August 23, 2024 09:17 GMT
INDIA-Modi In Kyiv As Part Of Diplomatic Balancing Act
UKRAINE
EM BulletHomepagemarkets-real-timePolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsBulletEmerging Market NewsPolitical Market News
PM Narendra Modi has arrived in Kyiv for the first visit to Ukraine by an Indian head of gov't since the country gained its independence from the Soviet Union in 1991. Ahead of his visit, Modi said “I look forward to the opportunity to ... share perspectives on peaceful resolution of the ongoing Ukraine conflict. As a friend and partner, we hope for an early return of peace and stability in the region,”
- There has been significant focus on Modi's visit given that in July the Indian PM travelled to Moscow and publicly hugged President Vladimir Putin on the same day that Russian missiles hit a children's hospital near Kyiv, killing 47 and injuring 170, mostly children. As such, Modi's Russia visit garnered significant attention in Ukraine and the West.
- With his visit to Ukraine, Modi appears to be trying to position himself as a potential peacemaker, but there are obstacles and risks to this strategy. Given India's historically close financial, military, and trade links with Russia, Ukraine may not see the country as an honest broker. For India the risk comes in that Russia views Modi's overtures towards Kyiv as damaging towards the bilateral relationship, pushing Moscow closer towards India's regional competitor, China.
- Nevertheless, the visit does fit in with India's long-standing non-aligned foreign policy stance that has seen it be able to straddle diplomatic relations between adversaries that other more clearly aligned nations have not managed.
238 words