Iran Sells ₹24,000 Crore Missiles to Russia Amidst Deepening Alliance
Economy
C
CNBC Awaaz•14-01-2026, 16:08
Iran Sells ₹24,000 Crore Missiles to Russia Amidst Deepening Alliance
- •Iran has sold missiles worth approximately ₹24,000 crore ($2.7 billion) to Russia, with deals starting in October 2021.
- •The sales include hundreds of Fath-360 short-range ballistic missiles, 500 other short-range ballistic missiles, and 200 surface-to-air missiles.
- •Iran also supplied millions of rounds of ammunition and shells, and its Shahed-136 'kamikaze' drone technology, allowing Russia to produce Geran-2 drones.
- •Russia has spent over ₹33,000 crore ($4 billion) on Iranian military equipment since late 2021, including a $1.75 billion drone deal.
- •The alliance strengthens due to both nations facing Western sanctions and a shared confrontation with Western countries.
Why It Matters: Iran and Russia's military and economic ties are deepening significantly due to shared geopolitical challenges.
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