RUSSIA IS LOSING MARKET TO WESTERN SUPPLIERS
Nantoo Banerjee
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2020-03-09 16:14
It is interesting to note that the international arms trade in the south and south-east asian regions is fast getting narrowed down between two major suppliers, the United States and the People’s Republic of China. Russia, traditionally a major player, is steadily losing ground to the two more aggressive arms traders — the US and China. For the US, raising arms exports to India appears to be more important than striking a bilateral trade deal between the two countries. This became amply clear during the recent two-day visit of India by President Donald Trump. At the very beginning of his trip, Trump announced in Ahmedabad that he and Prime Minister Narendra Modi would sign off on a $3.5 billion arms deal, which would see the sale of 24 Sikorsky MH-60R Sea Hawk multi-role helicopters for the Indian Navy and six Boeing AH-64E Apache Guardian attack helicopters for the Indian Army. However, the two leaders failed to agree to an anticipated general trade deal.