Russian Oil: A Price-Stabilizing Gamble:
India continues importing 1.79 million barrels/day of Russian crude, its highest pace yet. Despite U.S. pressure, Indian officials argue this helps stabilize global oil prices, especially amid fragile supply chains.
Tariff Tensions with the U.S.:
President Trump has imposed a 50% tariff on Indian goods, citing oil imports as “fueling Russia’s war machine.” Indian leaders call this economic blackmail, but remain firm. PM Modi stated, “India will never compromise on the interests of farmers, fishermen, and livestock breeders”.
Uneasy Ties with Beijing:
India’s relationship with China remains tense. While trade continues, diplomatic handshakes are cautious. The newsletter hints at strategic ambiguity, with India avoiding overt alignment while protecting its sovereignty.
Strategic Posture:
India’s approach is described as measured but defiant, balancing economic pragmatism with geopolitical autonomy. Analysts say the U.S. pressure may backfire, strengthening India’s resolve and regional alliances.
(source timesofindia.indiatimes.com)
—Agencies
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