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12 December 2014, i24News.com

i24 News – Energy, nuclear deals on table for Putin’s India trip

Gateway House's geoeconomics expert Rajrishi Singhal was quoted in a report by i24 News on Russian President Putin's visit to New Delhi and the India-Russia deal on polishing of uncut diamonds in India

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Russian President Vladimir Putin will seek to “recharge” ties when he visits India Wednesday for a one-day summit, promising deals on natural gas and new nuclear power units for the energy-starved country.

India — the world’s third largest oil importer behind the United States and China — has been buying oil mainly from the Middle East but the region’s volatility has prompted the government to consider other options.

Russia, which has the world’s second-biggest natural gas reserves, is looking to expand energy links with Asian nations to counter sanctions from the US and its allies in the West.

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