Russian First Deputy PM Manturov in New Delhi to accelerate India-Russia 2030 economic framework

Analysis
Manturov's inclusion of NSA Doval in what public readouts frame as an economic visit signals a security dimension the official agenda deliberately obscures: critical-minerals cooperation and Su-57 localization are not routine industrial talking points, per single-source Indian defense-industry reporting with informal MOD access. New Delhi is using the Hormuz closure to lock in discounted Urals crude supply while finalizing S-400 transfers ahead of any future secondary-sanctions enforcement window, with the fourth squadron arriving next month and the fifth by November. The simultaneous hosting of Manturov and acceptance of Macron's Hormuz invitation in the same news cycle is a pointed signal to Washington that Indian non-alignment holds under pressure. The Trump administration's tolerance for this dual-track hedging is likely to erode in the coming months once the Iran deal closes and secondary-sanctions enforcement cycles resume.