Putin and Modi Strengthen India-Russia Economic Cooperation During New Delhi Talks

MUMBAI, India — Russian President Vladimir Putin was greeted with a warm reception in New Delhi on Thursday evening, as Indian Prime Minister Narendra Modi personally welcomed him with a hug and a photo in a limousine. The visit, marked by ceremonial honors including a guard of honor, brass band, and devotional lamps spelling “Welcome Putin” during a Ganges River prayer, underscored the enduring diplomatic ties between the two nations. This was Putin’s first trip to India since his country’s invasion of Ukraine nearly four years ago, and it came amid increasing geopolitical pressure from Western governments.

The visit signals India’s strategic autonomy, particularly in the face of U.S. sanctions and tariffs targeting its imports of Russian oil. Chietigj Bajpaee, a senior research fellow for South Asia at Chatham House, noted that the engagement reaffirms India’s ability to maintain diverse international partnerships. Historically, India has leaned on Russia for defense and energy cooperation, a relationship rooted in Cold War-era dynamics when Moscow emerged as a key ally amid regional tensions with Pakistan and China.

During the two-day summit, both leaders discussed expanding bilateral cooperation, including a new agreement to facilitate more Indian workers in Russia. Putin, speaking through a translator, emphasized Russia’s readiness to supply fuel to support India’s rapidly expanding economy. This commitment comes despite global sanctions and logistical challenges affecting Russian energy exports.

India has become one of the largest importers of Russian crude oil since the Ukraine conflict began, often re-exporting refined products. However, recent U.S. actions — including doubling tariffs on Indian goods to 50% and imposing sanctions on Kremlin-linked oil firms — have led some Indian companies to scale back purchases. Notably, Reliance Industries, India’s top crude importer, halted Russian crude procurement for export refining by late November, partly to comply with an EU ban on refined products derived from Russian oil processed in third countries like India.

Despite these constraints, data from the Centre for Research on Energy and Clean Air indicates that shipping practices have evolved to circumvent sanctions, including the use of vessels with fraudulently registered flags to obscure origins. India has consistently argued that its energy purchases are no different from those of Western nations, calling external pressure on its trade decisions “unreasonable.”

India is also balancing its energy portfolio by increasing imports of U.S. oil and natural gas, a move some analysts interpret as an effort to ease trade tensions with Washington. The country aims to reduce its trade deficit with the United States while maintaining strategic flexibility. Bajpaee observed that New Delhi is walking a delicate path — deepening ties with the West while preserving its long-standing relationship with Moscow.

In his remarks, Modi referenced the conflict in Ukraine without directly criticizing Russia, describing it as “the situation in Ukraine” and expressing support for peaceful resolution efforts. He reiterated India’s willingness to contribute to diplomacy. It remains unclear whether he was endorsing recent U.S.-led peace initiatives. Putin, in a separate interview with India Today, dismissed some proposals from Trump administration envoys, including Steve Witkoff and Jared Kushner, without elaboration, stating that a five-hour discussion was too lengthy to summarize.

The visit concluded with agreements aimed at boosting bilateral trade toward a $100 billion target, though current trade remains heavily skewed toward Indian imports of Russian fossil fuels. While Russia remains a crucial defense and energy partner, Bajpaee noted that India’s long-term trajectory points toward a gradual, managed reduction in dependency. Nevertheless, recent U.S. policy shifts have led some in New Delhi to view Moscow as a more dependable ally compared to the unpredictability of American foreign policy.

— news from NPR

— News Original —
Putin and Modi expand India-Russia economic ties in talks in New Delhi

MUMBAI, India — There was a hug and selfie in a limousine ride after Indian Prime Minister Narendra Modi personally picked up Russian President Vladimir Putin on arrival in the capital New Delhi on Thursday evening. Devotional lamps spelled out “Welcome Putin” during an evening prayer at the Ganges River that was shared online. There was an honor guard and a brass band. n nIndia was warmly welcoming Putin for his first visit since his country invaded Ukraine nearly four years ago. The visit in part signaled India ‘s defiance to the Trump administration, which has punished, and publicly humiliated, New Delhi for its purchases of Russian oil. n n”The message first and foremost is that India has options,” said Chietigj Bajpaee, senior research fellow for South Asia at Chatham House. “It is an effort to reaffirm the India-Russia relationship at a time when India has been under growing pressure to sever that relationship, or at least downgrade it in some ways.” n nIndia has long prided itself on its independent foreign policy, but grew close to Russia decades ago, when it was the dominant part of the Soviet Union. The policy came in response to a sense of being cornered on its northern borders: Pakistan firmly allied itself with the U.S., and in the early 1970s, facilitated an opening in relations between Washington and Beijing. India and China share more than 2,000 miles of disputed border across the Himalayas. n nThe two-day meeting that began Thursday in New Delhi was a boon to Putin, whose travels have been largely curtailed since the International Criminal Court issued an arrest warrant against him in March 2023. “To visit the world ‘s largest democracy and a large country like India, will bring him enormous global attention in that sense,” said Swaran Singh, who writes on international relations. n nAfter a bilateral meeting on Friday, where both sides announced a deal to allow more Indian nationals to work in Russia, Putin said in prepared statements through a translator that his country was “ready to continue uninterrupted shipments of fuel for the fast growing Indian economy.” n nRussian oil in focus n nIndia had ramped up its purchasing of Russian oil after the invasion of Ukraine, and is now one of the world ‘s biggest buyers. It also sells Russian oil products onwards. n nBut Indian companies curbed their purchases of Russian oil in recent weeks, after the Trump administration punitively doubled its tariffs on India to 50% and American sanctions were imposed on Kremlin-linked Russian oil producers. n nMost prominently, India ‘s biggest importer of Russian crude oil, Reliance Industries stopped purchasing Russian crude oil for its export products, Reuters reported in late November. That was to remain in compliance with a new European Union ban on imports of refined products made from Russian crude from some third countries, including India. n nIt is unclear how Putin can continue uninterrupted shipments of fuel to India amid sanctions and tariffs. But the Finnish-based Centre for Research on Energy and Clean Air reports there has been an increase in sanctions-avoiding behavior by vessels shipping Russian oil on the high seas, in part through flying flags that have been fraudulently obtained to conceal their operations. Previously India has described the pressure to cut its purchases of Russian oil as “unreasonable,” noting that both the European Union and the United States also purchase Russian energy products. n nTreading a fine line n nIndia has been stepping up purchases of U.S. oil and natural gas — which some analysts have interpreted as a sop to the Trump administration — and, to narrow its trade deficit with the U.S., also sought to purchase more U.S. energy products. n n”India is navigating a difficult path,” said Bajpaee of Chatham House. “It ‘s trying to maintain close relations with Moscow and at the same time deepen engagement with the West.” n nPerhaps to that end, in the Indian prime minister ‘s prepared statements, he nodded to Russia ‘s invasion, describing it as “the situation in Ukraine.” He added, “We welcome all efforts being made for a peaceful and lasting resolution in this matter. India has always been, and will always be ready to contribute.” n nIt wasn ‘t clear, however, if Modi was referring to the Trump administration ‘s current efforts to end the war. On Tuesday, Trump ‘s special envoy Steve Witkoff and son-in-law Jared Kushner met with Putin and his team for five hours. But Putin told the news outlet India Today on Thursday that “we can ‘t agree to” some of the administration ‘s proposals, without giving further details. When pressed on the matter during the same interview, he said through a translator: “I doubt it would interest you to hear about it as it lasted five hours. … Five hours is too much.” n nRussia and India inked some deals during Putin ‘s visit, including one that would facilitate more Indians to work in Russia. There were vows that trade between the two would soon reach $100 billion — so far the trade is mostly one-way, and is dominated by India ‘s purchases of Russian fossil fuels. n nAnd yet, the U.S. remains a far more forward-looking and important relationship, said Bajpaee of Chatham House. “Russia remains a key strategic partner. India does not want to sever that relationship with Moscow and it particularly doesn ‘t want to do that under U.S. or Western pressure,” he said. “But the direction of travel, I would argue, is towards a managed decline.” n nHe noted, despite the tensions between India and the U.S. under the Trump administration, “there ‘s very strong linkages and functional cooperation between India and the U.S. So despite the bad blood, India conducts more joint military exercises with the U.S. than with any other country. They ‘ve conducted five military exercises just this year.” n nEven so, Bajpaee said, “From New Delhi ‘s perspective, recent developments have shown that if anything Russia is in some ways a more reliable partner compared to the U.S. ‘ fickle and sometimes unpredictable behavior.”

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