Russian President Vladimir Putin will visit India in December this year in the middle of Trump’s tariff war, AFP reported with the Kremlin quoting.
On Monday, Putin will meet with Prime Minister Narendra Modim at the Regional Summit in China, according to Help Kreml Yuri Ushakov, who informed reporters and said the duo would speak of “preparation for December visit”.
In a wider effort to pressure on Moscow to end the invasion of Ukraine, US President Donald Trump imposed 25 percent of other tariffs on Indian goods as a punishment for extensive purchases of Russian oil in Nový Dilli, which started on August 27.
50 % tariff deposited on most Indian goods balanced to the US includes a 25 % of the tariff rate that Trump announced at the end of July.
Energy export is a critical source of income for the Russian government. Russia is also the main supplier of weapons in India and both countries maintain close relations from the Soviet era.
In response to Russian military events in Ukraine, Western Allies of Ukraine focused on reducing Russia’s export export, AFP reported.
Despite this effort, Russia has managed to redirect its energy exports from Europe to countries such as India and China, and ensure the continuing flow of billions of dollars.
Putin drastically reduced his foreign trips since the beginning of the invasion of Ukraine, for which the International Criminal Court (ICC) issued an arrest warrant against him. Since India is not a member of the ICC, he is not obliged to retain Putin, the report added.
The Indian Ambassador in Russia calls us a “decision” unfair, disproportionate and unjustified “
Indian ambassador in Russia, Vinay Kumar in an interview with Tass a few days ago, said India would continue to provide oil from anywhere where he gets the “best solution” and “takes action” to ensure its national interest in the middle of tariffs. He called the shift “unfair, disproportionate and unauthorized”.
“First of all, we clearly stated that our goal is to energy security 1.4 billion people in India and Indian cooperation with Russia, because several other countries have helped to bring stability on the oil market, the global oil market. So the US decision is unfair, unduly and unauthorized.
He added: “And the trade is on a commercial basis. If, based on the basics of trade transaction trade, it is correct, Indian companies will continue to buy where they will get the best solution. This is what the current situation is.”
Kumar pointed out that Indian trade in Russia is powered by shared interests and market dynamics, noting that other countries, including the US and those in Europe, also maintain business relations with Russia. “Our trade is based on market factors and is carried out with the overall goal of energy security of 1.4 billion Indian people. There are other countries, including the US and Europe itself, trading in Russia,” he said.
(With the entry from agencies)
(Tagstotranslate) India business relations
