India and Russia have sealed defense deals worth billions of dollars during a visit by the Russian president, in a move which reaffirms the long-standing strategic alliance between the two countries.

Calling Russia a key partner in the effort to modernize India’s armed forces, Indian Prime Minister Manmohan Singh announced the deal to buy 71 military helicopters worth $1.3 billion, and kits to assemble 42 Sukhoi fighter jets worth $1.6 billion.

India and Russia were close allies during … [Read More]

—–
Source: VOA News: Economy and Finance