Can India balance its ties between Russia and the US? | Business and Economy

Can India balance its ties between Russia and the US? | Business and Economy


New Delhi is deepening economic ties with Moscow, despite pressure from Washington.

India is hedging between energy security and strategic partnerships.

Despite pressure from the United States, it has continued buying cheap Russian oil and has recently strengthened economic ties with Russia — from trade to weapons and critical minerals.

But this is a delicate balancing act for Prime Minister Narendra Modi: he wants to cut deals with Moscow, while staying friends with Washington, his biggest trading partner.

For President Vladimir Putin, it shows Russia still has powerful partners and is not completely isolated despite Western sanctions.

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