1. OLD FRIENDS

    Russia, India Sign Billion-Dollar Arms Deal

    Russian President Vladimir Putin (L) shakes hands with Indian Prime Minister Manmohan Singh ahead of a meeting at Singh's residence in New Delhi on December 24, 2012.  Visiting Russian President Vladimir Putin, seeking to tighten defence ties with India and double trade within three years,  met Prime Minister Manmohan Singh for talks. Accompanied by several senior ministers and military officials, Putin was making a one-day trip to India, a traditional Russian ally which he had not visited since resuming the presidency in May.   AFP PHOTO/Mustafa Quraishi/POOL        (Photo credit should read Mustafa Quraishi/AFP/Getty Images)

    Mustafa Quraishi, AFP / Getty Images

    All they want for Christmas is billions of dollars worth of weapons. Vladimir Putin and Indian Prime Minister Manmohan Singh, that is. Putin celebrated Russia’s newly invigorated alliance with its old–Cold War buddy Monday as officials from both countries signed billion-dollar weapons deals that include contracts for the delivery of 71 Mil Mi-17 military helicopters and an agreement to build 42 Sukhoi Su-30 fighter jets in India with Russian components. “We agreed to further strengthen the traditions of close cooperation in the military and technical areas,” said Putin.

    Read it at Associated Press