Russian President Vladimir Putin To Visit India Later This Year: Reports
This comes amid the heightened trade tensions between India and the United States over New Delhi's continued purchase of crude oil from Moscow.
Russian President Vladimir Putin will visit India at the end of 2025, news agency Interfax reported India's National Security Advisor Doval as saying. The NSA is in Moscow for an official visit.
The correction by the news agency came shortly after it reported Doval as saying that the visit would take place by August-end.
This comes amid the heightened trade tensions between India and the United States over New Delhi's continued purchase of crude oil from Moscow.
Citing the Russian oil purchase, Trump on Wednesday doubled the tariffs imposed on India to 50%.
Global Trade Research Initiative has said that the sharp tariffs against India place it among the most heavily taxed trading partners of the US, even higher than China.
The economic think tank said that it will only push the country to form deeper alliances with Russia and China, alienating it from the US.
The additional 25% will come into effect on Aug. 27.
The GTRI pointed out that in 2024, China's Russian oil imports stood at $62.6 billion, more than India’s $52.7 billion and yet the country faced no such penalties.
PM Modi's Message Amid Tariff Tensions
Prime Minister Narendra Modi, while speaking at an event in New Delhi on Thursday, indicated that India would not compromise its position while negotiating trade deals with other countries. "Interests of farmers are a top national priority. India will never compromise on the interests of farmers, livestock holders and fishermen."
He added, "I know I'll have to pay the price for it personally, but I'm ready to do it for the farmers."
