India-Russia: Why Putin and Modi are meeting in Delhi

BBC
BBC
6d ago • 15 views
Russian President Vladimir Putin is in India for a two-day visit to enhance bilateral relations, particularly in trade and defense. This visit comes amid U.S. pressure on India regarding its oil purchases from Russia.
India-Russia: Why Putin and Modi are meeting in Delhi
A What happened
Russian President Vladimir Putin has arrived in India for a two-day visit aimed at reinforcing the strong ties between the two nations. This visit is particularly significant as India has become a major buyer of Russian oil, increasing its imports from 2.5% to 35% since the onset of the Ukraine conflict. The two countries are expected to sign several agreements, focusing on trade and defense cooperation. Modi's government faces pressure from the U.S. to reduce its oil purchases from Russia, complicating India's diplomatic balancing act. The visit underscores the historical relationship between India and Russia, which has endured despite changing global dynamics. Modi aims to enhance bilateral trade, which has been underperforming, and seeks to diversify India's defense procurement while maintaining strategic autonomy in foreign relations.

Key insights

  • 1

    Growing Oil Trade: India's oil imports from Russia surged to 35% amid price discounts.

  • 2

    Defense Cooperation: India plans to purchase advanced Russian military equipment.

  • 3

    Geopolitical Balancing Act: Modi navigates pressure from the U.S. while maintaining ties with Russia.

Takeaways

Putin's visit to India is a strategic move to bolster economic and defense ties, reflecting the complexities of global geopolitics. As India seeks to balance its relationships with both Russia and the West, the outcomes of this visit could have lasting implications for regional dynamics.

Topics

Business & Markets Economy World & Politics International Affairs

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