Russia, India and crude oil
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Russia, Modi and India
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The Sudarshan Chakra is based on the Russian S-400 platform, capable of engaging aircraft, cruise missiles, drones and ballistic missiles at ranges up to 400 km. The comparable systems include the THAAD from the US,
India is considering a proposal to co-develop Russia’s T-14 Armata main battle tank. The deal has an obvious logic for both sides.
India and China are aware of the “very high political, economic and military cost of frozen relations,” he says. “China felt it had pushed India too close to the U.S. while India realized that it was losing its vaunted strategic autonomy by getting too close to Washington and turning Beijing into an adversary.”
Roman Babushkin, the Chargé d’Affaires of the Russian embassy in India, has said that Indian goods affected by American tariffs are welcome in Russia. He further said that Russia has mechanisms to keep exporting oil to India despite various barriers.
Indian shares ended flat on Thursday ahead of U.S.–Russia talks on Ukraine but logged weekly gains as IT and pharma stocks rose after a U.S.–China tariff truce extension and rising hopes of a Fed rate cut.
The Aug. 15 summit is a test of whether Trump can make progress on a peace deal that is acceptable to both Ukraine and Russia.
German Foreign Minister Johann Wadephul accused China of enabling Russia’s war in Ukraine by supplying vital goods and buying Russian oil and gas. His remarks in Tokyo came ahead of Trump, Zelenskyy,
House Foreign Affairs Committee Democrats said tariffs on India will not stop Russia or address the Ukraine war. US Treasury Secretary Scott Bessent indicated secondary sanctions could rise. India called the targeting “unjustified,