Real Estate

If Prime Minister Vladimir Putin had gone...

common enemies and rivals, such as the United States and, at that point, China.

When Boris Yeltsin was president, Russian-Indian relations literally collapsed. Nevertheless, mistakes could not be undone and the past cannot be revisited, and so Russia and India underwent a series of reforms, effectively creating new elites and new economic models, if not entirely new societies. The two countries then had to rebuild their relations from the ground up, relying on the common understanding that two very large, globally important and historically friendly countries should be friendly, even if their friendship was carefully orchestrated.

Over the past ten years, India, Russia and the rest of the world have changed dramatically, and so the Putin-Vajpayee plan had to be adjusted more than once. As a result, what we have is not exactly what was planned, although the results are highly instructive.

Let us take the $10 billion contracts expected to be signed during

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