During the government of India's PM Narasimha rao and Russia's president Boris Yeltsin in 1992:-
1. Russia favoured strategic co-operation with India
2. Russia decided to supply another three million tonnes of oil to India in 1993

In 1993, PM Rao visit to Russia and they sign the 20 years Treaty of Friendship with Russia and Russia decided to support India in the UN Security Council on the Kashmir issues.

In 1994, Russia president visit to India:-
1.India and Russia signed eight agreements covering such vital areas as defence, technology and space exploration.
2.Russia assured India that it has no desire to supply arms to Pakistan.

In April 15,2000, President Putin signed a treaty with India to curbing terrorism.

In 2000, India and Russia signed ten agreements to enhance their bilateral ties in various fields. They also decided to set up an Inter-governmental commission on defence and technical co-operation.

On 20 Jan, 2004, India and Russia signed the historic and their biggest ever defence deal of almost rupees 7000 crores under the government of Atal bihari Vajpayee.

Overview of Bipolarity
Bipolarity refers to the global power structure characterized by two dominant superpowers that influence international relations. During the Cold War, this was embodied by the United States and the Soviet Union.
Key Features of Bipolarity
- Two Superpowers: The world was primarily divided between two ideologically opposed superpowers, leading to a clear dichotomy in international politics.
- Military Alliances: Each superpower formed military alliances (NATO for the US and the Warsaw Pact for the USSR) which further solidified their influence.
- Ideological Conflict: The tension between capitalism (led by the US) and communism (led by the USSR) defined global politics and led to proxy wars in various regions.
Impact on Global Politics
- Stability and Instability: While bipolarity provided a certain level of stability due to clear power dynamics, it also led to conflicts, as seen in Vietnam, Korea, and Afghanistan.
- Influence on Third World Countries: Many nations were caught in the crossfire, having to align with one of the superpowers to gain military and economic support.
Transition to Unipolarity and Multipolarity
- End of the Cold War: The dissolution of the Soviet Union in 1991 marked the decline of bipolarity, leading to a unipolar world dominated by the US.
- Emergence of Multipolarity: Recent trends indicate a shift towards a multipolar world with the rise of countries like China, India, and the European Union, challenging the US dominance.
Conclusion
Understanding bipolarity is crucial for grasping the evolution of international relations and the ongoing changes in global power dynamics. The transition from a bipolar to a multipolar world poses new challenges and opportunities for nations.