemy aircraft from a long distance, notes ANI.
The news agency does not reveal any other details of the agreement.
One of the largest Israeli arms exporters Rafael (Rafael Advanced Defense Systems Ltd.) signed a contract with KRAS company to produce 1,000 medium-range missiles for the Barak 8 anti-aircraft missile systems, developed jointly by Israel and India. The amount of a deal is $100 million.
Under the terms of the agreement, KRAS will act as a subcontractor and will be responsible for the assembly, integration, and testing of missiles in India. KRAS is a joint venture between Rafael and the Indian …
After nearly a year of being at an impasse, Russia’s arms deal negotiations with India have moved forward.
Moscow and Delhi have agreed to a new settlement scheme for defense contracts, which have been under US sanctions since 2018, said Vladimir Drozhzhov, deputy director of Russia’s Federal Service for Military-Technical Cooperation, on Tuesday.
The details of how this mechanism works are classified, Drozhzhov emphasized. The scheme, which is “fully agreed upon”, is “permanent and mutually …