With the signing of the lease agreement for an Akula-class nuclear-powered attack submarine worth over $3 billion, the value of defence deals between India and Russia made in the last six months has surpassed the value of defence deals struck between India and the US in the last one decade.
Following last year’s annual summit, which witnessed India and Russia sealing a $5.43 billion deal for S-400 air missile and defence systems, the two countries have inked defence deals worth over $7 billion, including the sale of submarines, short range air defence systems, frigates, and assault rifles by Russia to the Indian Armed Forces.
Russia provides two advantages that the US cannot. Firstly, it is willing to give much more technology than the US, and secondly, Russia gives strategic protection from China. Read More