Interesting. I didn't know of the Rupee-Ruble arrangement. Wonder if we can have similar arrangements with other countries.When we say dumping, the Russians are actually giving up the dollar for other currencies like the euro and yen, including the ruble, nothing more. For example, Indo-Russian defence trade is now being done using rupees and rubles. So a Russian bank has set up a branch in India, GoI deposits rupees into the Indian branch and RoE withdraws an equal amount in rubles from the Russian branch. This way the USD was completely bypassed, so there's no circulation of the USD in the Russian financial market, hence the currency depreciates.
Another way is for the Russian central bank to simply buy up dollars, euros etc in exchange for rubles. This weakens currency since the supply of forex becomes low.
Anyway the main reason why ruble weakened is because foreign investors simply quit Russia due to sanctions. The Russians are simply making full use of their weakened currency in the export market.
15% was by component count not be cost. By cost the Russian share is bigger. I agree that the engine is still Russian, but I refuse to believe that the engine accounts for only 15% of the components.You can actually assume that while 85% of the Brahmos will soon be Indian, the remaining 15% is the engine that's imported. 15% is pretty reasonable for the cost of the engine.
If you recall, the seeker & the booster et al were also in Russia's workshare. That clearly wont be the case going forward. Replacing the engine will be very difficult. But the effort is clearly to chip away & reduce Russian IP.As per the JV, India and Russia will each work on their own share as the lead. At best, we may have some design input and Indianisation of some parts, but I don't think any missile being developed under Brahmos Aerospace will ever have an Indian engine, because then it will no longer be a JV. DRDO's indigenous engines are aimed towards other fully Indian-designed missiles, like the LR-LACM, rather than Brahmos.
Profits get divided by shareholding, so no mater what the Russians will get 49% of the profits. That hasn't stopped us from replacing many Russian components on the Brahmos-1. Why would that change now ?DRDO may try to get more done for Brahmos-2 though. But I think it's gonna be pretty dumb to do it with the Russians if we simply replace the Zircon's engine with an Indian one and then give them nealy half of the profits from Brahmos Aerospace. Which is why I think Brahmos-2 will be a missile with Indian airframe, warhead, seeker, guidance, booster etc mated to a Russian engine with Russian-concocted fuel, no different from the Brahmos-1 family.
I see the profit share as an inherited problem created by the circumstances of the past. I don't think Russia & India would have formed the Brahmos Aerospace had the Soviet Union never collapsed. Their economic vulnerability made them share many critical technologies in the past. That cannot be undone. Just like that our technological inabilities led to dependence on other nations for weapons. Currently both nations are trying to rectify their past problems to varying degrees of success.


