Putin visits India, offers “uninterrupted supply” of oil to Russia as Trump tries to curb Moscow’s energy sales

New Delhi – Russian President Vladimir Putin was caught off guard by Indian Prime Minister Narendra Modi’s remarks on Friday at the annual summit and agreed to reform economic relations, as the United States pressures India to review decades-old cooperation with Russia.

The Russia-India summit comes at an opportune time as the US is pushing for a Ukraine peace deal while seeking global cooperation. It will test Delhi’s new efforts to balance relations with Moscow and Washington as Almost four years of war in Ukraine grinding.

Putin was received by Modi at the airport in New Delhi on Thursday. The Indian leader gave Putin an Ab Hug and a firm handshake with the gusto of an old friend.

After the speeches, Putin and Modi announced that India and Russia have finalized a plan for economic cooperation until 2030, which will help various businesses to promote trade that takes place annually at $ 100 per year.

Combined trade between the two countries stood at $68.7 billion in the last fiscal year ended in March. Trade has been largely offset by Russia’s deep deficit in India, which it seeks to bridge.

“To achieve this important goal, a plan for the development of Russian-Indian economic cooperation until 2030 has been agreed,” Putin said. He said work was underway on India’s agreement to establish a free trade area with the Eurasian Economic Union, a Moscow-dominated economic integration of many ex-Soviet countries, adding that it would help boost trade.

“Russia is a reliable supplier of energy sources and everything needed for the development of India’s energy sector, Putin said. “We are ready to continue to ensure uninterrupted oil supply for India’s rapidly growing economy.”

Before the Summit talks, the Russian leader said that the two countries “have a very strong relationship when it comes to military cooperation.”

Modi, for his part, said that after the talks the two countries will work to end the free trade agreement with the Eurasian Economic Union. He also announced that India will soon start issuing free electronic visas to Russian tourists and groups visiting the country.

The Indian leader said energy security is anchored in the long India-Russia tie, with nuclear cooperation spanning decades. He also added that such cooperation will continue, alongside cooperation in clean energy, ship building, fertilizers and labor mobility.

While India remains deeply cautious about Russia, critics say that Putin’s visit could damage relations with the European Union and the United States and could reduce negotiations for major trade deals between the two that sell to India.

President Trump Prices have been increased for Indian goods to 50% in August, reveals Russian oil from New Delhi. India has been the first and second importer of Russian Crude after China.

“Travel strategies are travel strategies” in India “between Russia and the west

The US says the purchase of Russian Oil is helping finance Moscow’s financial war. In October, The US acknowledged who Moscow’s biggest oil producers are forcing countries like India to reduce imports. Indian authorities have said that New Delhi is always defied by international sanctions and will do so in the case of oil purchases from Russia.

This page what you are investigating Announced in October targeting Russian oil giants Lukoil and Rosneft were the first direct actions against Russia by the US Treasury since Mr Trump took office. The Treasury said about a month that had the desired effect, with almost all Indian and rural Russian consumers coming forward to say that they delayed the purchase of Russian oil approvals in December.

India and the US are targeting the first tranche of trade deals this fall, but the deal has never gone beyond existing relations. The Trump Administration has been accused of imposing tariffs on India to directly contribute to the country’s continued purchases of Russian energy.

India is also in the final stages of talks on a trade deal with the EU, which sees Russia’s war in Ukraine as a major threat.

Visiting Putin’s India, “Given the situation of the time and the geopolitical context, it emphasizes the good strategies of Delhi’s that goes between the West and others, the big one,” said Praven Donthi, a senior analyst with a senior group of problems.

Donthi said that India’s dependence on Russia dates back to the Cold War and persists despite its official and unofficial positions. “The biggest change now is its desire to be a strategic partner with the US at the same time, which will be a political challenge,” he added.

Indian authorities have previously said that Modi in a meeting with Putin will throw the immediate delivery of two Russian S-400 missiles in the face. I already got three under the 2018 deal worth about $5.4 billion. The delay is compounded by the disruption of the case linked to the war in Ukraine.

The two sides signed an agreement in February to improve military cooperation, exercises, port calls, disaster relief assistance and logistics support. Moscow’s State Duma agreed to a similar visit to Putin’s India.

India also expects to upgrade its Su-30MMKi jets from the Russians

India is keen to increase exports of pharmaceutical, agricultural and textile products to Russia and wants the removal of non-tariff barriers. New Delhi also wants a long-term supply of fertilizers from Moscow.

Another key area where the two countries hope to finalize an agreement is the security and regulation of migration of skilled Indian workers to Russia.

Putin last visited India in 2021. Modi was in Moscow last year, and the two leaders met briefly in September at the Shanghai conference.