Russian President Vladimir Putin is prepared to meet with Indian Prime Minister Narendra Modi in New Delhi this Friday, a significant visit aimed at reinforcing trade relations amidst the ongoing challenges posed by Western sanctions. This meeting marks Putin’s first visit to India in four years and comes at a time when New Delhi is also engaged in discussions with Washington about a trade agreement aimed at addressing tariffs on Indian goods that were imposed during former President Donald Trump’s administration, especially related to India’s purchases of Russian oil.
Moscow has long been India’s primary source of military hardware and is keen on increasing imports of Indian products. There is a mutual goal of boosting bilateral trade to $100 billion by the year 2030. However, the trade relationship has frequently been skewed in favor of Russia, largely due to India’s significant energy imports. In the wake of Russia’s invasion of Ukraine nearly four years ago, many European countries have reduced their reliance on Russian energy, positioning India to significantly enhance its acquisition of discounted Russian crude oil.
Senior fellow at the Atlantic Council, Michael Kugelman, pointed out the intricate balancing act India faces in maintaining its relationships with both Moscow and Washington. Strengthening ties with one may risk straining the other, which adds complexity to India’s diplomatic landscape.
The summit is expected to delve into various issues beyond trade, including labor relations and civil nuclear energy cooperation. Potential agreements announced during this meeting could underscore the steadfast nature of their partnership. As both countries navigate the shifting dynamics of global geopolitics, this summit is a pivotal moment that reflects their commitment to maintaining robust relations during challenging times.