Modi-Putin Arctic Pact: India & Russia's New Global Trade & Energy Frontier

• PM Modi and Russian President Putin formalized an Arctic partnership, recalibrating India's strategic positioning and aiming for joint command of new global commerce and influence.
• The Arctic's Northern Sea Route offers India a vital alternative trade conduit, bypassing vulnerable chokepoints and reducing journey times and costs.
• A key aspect of the pact is the joint production of Arctic-class vessels, providing India with revenue, jobs, and cutting-edge polar navigation technology transfer.
• The partnership provides India access to Russian Arctic LNG, crude oil, and rare earth minerals, crucial for energy security and industrial development.

Why It Matters: India's Arctic collaboration with Russia secures vital resources and new trade routes.