Hulk
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India doesn't own Russia of course not but it is common sense Russia will follow the money, I'll just outline the current deals large defence India has with Russia:
FGFA- $30BN
Su-30MKIs (and Super Upgrades)- around $3BN
29 follow-on MiG-29K/KUB $1.2BN
Bhramos ongoing orders- value hard to estimate but upwards of $5BN easily
T-90S- $1.5BN
MiG-29UPG- around $700MN
Prospective deals:
3 more Talwar class stealth frigates- $1BN
LUH/RSH-$1.5BN
2 more A-50 for 2 follow-on PHALCON AWACS for the IAF- $500MN
There's lots i'm omitting I'm sure but I think you get the picture.
It's pretty clear Russia stands to gain A LOT more from India than Pakistan and the first rule of business is the customer is always right. Forget the talk of friendships, this is pure business and right now and looking ahead India is the more attractive market than Pakistan unless this changes nothing will change.
If you can give me one reason Russia should put 10s and 10s of billions of money in their pocket on the line, at a time the West is putting the squeeze on other potential defence markets for Russia, and go for this deal with Paksitan I am all ears....
I would say that the Indian media gets away with spewing a lot BS by citing "unnamed sources", every time I see something written by the Indian media that doesn't really go along with what is officially accepted the article is using these pesky "unnamed sources" making it very hard to take such news seriously.
At the same time I would say that Russia has shot itself in the foot big time IF this is true. Not two years ago Russian Deputy Prime Minister Dmitry Rogozin stated himself Russia would never arm India's enemies and now look......
Let's be honest if it really is a "us or them" ultimatum laid down by India, Russia isn't going to choose Pakistan....
Still has billions in defence deals to themselves, they may be greedy but they are not stupid yes they've lot out in many deals but they are still getting a lot of business from India.
They do not understand that Pakistan hardly can give any business to them. Even if they have opened doors to you, how much can you really buy with broke economy? In contrast even when India has reduced purchase from Russia still whatever they have is way more than what Pakistan can offer. Therefore India can use its influence to stifle or reduce the size of deal.