India signed five deals Friday to purchase more than $7 billion in hardware and expertise from Russia, including an aircraft carrier, a fleet of MIG-29 fighters, defense and space technology and at least 12 civilian nuclear reactors. Full Story »
Posted by EGR - via LA Times (Top News), NewsRack (Energy), NewsRack (Business)
India is courting both Russia and the US-wise diplomacy-to purchase weapons and support for indigenous defense industries. This has become a vexing problem in recent years- one with long-term ramifications. As indicated, China cannot ignore this ongoing situation and the US is defiantly “in the room” as a major player. This relationship is complex and its drivers as not as clear as they were puts India in a strong position.. No matter, India is aiding Russia in developing a ... More »
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