INDIA RUSSIA TRADE TIES
Awkward! Pete Hegseth’s Russian-colored tie raises eyebrows during Zelensky meeting
Pete Hegseth tie controversy sparks debate. U.S. Secretary Pete Hegseth wore a tie featuring Russian flag colors during a White House meeting with President Trump and Ukrainian President Zelensky. The bold choice drew immediate attention. Critics called it insensitive, while others questioned the message it sent. The tie’s striking combination with an American flag pocket square made it impossible to ignore. Reactions spread rapidly online.
India and Russia at 25: From trusted partners to global shapers
India and Russia's strategic partnership, formalized 25 years ago, has evolved into a robust alliance built on trust and shared purpose. This enduring relationship, marked by strong political, defense, and economic cooperation, continues to adapt to global shifts, with both nations aiming for deeper collaboration in technology, energy, and cultural exchange for the next quarter-century.
India turns to Russia to break China’s rare earth monopoly
India is actively seeking partnerships with Russian companies to secure vital rare earth magnets and critical minerals, aiming to reduce dependence on China. This strategic move follows Beijing's recent export curbs, impacting key industries. Indian firms and research institutions are evaluating Russian processing technologies, with potential collaborations involving state-run giants like Nornickel and Rosatom.
India tries to balance US, Russia ties in pursuit of Trump deal
India navigates a delicate balance, seeking a trade deal with the US while maintaining energy ties with Russia. Prime Minister Modi indicated a potential reduction in Russian oil purchases, signaling a willingness to work with Washington, though emphasizing the need for cost-effective energy supplies for consumers.
Russia claims it’s offering top-grade oil at bargain prices to countries Trump is courting
Kremlin spokesman Dmitry Peskov said Moscow can offer high-quality oil at lower prices to nations that U.S. President Donald Trump is urging to halt Russian imports. He warned that denying countries the right to choose their suppliers would breach free trade principles.
No telephone conversation between Modi & Trump yesterday: MEA counters US President's claim
India’s External Affairs Ministry on Thursday said it is “not aware of any conversation” between Prime Minister Narendra Modi and US President Donald Trump regarding Russian oil purchases, countering Trump’s claim that Modi had assured him India would stop buying Russian crude. MEA spokesperson Randhir Jaiswal clarified there was no call or discussion between the leaders on the matter.
India to stop buying Russian oil like Trump claims? MEA issues statement
The External Affairs Ministry said the US has shown interest in deepening energy cooperation with India, with discussions underway. The statement came after President Trump claimed Prime Minister Modi assured him India would stop buying Russian oil.
Trump claims PM Modi assured India will stop buying Russian oil
President Trump announced that Indian Prime Minister Modi pledged to cease oil purchases from Russia, a significant move aimed at cutting Moscow's energy revenues. Trump stated his intention to pursue similar action from China next. This development follows U.S. tariffs imposed on Indian exports to discourage Russian oil imports.
Rupee falls 7 paise to close at 88.03 against US dollar
The Indian Rupee weakened by 7 paise to close at 88.03 against the US Dollar on Friday. Trade tensions and global uncertainties impacted the currency. However, foreign fund inflows and lower crude oil prices provided some support. The domestic equity market saw significant gains.
India considers easing certain Chinese import curbs amid growing reliance, say sources
India’s trade ministry and NITI Aayog are considering easing certain tariff and non-tariff restrictions on Chinese imports to secure raw materials vital for industrial and export growth. Measures under discussion include letting anti-dumping duties lapse on some products and cutting tariffs on raw materials for sectors like leather and engineering goods where domestic supply is limited.
Hardeep Puri meets Brazil minister to expand trade and energy cooperation
Union Petroleum Minister Hardeep Singh Puri met with Brazil’s Vice President and Minister of Development, Industry, Trade and Services, Geraldo Alckmin, to discuss strengthening India-Brazil energy cooperation. The talks focused on bilateral trade in hydrocarbons, long-term crude supply contracts with Petrobras, and Indian investments of over $3.5 billion in Brazil’s upstream sector.
Energy ties align with India's interests: Russian Ambassador to India Denis Alipov
In the ever-evolving landscape of global energy, Russian crude oil stands out as India's most economical option. Ambassador Denis Alipov emphasizes that Russia is not just a supplier but a steadfast ally in energy affairs, reinforcing a partnership that resonates with India's strategic objectives.
It is based on India's national interest: Russia on its energy ties with New Delhi
Russia’s envoy to India, Denis Alipov, said energy cooperation with India aligns with New Delhi’s national interests, highlighting an upswing in bilateral trade. His remarks came after President Trump claimed Prime Minister Modi assured him India would stop buying Russian crude.
Russia confident of continuing energy trade with India: DPM Novak
Russia remains confident in its energy ties with India. Deputy Prime Minister Alexander Novak stated cooperation will continue. This comes after US President Donald Trump claimed India assured him of stopping Russian oil purchases. India maintains its import policies are driven by national interest and market conditions.
Indian refiners prepare to cut Russian oil imports, sources say
Russian oil exports to India may decline as refiners await official guidance following President Donald Trump’s claim that Prime Minister Modi committed to stopping Russian crude imports. Executives from state-owned and private refiners said they were surprised by Trump’s remarks and had received no instructions from New Delhi.
India paying for Russian oil in yuan along with rubles, says Deputy PM Alexander Novak
India has begun paying for Russian oil in Chinese yuan. This follows a period where India significantly increased oil imports from Russia. Payments are still largely made in rubles. This development occurs amidst ongoing discussions about India's energy security and its independent foreign policy. The US has expressed concerns regarding these transactions.
'This is India's moment,' says US media leader Mark A. Aitken
Mark A. Aitken, Senior VP of Sinclair Broadcast Group, praised India’s transformation from an underdog to a global technology leader, saying the country has moved from "potential to execution" and is now "reshaping the global economy."
Canadian political commentator calls for balanced action on Khalistanis to strengthen New Delhi-Ottawa ties
Udall emphasised that the Canadian government, led by Prime Minister Mark Carney, should take India's security and sovereignty concerns seriously to foster a more stable and forward-looking partnership.
Putin warns Trump’s India tariffs could boomerang on US economy
Russian President Putin criticised U.S. efforts to pressure India and China into reducing energy ties with Russia, warning that higher tariffs could raise global prices, force the U.S. Federal Reserve to keep interest rates high, and slow the U.S. economy. He added that India and China “will not allow themselves to be humiliated.”
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