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Modi Laoxian visited Russia for the first time after opening the Prime Minister 3.0 era, and also visited Russia again after five years, which shows the importance he attaches to Russia.
Modi flew to Moscow on the 8th and had an informal exchange with Putin at the presidential residence in Novo-Ogaryovo, during which the enthusiastic Putin personally drove Modi to the official residence garden. After all, Putin has always wanted to build an "iron triangle" between China, Russia and India, and then build a so-called "Eurasian security system".
For the sake of China and Russia, Putin's attitude may slow down while deepening cooperation with Modi.
First visit to Russia, Putin drove
India Prime Minister Modi arrived in Moscow on the 8th and began his first two-day foreign visit after being re-elected. The NATO 75th anniversary summit will be held from the 9th to the 11th, and Modi's visit will definitely be labeled as "pro-Russian" by people with ulterior motives, but for Modi, who has been re-elected for three consecutive terms, he has not yet taken this groundless speculation into his eyes.
After Modi arrived in Russia, he said in Russian:
"I have arrived in Moscow. We look forward to further deepening the strategic partnership between the two countries, especially in the areas of future cooperation. Strengthening relations between India and Russia will greatly benefit the peoples of both countries. ”
Putin also attaches great importance to Modi's visit.
A deputy prime minister of Russia personally met Modi at the airport and greeted him on the red carpet, before taking him to Putin's official residence for an informal exchange. As for Modi's visit, Putin affectionately called Modi a "dear friend", and at the subsequent tea party, the two had a brief exchange of official talks on the 9th.
Putin then personally took Modi on a tour of his official residence in a motor vehicle to ease the sense of alienation that they hadn't seen each other for five years.
Normally, when a prime minister takes office, he has a tradition of visiting neighbouring countries, but Modi has broken with that tradition. Modi's visit to Russia is aimed at maintaining overall stability in relations between the two countries and thus addressing numerous geopolitical challenges. But there is one premise affecting bilateral relations between India and Russia, and that is the imbalance of trade between the two countries!
The Ministry of Foreign Affairs of India released a message on the 5th:
By March 2024, India's bilateral trade with Russia has increased by 33% to a new high of $65.7 billion, of which India's exports to Russia are only $4.26 billion, while imports from Russia are nearly $61.44 billion.
Is it really true that trade disparities are so large that India still boasts of being a powerful "world power" that can bargain with Russia and even gain the upper hand?
Deepen strategic cooperation and seek from each other
Modi believes that India and Russia are special priority strategic partners and have made great strides in cooperation in various fields over the past decade. Modi is satisfied, but on trade, Putin may have a different view.
During Modi's visit to Russia, one of the core issues discussed by the two sides was the issue of currency settlement.
Since the outbreak of the Russian-Ukrainian conflict, not only has it failed to achieve the "lightning" end that Putin expected, Russia and Ukraine have fallen into protracted attrition, so that Russia, which had the upper hand at the beginning, gradually showed fatigue and gradually became inadequate. Coupled with the deliberate financial sanctions imposed by the United States and the West, Russia has chosen to maintain close cooperation with India.
After all, Russia is a military power and an energy power, and resources such as combat-ready components, oil, and natural gas are extremely attractive to India, and bilateral trade reached a new high of $65.7 billion in March 2024, with low-cost exports of Russia's resources accounting for the vast majority of them.
Bilateral trade is enough for Russia to ease the pressure on the domestic economy to a certain extent; For India, it has made a lot of money, saving India $13 billion just by importing low-cost crude oil from Russia, plus India refining crude oil and exporting it to the European market to grab a huge trade deficit.
Because India's transactions with Russia are paid in India rupees, so that Russia companies have accumulated as much as $8 billion in India rupees but cannot use them, Russia has repeatedly proposed to settle in yuan and other currencies, but Modi has strongly refused, Modi believes that the use of other currencies will hinder the international process of the India rupee, which is Modi's self-imposed advantage.
For the previous small friction, the two sides will take this opportunity to explore an effective payment method that is satisfactory to both parties. If the two sides reach a consensus on the issue of currency settlement, the relationship between the two sides will naturally rise to the next level.
For Putin, who is bent on building a "Eurasian security system", after the two sides discuss cooperation matters, he will definitely propose to Modi to build an "iron triangle" between China, Russia and India, and will vigorously mediate the border issue between China and India.
The Sino-Indian border issue is a historical legacy and a contradiction in reality, but the Line of Actual Control (LAC) that India thought was actually drawn within China's territory, which is unacceptable to China in safeguarding national sovereignty and territorial integrity, so that China and India are always tense on the border issue.
And this time Putin "requested" India and China to ease relations under the premise of slowing down his attitude, as long as Modi does not go too far, the "iron triangle" between China and Russia and India has a lot to do.
Russia-Ukraine conflict, peace "crucial"
During the official talks on the 9th, Modi and Putin discussed the Russia-Ukraine conflict, during which Modi made a speech during which he said that peace was "crucial" and that "war cannot solve the problem, and the road to peace needs to be found through dialogue." ”
Modi's words are clear, but everyone knows that Ukraine President Zelensky has long been dissatisfied with Modi's visit to Russia, and on the day of Modi's official talks with Putin, Zelensky issued a document saying:
Modi's visit to Moscow was "a big disappointment and a devastating blow to peace efforts."
Regarding Modi's visit to Russia, some voices outside believe that the United States and the West are isolating and blockading Russia while also putting pressure on India, so that a series of talks between the two sides is "unlikely to reach a breakthrough agreement."
epilogue
Modi's visit to Russia follows Hungary Prime Minister Viktor Orban's visit to Russia and is committed to advancing the process of a political settlement of the conflict between Russia and Ukraine. Now that Modi is visiting Russia again, a peaceful resolution of the Russia-Ukraine conflict is already the desire of the people.
As for whether Modi will ease relations with China under Putin's mediation and build an "iron triangle" between China, Russia and India, we will wait and see.
[Information sources:
Visiting Russia again after 5 years, Modi got into Putin's car2024-07-09 12:00 · direct news
Modi's first visit to Russia after re-election The United States and the West are sour2024-07-08 22:43· direct news
Foreign media: Modi spoke during his visit to Russia, saying that peace is "crucial" and that "war cannot solve the problem"2024-07-09 21:10· Global Network
Modi's visit to Russia, Zelensky: Great disappointment, is a devastating blow2024-07-10 06:22 · Shangguan News]
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