CAATSA Current Affairs - 2020

OPEC and Russia approve biggest Oil Cuts

The Organization of Petroleum Exporting Countries (OPEC) and Russia have come together to cut oil output by 10%. This is being done to control the falling oil prices amidst lock down all over the world due to COVID-19. Background The Russian Government earlier refuted to sign the deal when Saudi Arabia initiated production cuts. Russian Read More…

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Oil Prices plunge by 20% as OPEC fails to make a deal

On March 9, 2020, the prices of crude oil plunged by 20% after OPEC to failed to make a deal in making production cuts. Highlights The Saudi Arabia and its major allies like Kuwait, Iraq and UAE initiated to make a deal at the OPEC to reduce production of oil. This was proposed predicting reduction Read More…

India and Russia Defence Deals to cross 16 billion USD after DefExpo 2020

India and Russia have signed 14 MoUs during the DefExpo 2020. It included land, air, naval and other hi-tech civilian products. With the agreements signed the Defence trade between the countries is to cross 16 billion USD. Highlights The trade of 16 billion USD between the countries includes S400 missiles, Kamov helicopters and Kalashnikov rifles. Read More…

Exercise Indra: Joint tri service Exercise between India and Russia

The Joint tri service exercise between India and Russia, INDRA 2019 is to be held between December 10-19, 2019 in Pune. The event is planned for 10 days between army, naval and air force forces of both the countries. Highlights The exercise is to be held in Pune and Goa simultaneously. Fighter aircrafts, company sized Read More…

Fact Sheet: India-Vietnam Defence Cooperation

Both India and Vietnam attach great importance to defence cooperation. India is one of only three countries with whom Vietnam has a comprehensive strategic partnership. Defence ties between India and Vietnam are guided by the “Common Vision on Defense Ties 2015-20”. Common Vision on Defense Ties In 2005, India and Vietnam have signed a Joint Read More…