"New Delhi has agreed to allocate extra funds for the carrier which would be delivered to the Indian Navy in 2012, four years behind schedule," Russian officials said following what they said "successful" negotiations to break the prolonged deadlock between the two sides over multi-billion dollar cost escalation.
Indian Naval Ship Beas, India's indigenously built Brahmaputra class missile frigate, armed with state-of- the-art weapons, including the Barak anti-missile battery will hold joint naval exercises with the Russian navy.
Presenting his first budget policy before the government of Prime Minister Vladimir Putin, Medvedev said for the first time in a decade Russia would be spending more than its revenue.
At their Kremlin summit, leaders of the Collective Security Treaty Organisation (CSTO) -- comprising Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan -- signed an agreement for the creation of RAF under a joint command.
Russia has said the maiden flight of the fifth generation fighter aircraft (FGFA), being developed by its Sukhoi design bureau in tie-up with Indian aerospace and defence major Hindustan Aeronautics Ltd (HAL), will be made by the end of the year.
The Moscow and All-Russia patriarch has died at the age of 79, an official church announcement said. A senior church official quoted by RIA Novsoti said heart failure was believed to be the cause of the death.
An Indian Navy delegation travelled to Moscow on a fact-finding mission following an accident onboard a Russian nuclear submarine that was to be leased to it, even as shipbuilders blamed the inherent flaws of central control panel of the vessel for the mishap. They also said "serious work" was required to make its fire-extinguishing system "foolproof".
Imperial Energy, which operates in Siberia's Tomsk region and far eastern Kamchatka, has no strategic fields and deposits under its control, business channel RBC TV reported quoting sources in the natural resources and environment ministry. The London-based oil company owns a number of licences and hopes to produce 35,000 barrels per day (bpd) by the end of 2009 and 80,000 bpd by 2011, which could be directly exported to energy-hungry India.
Just as the US warships were heading towards the Georgian coasts in the Black Sea in the wake of four-day Caucasus war last month, Russia announced it would send a naval task force of the Northern Fleet on a tour of duty in the Atlantic Ocean and participate in joint naval drills with the Venezuelan navy in November. "Two Russian bombers have arrived in Venezuela for training exercises," Russian Defence Ministry said.
After successfully working on the contracts for the Indian navy and army, the New Delhi-based JV is now poised to expand in the international market and some of the contracts are already in the pipeline, Brahmos CEO Sivathanu Pillai said.Many nations across the globe are taking keen interest in the deadly supersonic Brahmos cruise missile, which will remain unmatched at least for the coming decade.South Africa, Chile, Kuwait are in the waiting list.
"The security of our peacekeepers and civilians has been restored," Medvedev said, adding, "The aggressor has been punished and suffered very significant losses. It's military has been disorganised." At his televised meeting with the Defence Minister Anatoly Serdyukov and Chief of General Staff General Makarov, the Russian President, however, said he ordered the military to defend itself and quell any signs of Georgian resistance.
Russian troops backed by tanks and fighter jets took control of South Ossetia on Sunday after three days of intense battle, forcing US-allied Georgia to order its forces to retreat and call for a ceasefire amid increasing international concerns about the flare-up in the region.
Buoyed by the remarkable success of the supersonic BrahMos cruise missiles, India and Russia are now mulling the joint development of a futuristic 'smart' battle tank, featuring higher speed and better firepower. "We put forward this idea (of developing the tank) at the turn of the 21st century. The Indian side has now come up with a similar proposal," Nikolai Malykh, director general of Russia's biggest tank producer Uralvagonzavod, said.
Identifying development of friendly ties with India and China as the "most important direction" of its foreign policy in Asia, Russia on Tuesday said it will further consolidate dialogue with these countries in a trilateral format as an element of the multi-polar world order.
India will get its first Akula class Russian nuclear submarine next year, equipping its navy with the quietest and lethal underwater war machine after a gap of 17 years, to enhance its water warfare capabilities.Factory trials of the multi-role nuclear submarine, christened INS Chakra, which India-will get on a 10-year-lease, commenced on June 11 at the Komsomolsk-on-Amur shipyard and will be followed by sea trials, Russian defence sources said.
"There are multiple reasons for the current food crisis, primarily because of recent cyclones in Bangladesh and Myanmar, which destroyed the entire rice crops in these countries, also exporters of rice. Now they have to import rice instead of exporting it," External Affairs Minister Pranab Mukherjee said during the deliberations on the issue at the ministerial meet in Yekaterinburg (Russia).
External Affairs Minister Pranab Mukherjee on Thursday briefed his Russian counterpart Sergei Lavrov on the Indo-US nuclear deal and raised the issues of delay in the delivery of Gorshkov aircraft carrier.
The 123 agreement between the two former Cold War rivals was signed in Moscow by the Russian Atomic Energy Corporation Rosatom chief Sergei Kiriyenko and US ambassador William Burns. The civilian nuclear cooperation pact is a result of over 20 years of tough negotiations between the two countries and provides a legal framework for the nuclear trade between the companies of the two nations.
"I have decided to stop financing the newspaper and consecutively its publication, which is related to large costs for its publication and disagreements with the editorial regarding its concept," Director-General Artyom Artyomov of 'National Media Company', which publishes Moskovsky Korrespondent, was quoted as saying by Interfax.
"There is not a single word of truth in what you mentioned," he said, responding to a question about the story of Moskovsky Korrespondent tabloid claiming that Putin plans to wed Olympic rhythmic gymnast Alina Kabayeva on June 15 and has divorced his wife Lyudmila in February.
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