Indian Prime Minister Modi asks Putin to end Ukraine war amid U.S. tariff threat on Russian oil
Indian PM Narendra Modi has urged Russia to end the Ukraine war and to cease hostilities.
TL;DR
- Indian Prime Minister Narendra Modi urged Russian President Vladimir Putin to end the Ukraine war and cease hostilities.
- Modi stated that India supports all peace efforts and must move from endless war to the cessation of hostilities.
- Russia's Defense Ministry announced plans for massive strikes on Ukraine's energy infrastructure.
- A recent Russian strike on an ammunition warehouse resulted in 38 deaths.
- The U.S. House is expected to pass a bill imposing tariffs on countries buying significant amounts of Russian crude oil or gas.
- Russia is India's largest crude supplier, with imports accounting for over 50% in June and July.
- Bilateral trade between Russia and India has grown, although Putin noted a slight decline last year.
- The U.S. has previously imposed tariffs on India for its energy trade with Russia and is seeking to increase Venezuelan crude supply to India.