India, Putin and Modi
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India’s Relos deal with Russia marks a major step in widening its maritime reach, stretching its footprint from Chennai in the Indian Ocean to the icy edges of the Arctic. The agreement comes as both nations deepen defence cooperation during Putin’s recent visit to India.
Washington: India's engagement with Russia during last week's PM Modi-Putin summit is rooted not in anti-Western sentiment but in a strategic calculus shaped by China's assertiveness, according
The US president had hit India with a further 25% tariff over its purchases of Russian oil, arguing it was funding the war in Ukraine.
China welcomed Vladimir Putin’s India visit, stressing that China, Russia and India are key Global South partners whose cooperation supports regional and global stability. Beijing signalled readiness to deepen ties with both countries,
India's Oil and Natural Gas Corp will pay into Russia's Sakhalin-1 oil and gas field abandonment fund in roubles, using Indian companies' frozen dividends to retain its 20% stake in the project, three sources familiar with the matter said.
Moscow is eager to prevent India’s oil purchases from falling back to near zero—their level before the war. Oil is one of the Kremlin’s largest sources of revenue. India, a net importer of oil, relies on Russia for more than a third of its oil imports, up from just 2% before the war.
India continues buying discounted Russian oil despite Western sanctions, then exports refined petroleum products to Europe, undermining restrictions.
Russian President Vladimir Putin starts a two-day visit to India from Thursday, pitching for more sales of Russian oil, missile systems and fighter jets in a bid to restore energy and defence ties hit by U.
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