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RUSSIA: INDIA-Modi Calls For Resolution To Ukraine War In BRICS Meeting w/Putin
Russian President Vladimir Putin is meeting with Indian PM Narendra Modi on the sidelines of the BRICS summit in Kazan, Russia. Modi says that the two have "been in constant thought with regards to the Russia-Ukraine conflict", and tells Putin that India "believes conflicts should be resolved peacefully". Modi says that "India stands ready to play whatever role is required for peace", and that "We have got another opportunity to discuss these issues today". Putin calls Russia-India relations a "strategic partnership".
- India's Modi is seen as one of the potential bridges in the conflict, with Ukraine's NATO allies deemed as effective participants in the war by Moscow, while China's increasingly close 'no limits partnership' with Russia means that Kyiv is wary of any peace plan put forward by Beijing.
- India on the other hand has straddled both camps. It has become a major purchaser of Russian oil andsupplier of restricted tech in the wake of Western sanctions, but Modi has also with Ukrainian President Volodymyr Zelenskyy and New Delhi has not backed Brazilian or Chinese peace plans that raise the prospect of Ukraine ceding territory to Russia.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.