Russian President Vladimir Putin arrived in India on Thursday for a two-day visit and was warmly embraced by Indian Prime Minister Narendra Modi upon arrival.
This trip comes a few months after the United States put great pressure on India to stop buying Russian crude oil, but New Delhi has continued to buy Russian oil extensively.
The main themes of this trip and the 22nd annual Russia-India summit are:
Expanding cooperation in the field of energy and increasing India’s purchases of Russian oil and gas
Signing of new arms contracts and defense cooperation
Finding new ways to bypass Western sanctions and pay in national currencies
India, which has the world’s fastest growing economy with an economic growth rate of over 8%, is the third
A major consumer of crude oil, it remains one of the largest buyers of Russian oil after the start of the Ukraine war.
Dozens of agreements and contracts in the fields of energy, defense, technology, and trade are expected to be signed during this trip.
To be signed in national currencies.
