Putin, Modi discuss trade, peace at India summit amid US sanctions, tariffs

Al Jazeera
Al Jazeera
6d ago • 7 views
Russian President Putin visited India for a summit with Prime Minister Modi, focusing on trade and the Ukraine conflict. This meeting highlights India's strategic balancing act amid Western sanctions.
Putin, Modi discuss trade, peace at India summit amid US sanctions, tariffs
A What happened
Russian President Vladimir Putin's visit to India for a summit with Prime Minister Narendra Modi is significant as it addresses trade relations and the Ukraine conflict. This is Putin's first trip to India since the onset of the war in Ukraine in 2022. The leaders discussed increasing trade to $100 billion by 2030, amidst India's concerns over U.S. tariffs on Russian oil purchases. Modi emphasized India's commitment to peace, while Putin thanked him for efforts toward conflict resolution. The meeting reflects India's strategic balancing act between maintaining ties with Russia and managing Western pressures. Despite an International Criminal Court warrant against Putin, India, not being a member, allowed his visit without arrest concerns. The summit aims to project that Russia remains a key partner for India, despite international isolation.

Key insights

  • 1

    Strengthening Trade Relations: India and Russia aim to boost trade to $100 billion by 2030.

  • 2

    Focus on Peace Initiatives: Both leaders emphasized the importance of peace and dialogue regarding Ukraine.

  • 3

    Navigating Western Pressures: India continues to purchase Russian oil despite U.S. sanctions.

Takeaways

The summit between Putin and Modi underscores the complexities of international relations, as India seeks to maintain its strategic partnership with Russia while navigating pressures from Western nations. The focus on trade and peace initiatives reflects India's unique position in global geopolitics.

Topics

Business & Markets Economy World & Politics International Affairs Diplomacy