Summary
Russian President Vladimir Putin and Indian Prime Minister Narendra Modi met in India for a summit mainly focused on trade and dealing with the impact of US sanctions on India due to its purchase of Russian oil. This marks Putin's first visit to India since the war in Ukraine began in 2022. The summit aims to enhance economic ties between Russia and India, while addressing international pressures.
Key Facts
- Putin and Modi are meeting in India to discuss trade and US sanctions related to Russian oil.
- This is Putin's first visit to India since Russia's war in Ukraine began in 2022.
- India is currently the top buyer of Russian arms and is seeking to strengthen trade with Russia.
- Russia aims to increase trade with India to $100 billion by 2030, up from $68 billion in 2024.
- The US increased tariffs on Indian goods due to India's Russian oil purchases.
- New US sanctions target Russian oil companies, affecting India's oil supply.
- India argues that it should not be unfairly targeted when Western countries still trade with Russia.
- Russia wants India to buy more Russian weapons, facing US pressure.
