Putin, Modi kick off India summit as trade, US sanctions loom large
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Putin, Modi kick off India summit as trade, US sanctions loom large
"Meeting to boost ties comes as India seeks reprieve from US oil sanctions related to war in Ukraine. Russian President Vladimir Putin and Indian Prime Minister Narendra Modi have kicked off a daylong summit in the capital of India, where trade and Western sanctions over the war in Ukraine were set to loom large. Friday's summit is the first time Putin has visited India since the start of Russia's full-fledged war on Ukraine in 2022, and comes as India is seeking a reprieve from United States sanctions related to its purchase of Russian oil."
"Moscow, in turn, is hoping to boost ties with India, already the top buyer of Russian arms. Officials have said they want to increase trade with India to $100bn by 2030 up from an already all-time high of $68bn in 2024. Modi gave Putin a warm welcome on Thursday, personally greeting him on the tarmac in New Delhi with a hug and a handshake."
"Friday's agenda began with morning visit to Rashtrapati Bhavan, the presidential palace, for a meeting with India's ceremonial head of state, Droupadi Murmu. Putin will then travel to Raj Ghat, the memorial to Mahatma Gandhi. Putin and Modi will then hold meetings at the Hyderabad House complex. They are scheduled to address the media before a gathering with business and trade leaders. The Russian leader is set to depart India at 9pm local time (15:30 GMT)."
Vladimir Putin and Narendra Modi met in New Delhi for a daylong summit focused on trade expansion and sanctions tensions arising from Russia's war in Ukraine. India seeks relief from US sanctions tied to its purchase of Russian oil while Russia aims to deepen strategic ties and boost trade to $100 billion by 2030 from $68 billion in 2024. India already stands as the top buyer of Russian arms. The visit included ceremonial welcomes, a private dinner, and a schedule of meetings at Rashtrapati Bhavan, Raj Ghat, and Hyderabad House, followed by addresses to media and business leaders.
Read at www.aljazeera.com
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