US EditionPutin Visits Modi Amid US Push for Ukraine Peace
India and Russia aim to boost bilateral trade to $100 billion by 2030 with expanded cooperation in defence, energy, and payments amid US sanctions on Russian oil.
- On Friday, Russian President Vladimir Putin met Indian Prime Minister Narendra Modi in New Delhi and finalised an economic cooperation programme until 2030 to boost annual trade to $100 billion.
- Under U.S. pressure over oil purchases, New Delhi sought to deepen ties with Moscow as U.S. President Donald Trump raised tariffs to 50% and India became a major Russian oil buyer.
- Defence deliveries have been slow, with India having received three S-400 surface-to-air missile systems under a $5.4 billion deal and pursuing faster deliveries amid war-related delays.
- Analysts say the summit tests New Delhi's balance between Moscow and Washington as critics warn Putin's visit could strain ties with the European Union and United States.
- Planned deals span defence upgrades and broader economic cooperation, including Su-30MKI fighter jets, clean energy, shipbuilding, fertiliser supplies and labour mobility measures.
121 Articles
121 Articles
Putin And Modi Talk India-Russia Oil And Arms Trade
Indian imports of Russian oil are set to hit a 3-year low in December, but despite punitive U.S. tariffs, trade ties between the two countries – particularly in energy and arms – are set to strengthen. At the summit meeting between Russian President Vladimir Putin andIndian Prime Minister Narendra Modi, the leaders signed an array of memorandums, spanning oil and gas, fertilizer, petrochemicals, nuclear-energy cooperation, and a plan to elevate …
Moscow said it wanted to import more Indian goods in an attempt to increase trade by up to 100 billion by 2030. The 29 joint documents and the need to balance the balance of payments
Despite sharp criticism from the West, India's head of government Modi continues to seek close proximity to Russia's President Putin. At their meeting, they agreed on more trade and arms exports - and stressed energy cooperation.
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