New Delhi is preparing to host Russian President Vladimir Putin later this year for a high-level meeting with Prime Minister Narendra Modi, aimed at strengthening bilateral trade and financial cooperation.
According to diplomatic sources, the two leaders are expected to discuss alternative payment systems, smoother trade channels, and new energy agreements that could further reduce dependency on Western markets.
The development comes amid Moscow’s sharp criticism of U.S. tariffs imposed on Indian imports of Russian crude oil. Russia described the move as “unjustified and politically motivated,” pointing out that such restrictions expose the double standards of Washington’s trade policies.
Officials suggest that India and Russia may explore new banking mechanisms and local currency settlements to safeguard trade from global sanctions. Experts believe the visit could mark a turning point in India–Russia economic relations, especially as both countries seek to bypass obstacles created by Western restrictions.
