ThePrint CutTheClutter: India-Russia trade imbalance to defence ties: 11 highlights from Putin-Modi talks,& message to Trump
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Dec 5, 2025 Snehesh Alex Philip, a Defence and Diplomacy editor with deep insights into geopolitical issues, joins to discuss the highlights of the Modi-Putin talks. They explore strategic cooperation in defense, including joint military production and localization of components. The conversation delves into India's reliance on Russian fertilizers, new transport corridors, and initiatives in the Arctic. They also touch on critical minerals, arms-control treaties, and collaborative efforts to combat online radicalization and UAV misuse.
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Strategic Partnership Reaffirmed
- India and Russia produced a dense 70-paragraph joint statement reflecting deep strategic ties despite the Ukraine war and Western scrutiny.
- The visit reaffirmed a special and privileged strategic partnership dating back 25 years and elevated in 2010.
Currency And Payment Cooperation
- India and Russia agreed to pursue bilateral settlements in national currencies and interoperable payment systems.
- They also committed to sharing Central Bank Digital Currency (CBDC) platforms to reduce reliance on SWIFT amid sanctions pressure.
Fertilizer Dependence Highlighted
- Russia supplies a large share of India's fertilizers, creating vulnerability amid global disruptions.
- The joint statement aims to stabilize supplies and pursue joint ventures to manufacture fertilizers in India.