Russian arms exports to India have reached $13 billion over the past five years, according to the state-linked Interfax news agency, while an additional $10 billion of exports are on order.
Despite western sanctions on the Russian arms industry, Dmitry Shugayev, the head of Russia's Federal Service for Military-Technical Co-operation, said that there remains strong interest from buyers, particularly in Asia, from countries including China and India.
“Despite the unprecedented pressure on India from western countries led by the United States in connection with Russia's special operation in Ukraine, it continues to be one of Russia's main partners in the field of military-technical co-operation,” Interfax agency quoted Mr Shugayev as saying.
Mr Shugayev referred to Russia’s invasion of Ukraine in February last year, which involved about 200,000 soldiers and thousands of tanks advancing towards Kyiv and gaining control of several southern ports.
Interfax claimed Russia’s arms exports have not been affected by the war, which continues to absorb vast amounts of Russian military hardware. Some analysts say this has led to a reduction in exports, in addition to the threat of sanctions against anyone who purchases Russian equipment.
At a defence expo in Moscow in August, Alexander Mikheyev, the director general of Russian arms company Rosoboronexport, said he expected Russia’s arms exports to drop to about $10 billion for 2022 from a pre-war level of $14 billion.
Following the onset of Ukraine war, Indian media reports suggested that Delhi had cancelled an order of Russian MiG-29 fighter jets after pressure from the US. But Mr Shugayev said at a defence show in August that the orders would still go ahead, in addition to Russian companies sending a range of other equipment, including shoulder-launched anti-aircraft missiles.
The US recently estimated that Russia had lost half of its operational tanks in the conflict and there have long been reports that Russia is running low on precision-guided weapons such as cruise missiles, and turning to Iran for cheaper alternatives such as one-way attack drones, sometimes dubbed “kamikaze drones.”
According to Interfax, Russia continues to export around $14-15 billion worth of arms per year, about the same as its pre-war exports.
Mr Shugayev said Asian customers are particularly interested in Russia's S-400 Triumf missile defence systems, short-range surface-to-air missiles systems such as the Osa, Pechora or Strela, as well as Su-30 and MiG-29 planes, helicopters and drones.
Another Russian military official was quoted by Interfax as saying that Moscow was producing S-400 Triumf surface-to-air missile systems for India and intended to complete the deliveries on time.
Russia's Tass state news agency said that Russia will present about 200 samples of weapons and military equipment at the 14th international aerospace exhibition Aero India 2023, which opens on Monday in Bengaluru.
India is scouting for billions of dollars worth of military planes, completing jetliner deals to meet civilian demand and pressing global aircraft manufacturers to produce more locally at the show this week.
Mohammed bin Zayed Majlis
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The specs
Engine: four-litre V6 and 3.5-litre V6 twin-turbo
Transmission: six-speed and 10-speed
Power: 271 and 409 horsepower
Torque: 385 and 650Nm
Price: from Dh229,900 to Dh355,000
UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
Mohammed bin Zayed Majlis
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Zayed Sustainability Prize
Killing of Qassem Suleimani
Killing of Qassem Suleimani
Also on December 7 to 9, the third edition of the Gulf Car Festival (www.gulfcarfestival.com) will take over Dubai Festival City Mall, a new venue for the event. Last year's festival brought together about 900 cars worth more than Dh300 million from across the Emirates and wider Gulf region – and that first figure is set to swell by several hundred this time around, with between 1,000 and 1,200 cars expected. The first day is themed around American muscle; the second centres on supercars, exotics, European cars and classics; and the final day will major in JDM (Japanese domestic market) cars, tuned vehicles and trucks. Individuals and car clubs can register their vehicles, although the festival isn’t all static displays, with stunt drifting, a rev battle, car pulls and a burnout competition.
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THE SPECS
Engine: 1.5-litre
Transmission: 6-speed automatic
Power: 110 horsepower
Torque: 147Nm
Price: From Dh59,700
On sale: now
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PSG's line up
GK: Alphonse Areola (youth academy)
Defence - RB: Dani Alves (free transfer); CB: Marquinhos (€31.4 million); CB: Thiago Silva (€42m); LB: Layvin Kurzawa (€23m)
Midfield - Angel di Maria (€47m); Adrien Rabiot (youth academy); Marco Verratti (€12m)
Forwards - Neymar (€222m); Edinson Cavani (€63m); Kylian Mbappe (initial: loan; to buy: €180m)
Total cost: €440.4m (€620.4m if Mbappe makes permanent move)
UAE currency: the story behind the money in your pockets
