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India Approves $25 Billion Russian Defense Package Amid Oil Talks

3/31/2026

Summary

Story summary

On March 27, the Ministry of Defense confirmed India approved a $25 billion defense package from Russia, including S-400 missile systems, transport aircraft, and strike drones.
Separately, the Ministry of Defense announced a $47 million Tunguska missile systems contract.
This fiscal year, India approved 55 defense proposals worth $71 billion.
Discussions with Russia included increasing crude oil sales to India, potentially raising Russia's share of India's oil imports to 40%.

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Story summary

On March 27, the Ministry of Defense confirmed India approved a $25 billion defense package from Russia, including S-400 missile systems, transport aircraft, and strike drones.
Separately, the Ministry of Defense announced a $47 million Tunguska missile systems contract.
This fiscal year, India approved 55 defense proposals worth $71 billion.
Discussions with Russia included increasing crude oil sales to India, potentially raising Russia's share of India's oil imports to 40%.