The Soviet Union began to provide economic assistance to India from February 2, 1955, when the two countries signed the loan agreement for Bilai Iron and Steel Plant. By March 1978, the Soviet Union promised to give India a loan of 654.38+04.365.438+00 billion rupees and a grant of 65.438+02 billion rupees, totaling 65.438+0443 billion rupees. It accounts for 6.7 million rupees of all foreign aid received by India (excluding the 2.02 billion rupees wheat loan provided by the Soviet Union 1973, and India repaid it in kind in 1977, with a ratio of 5.7 pa) (see table 1). Including wheat loans, the actual use of Soviet loans of 65.438+0 billion rupees and grants of 654.38+0.65438+0 billion rupees. Besides Grant, there are four others. The committed loan is Rs. 365,438+billion, including Rs. 2. /kloc-22 billion rupees promised before 0/966. According to official Soviet statistics, as of 1979 1 month 1 day, there were 74 Soviet aid projects to India, of which 53 were put into production (see table 2). At present, Soviet aid projects have provided India13 steel ingot output,15 electricity, 60% crude oil, 30-gut petroleum products, 80% metallurgical equipment and 60-gut hydropower generation. Soviet aid is mainly loans, and most of them were promised before the end of 1966. By the end of 1966, there were 8 loans with a total amount of102438+0 million rupees.
199 1 year, the situation changed suddenly, the Soviet Union disintegrated, and Russia inherited most of the Soviet Union's heritage. However, what followed was the sharp depreciation of the ruble, which almost became waste paper. At this time, Sam felt that he had a chance to fish in troubled waters and paid off all his debts to Russia with the Soviet ruble of 199 1. At that time, it could be said that Russia was in urgent need of money to save lives.