Indo-Russian ties set to ascend new heights in coming years | world | Hindustan Times
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Indo-Russian ties set to ascend new heights in coming years

world Updated: Dec 26, 2008 11:22 IST

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Russian President Dmitry Medvedev's maiden visit to India appears to be a new signal by Moscow to give a fresh start to Indo-Russian bilateral ties, which in 2008 lost past bonhomie and sheen apparently due to India's growing closeness to the US.

In spite of the officials of the two nations putting up a brave face, trade figures make it clear that without a vibrant economic dimension and business-to-business contacts, the bilateral relations are leading nowhere.

It is not only that traditional Indo-Russian four decade strong close relationship is threatened, but question marks looms even on the extremely close defence and security ties.

The lack in warmth in bilateral ties is being attributed to Moscow being wary to warming up of New Delhi to Washington after the Indo-US civilian nuclear deal and Russian leaders being engrossed in their own internal power configurations.

A sudden windfall foreign exchange income from the Siberian oil fields triggered by the massive soaring of oil prices, also contributed to the crisis, as it made the Kremlin leaders look more westwards.