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India and Russia sign energy, defense deals worth billions
India and Russia signed billions of dollars of defense and energy deals on Saturday at a summit that sought to inject new life into a relationship that has been tested by shifting global alliances and conflict in the Middle East.
Under the biggest agreement, a group led by Russian state oil major Rosneft (ROSN.MM) said it would pay $12.9 billion for a controlling stake in both India’s Essar Oil and port facilities that it owns.
The countries, which had strong ties during the Cold War, announced plans for a joint venture to build helicopters in India. New Delhi said it would also buy surface-to-air missile systems and stealth frigates from Moscow.
“Ours is a truly unique and privileged relationship,” Indian Prime Minister Narendra Modi said after talks with Russian President Vladimir Putin in the western seaside state of Goa.
Modi said that his views were aligned with Putin’s on the unstable situation in Afghanistan and the Middle East, where Moscow is at odds with the West in the five-year-old civil war in Syria that has killed hundreds of thousands.
“We are conducting a comprehensive dialog on a wide scale of international issues, in which Indian and Russian approaches are close to each other or coincide,” said Putin.
Modi also praised Putin’s support for the fight against international terrorism, which India accuses its neighbor and rival Pakistan of sponsoring. “Russia’s clear stand on the need to combat terrorism mirrors our own,” Modi said.
MULTIPLE DEALS
The Rosneft-Essar deal will be the biggest foreign takeover in India, and Russia’s largest outbound deal, according to Thomson Reuters data.
It comes as Russia moves to reassert its role in global affairs and at a time when its own economy is stagnant, hit by Western sanctions and low oil prices.
Under the deal, a group led by Rosneft will acquire 98 percent of Essar Oil, and with it a 400,000 barrels-per-day refinery and port at Vadinar for $12.9 billion, the two sides said.
Russian state bank VTB (VTBR.MM) said it would refinance $3.9 billion owed by the Essar Group. Rosneft would pay $3.5 billion and its partners, oil trader Trafigura and investment fund UCP the same amount for an equal joint stake.
The refinery deal follows a string of upstream investments in Russia by Indian companies in recent months that, Modi said, were worth $5.5 billion.
Also on display was Russia’s nuclear prowess, with the second reactor of the Russian-built Kudankulam plant in Tamil Nadu hooked up to the grid and concrete being poured in a ceremony carried by a TV linkup to mark the start of work on the third and fourth reactors there.
Putin said that Russia would be able to build a dozen nuclear reactors in India over the next 20 years to back Modi’s growth strategy for Asia’s third-largest economy, which continues to suffer chronic power shortages.
HELICOPTERS, MISSILES, SHIPS
The defense pacts will also deepen military ties between the two countries that dates back to the Soviet era, when India entirely depended on Moscow to equip its armed forces. The United States has since taken over as India’s top arms supplier.
Indian military officials have said the plan is for the joint venture to build at least 200 Kamov 226t helicopters required by the country’s defense forces. Hindustan Aeronautics Ltd will be the local partner of Russian Helicopters and state arms exporter Rosoboronexport.
The S-400 surface-to-air missiles would strengthen India’s defenses along its borders with China and Pakistan, Indian military officials have said. Also agreed were plans to build and supply stealth frigates for the Indian navy.
Russia’s Deputy Prime Minister Dmitry Rogozin, who is in charge of space and military industries, said two frigates could be built in India and two in Russia, RIA news agency reported. Rogozin said the ships may later be equipped with missiles manufactured by BrahMos Aerospace, a venture co-owned by the Indian and Russian governments.
Latest News
Afghan community in California condemns Pakistani strikes amid growing global protests
The gathering in California follows a series of protests held last week by Afghan communities in Europe, highlighting growing concern among the diaspora over the deteriorating security situation.
Members of the Afghan diaspora in the United States have joined a widening wave of international condemnation over recent Pakistani military strikes on Afghan territory, as tensions along the disputed Durand Line continue to escalate.
A group of Afghan citizens in Sacramento gathered this week to denounce the attacks, describing them as a violation of sovereignty and a threat to civilian lives. Participants issued a formal resolution calling on the international community to investigate the strikes and hold those responsible accountable.
Speakers at the event warned that continued military action risks deepening instability in the region, urging global leaders to take the situation seriously and push for measures to prevent further escalation.
The gathering in California follows a series of protests held last week by Afghan communities in Europe, highlighting growing concern among the diaspora over the deteriorating security situation.
In London, hundreds of demonstrators marched through central streets, chanting slogans against the strikes and calling for urgent international intervention.
Protesters pointed to rising civilian casualties in eastern Afghanistan and warned that repeated shelling along the Durand Line could further destabilize already fragile local communities.
Meanwhile, in Oslo, members of the Afghan community gathered outside the Norwegian Parliament to voice similar concerns. Organizers said a formal resolution was submitted to national authorities, as well as to the United Nations and the International Criminal Court, urging immediate steps to halt the violence and ensure civilian protection.
The demonstrations come amid renewed tensions between Afghanistan and Pakistan, where cross-Durand Line clashes and artillery exchanges have periodically flared. Analysts warn that without sustained diplomatic engagement, the situation risks escalating into a broader security crisis with far-reaching regional implications.
International Sports
IPL 2026: Lucknow hold nerve in final over to defeat Sunrisers
The match went down to the wire, with Sunriser’s bowlers applying pressure in the death overs through tight lines and clever variations.
Lucknow Super Giants edged out Sunrisers Hyderabad in a thrilling Indian Premier League (IPL) encounter on Sunday, completing a tense run chase in the final over to register a crucial early-season win.
Batting first, Sunrisers posted a competitive total built around a fluent innings from Heinrich Klaasen, who once again demonstrated his ability to accelerate in the middle overs. He found support from the top order, helping the hosts set what looked like a defendable target on a surface offering some assistance to bowlers.
In response, Lucknow’s chase was steady rather than explosive. Early wickets threatened to derail their innings, but captain Rishabh Pant played a composed and calculated knock, anchoring the innings while rotating strike effectively.
Nicholas Pooran provided a late surge with some aggressive hitting, shifting momentum back in Lucknow’s favour.
The match went down to the wire, with Sunriser’s bowlers applying pressure in the death overs through tight lines and clever variations. However, Lucknow kept their composure, finding the boundaries when needed to cross the line with just one delivery remaining.
The win gives Lucknow Super Giants valuable momentum in the opening phase of the tournament, while Sunrisers Hyderabad will take positives from their batting performance but look to tighten their execution at the death.
Focus now moves to Monday’s fixture which sees Kolkata Knight Riders face Punjab Kings in what is expected to be a high-tempo contest.
Kolkata’s strength lies in their all-round depth, with power hitters and a varied bowling attack capable of adapting to different conditions. Punjab Kings, on the other hand, will be banking on their explosive top order and improved bowling unit to deliver a more complete performance.
Both teams are still shaping their combinations, making this an important match for building rhythm and consistency as the league stage progresses.
Fans across Afghanistan can follow every moment of the IPL live on Ariana Television Network, which holds exclusive broadcast rights for the tournament.
Viewers are also encouraged to stay connected via the social media platforms of Ariana Television and Ariana News for updated match schedules, live coverage details, highlights, and breaking IPL news throughout the season.
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