07/10/24

Permalink India Strikes Strategic Uranium And Military Deal With Russia

Indian Prime Minister Narendra Modi visits Russia aiming to finalize a crucial uranium supply agreement for a nuclear power plant in Tamil Nadu. | This visit marks a significant step to strengthen ties between the two countries after five years. Alongside the uranium deal, India and Russia are expected to sign a military agreement allowing mutual use of facilities for training and operations. The move comes amidst rising global demand for nuclear energy, driving uranium prices up sharply. India, facing depleting domestic reserves, increasingly relies on imports from countries like Russia, Kazakhstan, and Canada. The agreements could reshape India’s energy security and military cooperation in strategic maritime regions, underscoring the geopolitical stakes at play. According to senior sources familiar with the situation, Russia and India are expected to reach an agreement on a long-term uranium supply for a nuclear power station set to begin operations in the southern state of Tamil Nadu.

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