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Putin and Modi Deepen Ties With Trade Goal and Fuel Pledge

New Delhi underscores strategic autonomy despite U.S. pressure over Russian oil and tariffs.

Overview

  • Vladimir Putin met Narendra Modi in New Delhi on December 5 in his first India visit since the 2022 invasion of Ukraine.
  • Both sides set a target to lift bilateral trade to $100 billion and agreed on an economic cooperation plan through 2030.
  • Putin pledged “uninterrupted” fuel supplies to India as the leaders highlighted expanded energy and military-technical cooperation.
  • India hosted the summit despite U.S. calls to halt Russian crude purchases and a 50% U.S. tariff on some Indian imports.
  • Putin said his direct talks this week with a U.S. envoy on a 28-point Ukraine peace plan were useful but hard to translate into an agreement.