Latest news with #India-Russia
India Today
5 days ago
- Business
- India Today
No confirmation on Russia-India-China trilateral talks: Report
Amid speculation about a possible meeting between Russia, India, and China under the Russia-India-China (RIC) format, news agency ANI, citing sources, clarified that no such meeting has been finalised. They added that not only has a date not been set, but there are also no ongoing at the weekly press briefing on Thursday, Ministry of External Affairs spokesperson Randhir Jaiswal explained the purpose of the RIC platform. "This consultative format is a mechanism where the three countries come and discuss global issues and regional issues of interest to them," Jaiswal he pointed out that any meeting will only happen after the three countries agree on a date and time that suits all of them. "As to when this particular RIC format meeting is going to be held, it is something that will be worked out among the three countries in a mutually convenient manner, and we will let you know as and when that happens at an appropriate time," he SUMMIT TO BE HELD IN DELHI Jaiswal also shared an update on the upcoming India-Russia annual summit. He said that the last summit took place in Moscow, and now it is India's turn to host. The dates for the event will be decided based on the convenience of both countries."India-Russia summit is important. Last annual summit was held in Moscow. It is time for us to host the summit in Delhi, and the dates will be worked out between both sides, keeping in mind what is mutually convenient to both countries," Jaiswal also touched upon India's engagement with China, following a meeting between Indian External Affairs Minister S. Jaishankar and Chinese Foreign Minister Wang Yi. Jaiswal noted that the concerns raised by Indian industry during these talks are well known. As for the next Shanghai Cooperation Organisation (SCO) meeting, Jaiswal said it is still some months away. "Participation by countries are finalized as per the mutual convenience, and we will let you know at the appropriate time," he SUPPORTS TRILATERAL COOPERATIONMeanwhile, China's Ministry of Foreign Affairs spoke positively on the idea of RIC cooperation. It said such a partnership is good not just for the three countries but also for global peace and development. "China-Russia-India cooperation benefits all three countries, and regional and global peace, security, stability and progress. China stands ready to maintain communication with Russia and India on advancing the trilateral cooperation," the statement RIC was formed in the late 1990s and was initiated by Russian leader Yevgeny Primakov. Together, Russia, India, and China cover more than 19% of the Earth's land area, making it a significant strategic partnership, if this stage, though, no official meeting is being planned, and any further developments will depend on discussions between the three countries.- EndsWith inputs from ANITune InMust Watch
NDTV
6 days ago
- Business
- NDTV
"Not Unduly Worried": Minister On US Tariff Threat Over Russian Oil
New Delhi: Union Minister of Petroleum and Natural Gas Hardeep Singh Puri on Thursday said India has diversified its sources for buying oil in the global market, due to which the government is not "unduly worried" over any US crackdown on Russia's oil exports. Speaking at the Urja Varta 2025, the minister said India currently buys oil from 40 nations, as compared to 27 countries in 2007, and the global market is well-supplied. "There is a lot of oil available in the market. Iran and Venezuela are currently under sanctions. But are they going to be under sanctions forever? Many countries, including Brazil, Canada and others, are ramping up output. I am not unduly worried about supplies as of now. We have diversified our sources," Puri said. The minister's statement came against the backdrop of US President Donald Trump announcing that secondary sanctions would be imposed on countries buying Russian oil. On July 15, Trump had threatened to impose serious trade restrictions on Russia unless a peace deal with Ukraine is reached within 50 days. Trump said US tariffs on Russian exports would be increased to 100 per cent, while also threatening to impose secondary sanctions on countries such as India and China that buy oil from Russia. On Trump's threats, Puri said, "I have heard these threats. Some statements are made to ensure two disputants settle an issue." Puri further stated that India's oil purchases from Moscow had played an important role in stabilising prices in the global market. He said crude oil prices could have skyrocketed to $130 per barrel in the absence of India-Russia oil trade when the Ukraine war began in 2022. Prior to the Russia-Ukraine war, India used to buy a mere 0.2 per cent of its crude imports from Moscow. This, today, stands close to 40 per cent. The minister said that Russian crude was always under a price cap of $60 per barrel but never under sanctions. India continues to stay firm on its stance of not buying crude oil from a country which is under sanctions, said Puri. "Russia is one of the largest crude producers with over nine million barrels/day. Imagine the chaos if this oil, amounting to about 10 per cent of the global oil supply of around 97 million, vanished from the market. It would have forced the world to reduce its consumption, and since the consumers would be chasing reduced supplies, the prices would've spiralled to over $120-130," Puri said earlier this month.
Time of India
7 days ago
- Politics
- Time of India
EAM Jaishankar holds separate talks with Russian, Iranian counterparts
EAM Jaishankar with his Russian counterpart Sergey Lavrov (ANI) External affairs minister S Jaishankar Tuesday held separate talks with his Russian counterpart Sergey Lavrov and Iranian foreign minister Abbas Araghchi with a focus on bilateral cooperation and the situation in West Asia. The meetings took place on the sidelines of a foreign ministerial conclave of the SCO. "Reviewed our bilateral cooperation and global developments with foreign minister Sergey Lavrov of Russia in Tianjin this afternoon," he said on X. It is understood that the two ministers also deliberated on the evolving regional security scenario, including the situation in West Asia. Russian President Vladimir Putin is expected to visit India later this year for the annual India-Russia summit. Jaishankar and Araghchi are learnt to have discussed the situation in West Asia.
Time of India
12-07-2025
- Business
- Time of India
Global terror fight, power partnerships mark 2024: MEA
The external affairs ministry's annual report for 2024, released on Friday, highlighted India's commitment to combating terrorism, with the country collaborating actively with the global community to counter the menace in all its forms and manifestations. During the year, India participated in various counterterrorism working groups, it said. India has joint working groups on counter terrorism with 26 countries. The country has also been engaging with regional and multilateral bodies such as BIMSTEC , G20, ASEAN Regional Forum , SCO, BRICS, EU, FATF and the Quad Forum on Counter Terrorism , said the report. The FATF Working Group meeting and plenary were held from June 23-28 last year in Singapore. India's Mutual Evaluation Report was adopted during the plenary, placing India in the "regular follow-up" category. This status indicates that India has achieved a high level of compliance with the FATF (Financial Action Task Force) recommendations and immediate outcomes, according to the report. With reference to India's ties to the US, the report said that the India-US Comprehensive Strategic Global Partnership represents a robust commitment to shared values and future oriented collaboration. "Anchored in democracy, freedom, the rule of law, human rights, pluralism, and equal opportunities, this partnership reflects the shared aspirations of both nations to evolve into more perfect unions while addressing global challenges together. The unprecedented levels of trust and collaboration between India and the US have been pivotal in driving an ambitious agenda for global good," it said. The India-Russia special and strategic partnership continued to gain strength through regular high-level interactions and progress in bilateral cooperation in a range of fields, including political, economic, defence, energy and people-to-people ties, said the external affairs ministry. Live Events Its annual report said that bilateral trade with Russia reached an all-time high of $65.70 billion in 2023-24. With regard to China the report primarily referred to the meetings that helped stabilise the relationship. "India and China have held 18 meetings of Working Mechanism for Consultation and Coordination on India-China Border Affairs (WMCC) and 21 rounds of meetings at the senior military commanders level since June 2020. Through the year, four rounds of WMCC meetings were held, with both countries arriving at an agreement on patrolling arrangements along the Line of Actual Control."
India Gazette
10-07-2025
- Business
- India Gazette
Namaste, Mr. Putin: Russia and India forge closer ties despite Western pressure
As the Russian leader prepares to visit New Delhi, experts revisit the foundations of one of the world's most enduring and underestimated partnerships As Russian President Vladimir Putin is set to visit India for the two nations' 23rd bilateral summit later this year, experts in both countries are actively formulating proposals ahead of the trip. Mutual trust remains the cornerstone of the Russian-Indian partnership - a quality that has become even more significant in recent years as both countries navigate global turbulence and shifts in the world order. In the current geopolitical landscape, Moscow-New Delhi relations go beyond a bilateral framework and contribute an important element of continuity and stability to international relations and the global economy. A group of Russian and Indian experts has come together to take a fresh look at the India-Russia relationship. Their ideas have been compiled in a new book published earlier this year by Indian publishing house Har-Anand Publications, titled 'India and Russia: Enduring Trust in a Transformational Era'. The book is edited by renowned expert Dr. Lydia Kulik, head of India Studies at the Moscow School of Management SKOLKOVO and senior research fellow at the Institute of Oriental Studies of the Russian Academy of Sciences. The publication also received support from Dipanjan Roy Chaudhury, diplomatic affairs editor at The Economic Times. "This edition is a selection of opinions from Russia and India providing a fresh look at the relationship that is of utmost importance to the people of our two civilization-states, as well as to the world undergoing profound change," Kulik told RT. She added that the purpose behind the book was to assess the evolution of bilateral ties from the Soviet era to the pivotal year of 2024, when relations experienced an unprecedented boost. The book addresses the full spectrum of bilateral relations - from traditional pillars of the partnership to emerging areas of cooperation. The contributing authors are renowned scholars and experienced practitioners from both countries, ensuring that the recommendations offered are both research-based and practically applicable. The authors also point out gaps in the relationship, including the absence of a systematic approach to developing science and technology cooperation. Pankaj Saran, convener of NatStrat and former Indian ambassador to Russia, offers a comprehensive and nuanced analysis of the strengths and weaknesses of the bilateral relationship. He concludes that India-Russia ties will endure despite current geopolitical challenges, including Russia's confrontation with the West and its deepening ties with China. Tatyana Shaumyan, head of the Center for Indian Studies at the Institute of Oriental Studies, Russian Academy of Sciences, noted that "Moscow appreciates India's foreign policy based on the pillars of strategic autonomy." She argues that while India called for Russia to halt its special military operation in Ukraine, it abstained from voting on several UN resolutions condemning Russia's actions - including one at the UN General Assembly on the seizure of Ukrainian territory and a proposal to remove Russia from the Human Rights Council. "In its strategic orientations, the Indian leadership is increasingly striving to ensure the country's important position not only in the South Asian region, but also at the level of global international relations, aiming to globalize its political thinking and real policy as India's economic, technological, and military power strengthens," she writes. Shaumyan, a distinguished Russian Indologist and recipient of India's Padma Shri award, also analyzes the prospects and limitations of India-Russia cooperation in multilateral platforms such as the SCO, RIC, and BRICS. Experts highlight the significance of Indian Prime Minister Narendra Modi's official visit to Moscow in July 2024. It was his first visit to Russia since the start of the Ukraine conflict in 2022 - and his first bilateral trip after being re-elected in June 2024. Leyla Turayanova, junior research fellow at the Center for the Indo-Pacific Region of the Primakov National Research Institute of World Economy and International Relations (IMEMO RAS), concludes that India-Russia relations have withstood the stress test imposed by the Ukraine crisis, while their economic ties have significantly expanded. At the same time, New Delhi has demonstrated its commitment to multi-alignment despite growing engagement with the West in recent years. Practical issues affecting India-Russia relations are also addressed. A team of authors including Julia Melnikova (program manager for Asia and Eurasia at the Russian International Affairs Council), Natalia Viakhireva (head of Canadian Studies at the Georgy Arbatov Institute for US and Canadian Studies), and Gleb Gryzlov (program coordinator at RIAC), explores the issue of connectivity. According to them, the post-2022 expansion of bilateral trade has made India a key stakeholder in Russia's connectivity projects, such as the International North-South Transport Corridor. At the same time, the Arctic and the Northern Sea Route are emerging as new frontiers in the partnership. Sergey Komyshan, executive director and board member of SIBUR, analyzes trade and investment prospects through the example of Reliance Sibur Elastomers Private Ltd. - a successful joint venture that showcases the potential of India-Russia industrial cooperation. He also highlights new areas for collaboration, including mutual integration of payment systems, cooperation in carbon credits, and water recycling. Aaryaman Nijhawan, international relations researcher and analyst, discusses the future of military-technical cooperation, drawing lessons from the Ukraine conflict. He identifies untapped opportunities such as joint drone development, anti-drone systems, and semiconductor manufacturing. Olga Ustyuzhantseva and Ivan Danilin of IMEMO RAS emphasize the rising importance of bilateral science and technology ties, driven in part by India's rapid high-tech growth. However, challenges remain, including vague institutional frameworks, limited investment, and a lack of integration between business and innovation ecosystems. The authors stress the need to shift from state-driven initiatives to private-sector-led partnerships and greater involvement of startups and SMEs. Cooperation in the financial sector - which became especially urgent after Western sanctions on Moscow - is examined by Sergey Storchak, senior banker at and former Russian deputy finance minister. He emphasizes that current geopolitical challenges require deeper bilateral financial engagement, including trade in national currencies, secure and fast cross-border payments, and integration of financial messaging systems. Anna Kireeva, associate professor at MGIMO and senior research fellow at its Institute for International Studies, places the India-Russia partnership within a broader Russia-India-ASEAN context. She proposes new formats for cooperation, such as strategic dialogue on policy and security, joint arms production, maritime security, and the formation of technological alliances. Aleksei Zakharov, research fellow at the Center for Indian Studies of the Institute of Oriental Studies at the Russian Academy of Sciences, agrees that Russia's approach to South Asia is evolving - from a narrow India-centric view to a broader engagement with other regional powers. He notes that while India remains central to Russia's regional strategy, South Asia as a whole is becoming a zone of expanded diplomatic and economic interest for Moscow. As President Putin prepares to visit India, a new expert volume explores the enduring strength, emerging challenges, and strategic depth of bilateral ties.
