Indian Prime Minister Begins Two-Day Visit to Russia

Date: 08 July 2024 - 22:49

News ID: ۱۲۹۱۸۳

MOSCOW (Dispatches) -- India’s prime minister began a two-day visit to Russia on Monday, his first since the start of the Ukraine war, a conflict that has complicated the relationship between the longtime allies and pushed Russia closer to India’s rival China.
Prime Minister Narendra Modi’s visit included a meeting with President Vladimir Putin, whom he last saw in Russia in 2019, in the far eastern port of Vladivostok. The two leaders also met in person in September 2022 in Uzbekistan, at a summit of the Shanghai Cooperation Organization bloc.
Russia has had strong ties with India since the Cold War, and New Delhi’s importance as a key trading partner for Moscow has grown since the Kremlin sent troops into Ukraine in February 2022. China and India have become key buyers of Russian oil following sanctions imposed by the United States and its allies that shut most Western markets off to Russian exports.
Under Modi’s leadership, India has avoided condemning the war in Ukraine while emphasizing the need for a peaceful settlement.
A confrontation in June 2020 along the disputed China-India border dramatically altered their already touchy relationship as the rival troops fought with rocks, clubs and fists. At least 20 Indian soldiers and four Chinese soldiers were killed. Tensions have since persisted despite talks.
Since Western sanctions blocked Russian oil exports after the start of the Ukraine war, India has become a key buyer of Russian oil. It now gets more than 40% of its oil imports from Russia, according to analysts.
India is also strongly dependent on Russia for military supplies, but with Moscow’s supply line hit by the fighting in Ukraine, India has been diversifying its defense procurements, buying more from the U.S., Israel, France and Italy.
“Defense cooperation will clearly be a priority area,” Bajpaee said, adding that 60% of India’s military equipment and systems is “still of Russian origin.”
Trade development also will figure strongly in the talks, particularly intentions to develop a maritime corridor between India’s major port of Chennai and Vladivostok, the gateway to Russia’s Far East.
India-Russia trade has seen a sharp increase, touching close to $65 billion in the 2023-24 financial year, due to strong energy cooperation, Indian Foreign Secretary Vinay Mohan Kwatra told reporters Friday.
Imports from Russia touched $60 billion and exports from India $4 billion in the 2023-24 financial year, Kwatra said. India’s financial year runs from April to March.