India profiteering from Russian crude
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Trump putting ‘tremendous pressure’ on Russia — by hitting India: Karoline Leavitt
White House Press Secretary Karoline Leavitt told reporters at a Tuesday press briefing that President Donald Trump is putting "tremendous public pressure" on Russia to end its war against Ukraine. Her example was "sanctions on India.
A call between the leaders of Russia and India affirmed the countries’ close ties despite Washington’s demands for New Delhi to wean itself off Russian oil. Indian Prime Minister Narendra Modi on Monday thanked his “friend,
India is considering a proposal to co-develop Russia’s T-14 Armata main battle tank. The deal has an obvious logic for both sides.
India has stepped up purchases of discounted Russian crude since the onset of the Ukraine war, straining relations with Washington.
German Foreign Minister Johann Wadephul accused China of enabling Russia’s war in Ukraine by supplying vital goods and buying Russian oil and gas. His remarks in Tokyo came ahead of Trump, Zelenskyy,
India and China are aware of the “very high political, economic and military cost of frozen relations,” he says. “China felt it had pushed India too close to the U.S. while India realized that it was losing its vaunted strategic autonomy by getting too close to Washington and turning Beijing into an adversary.”
Indian shares ended flat on Thursday ahead of U.S.–Russia talks on Ukraine but logged weekly gains as IT and pharma stocks rose after a U.S.–China tariff truce extension and rising hopes of a Fed rate cut.
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