Berliner Boersenzeitung - Ukraine crisis stretches Indian 'neutrality' to the limit

EUR -
AED 4.273873
AFN 76.929105
ALL 96.379067
AMD 444.029165
ANG 2.083178
AOA 1067.159907
ARS 1669.272238
AUD 1.756871
AWG 2.097662
AZN 1.979007
BAM 1.953746
BBD 2.344035
BDT 142.270396
BGN 1.955457
BHD 0.438721
BIF 3450.522479
BMD 1.163751
BND 1.509219
BOB 8.070548
BRL 6.320677
BSD 1.163776
BTN 104.758292
BWP 15.482786
BYN 3.365775
BYR 22809.524649
BZD 2.340649
CAD 1.612779
CDF 2597.492788
CHF 0.939101
CLF 0.027377
CLP 1074.002511
CNY 8.229703
CNH 8.229217
COP 4447.857307
CRC 568.302402
CUC 1.163751
CUP 30.839408
CVE 110.730605
CZK 24.29028
DJF 206.822123
DKK 7.468604
DOP 74.771025
DZD 151.366954
EGP 55.248856
ERN 17.456269
ETB 180.916335
FJD 2.643812
FKP 0.872848
GBP 0.873441
GEL 3.136298
GGP 0.872848
GHS 13.336175
GIP 0.872848
GMD 85.546628
GNF 10111.253446
GTQ 8.914626
GYD 243.48501
HKD 9.054869
HNL 30.651768
HRK 7.533312
HTG 152.379765
HUF 384.868819
IDR 19409.043474
ILS 3.752108
IMP 0.872848
INR 104.908859
IQD 1524.596811
IRR 49023.021981
ISK 148.913831
JEP 0.872848
JMD 186.573808
JOD 0.825087
JPY 181.472459
KES 150.414828
KGS 101.769946
KHR 4661.987879
KMF 491.10353
KPW 1047.375979
KRW 1710.377003
KWD 0.357377
KYD 0.969884
KZT 594.694649
LAK 25239.567778
LBP 104218.856453
LKR 359.122365
LRD 205.414879
LSL 19.76172
LTL 3.436255
LVL 0.703942
LYD 6.32435
MAD 10.750995
MDL 19.732335
MGA 5189.56521
MKD 61.575251
MMK 2443.911415
MNT 4128.95989
MOP 9.326693
MRU 46.412195
MUR 53.672293
MVR 17.922294
MWK 2018.086552
MXN 21.261474
MYR 4.786468
MZN 74.375604
NAD 19.76172
NGN 1687.974768
NIO 42.824967
NOK 11.789138
NPR 167.613466
NZD 2.01475
OMR 0.447463
PAB 1.163781
PEN 3.914684
PGK 4.938807
PHP 68.853362
PKR 328.919325
PLN 4.23787
PYG 8003.583833
QAR 4.242039
RON 5.08815
RSD 117.38526
RUB 89.084365
RWF 1693.31939
SAR 4.367717
SBD 9.578362
SCR 16.246878
SDG 699.998259
SEK 10.94081
SGD 1.510321
SHP 0.873115
SLE 27.58248
SLL 24403.279831
SOS 663.904724
SRD 44.989458
STD 24087.301428
STN 24.474264
SVC 10.183292
SYP 12867.40098
SZL 19.756225
THB 37.123534
TJS 10.677872
TMT 4.084767
TND 3.418505
TOP 2.802034
TRY 49.539023
TTD 7.884743
TWD 36.277034
TZS 2851.190884
UAH 49.062908
UGX 4117.670065
USD 1.163751
UYU 45.462194
UZS 13954.326331
VES 299.789534
VND 30676.48315
VUV 141.795037
WST 3.245248
XAF 655.270765
XAG 0.020015
XAU 0.000278
XCD 3.145096
XCG 2.097494
XDR 0.81481
XOF 655.267953
XPF 119.331742
YER 277.613186
ZAR 19.828029
ZMK 10475.158382
ZMW 26.912815
ZWL 374.72743
  • RBGPF

    0.8500

    79.2

    +1.07%

  • CMSC

    -0.2100

    23.22

    -0.9%

  • BTI

    0.4000

    57.41

    +0.7%

  • BCC

    -1.2400

    71.81

    -1.73%

  • NGG

    -0.0800

    75.33

    -0.11%

  • RIO

    -0.0400

    73.02

    -0.05%

  • SCS

    -0.0200

    16.12

    -0.12%

  • GSK

    0.0600

    48.47

    +0.12%

  • AZN

    1.1000

    91.28

    +1.21%

  • RELX

    -0.8400

    39.48

    -2.13%

  • JRI

    -0.0700

    13.72

    -0.51%

  • RYCEF

    0.3100

    14.8

    +2.09%

  • CMSD

    -0.0800

    23.17

    -0.35%

  • VOD

    0.0300

    12.5

    +0.24%

  • BCE

    -0.2100

    23.34

    -0.9%

  • BP

    -0.0500

    35.78

    -0.14%

Ukraine crisis stretches Indian 'neutrality' to the limit
Ukraine crisis stretches Indian 'neutrality' to the limit

Ukraine crisis stretches Indian 'neutrality' to the limit

Russia's invasion of Ukraine has left India's traditional balancing act between Moscow and the West looking wobblier than ever, with experts saying New Delhi has few good diplomatic options.

Text size:

Last week India abstained on a UN Security Council resolution deploring Russia's "aggression" against Ukraine, winning praise from Moscow for its "independent and balanced position".

But while New Delhi hoped this would be seen as neutrality, in many capitals its failure to condemn the invasion was taken as de facto backing of Moscow that gave President Vladimir Putin useful diplomatic cover.

And India is also reportedly looking to bolster its rupee-rouble trade pact with Moscow, potentially undermining Western efforts to isolate Russia from the global financial system.

The crisis has left India facing a dilemma: it leant towards the Soviet Union during the Cold War -- while Pakistan was in the Western camp -- and their close relations outlived the fall of the Iron Curtain, with Moscow still by far its biggest arms supplier.

At the same time it needs Western support to contend with Xi Jinping's increasingly assertive China: Beijing is extending its reach into the Indian Ocean, and the two countries had a deadly border clash in 2020.

Together with the US, Japan and Australia, India is also a member of the "Quad alliance" that is seen as a bulwark against China.

Its decision to abstain at the Friday Security Council vote left it alongside only Beijing and the United Arab Emirates, while Russia vetoed the resolution.

"There are not many choices that India has," said Nandan Unnikrishnan of the Observer Research Foundation.

It "has as much investment in a relationship with Russia as it has in maintaining a relationship with the United States", he told AFP.

"India's challenges in the maritime is where it needs the United States and India's challenges on the continental shelf is where it requires Russia."

- Hug the bear -

Putin visited India last year, in a rare foreign trip for the Russian president, bear-hugging Prime Minister Narendra Modi as the two men bolstered military and energy ties.

New Delhi is the world's second largest importer of arms after Saudi Arabia and according to the Business Standard, between 2016-2020, 49.4 percent of its purchases were from Russia.

Late last year it began taking delivery from Russia of the S-400 missile defence system that it agreed to buy for over $5 billion in 2018, despite the threat of US sanctions.

And while New Delhi is looking to develop its own capacity and diversify its suppliers, US imports accounted for just 11 percent.

The Asian giant of 1.4 billion people is also a major consumer of Russian oil. Total annual bilateral trade runs at around $9 billion, with much smaller quantities of pharmaceuticals, tea and coffee going the other way.

Russia has also repeatedly vetoed UN resolutions condemning Delhi over its behaviour in Indian-administered Kashmir where a violent insurgency has raged for decades.

According to Happymon Jacob from Jawaharlal Nehru University, Russia is perhaps India's "only partner of consequence" in the territory to its north.

- 'East-West conflict' -

While New Delhi aspires to a permanent seat on the UN Security Council, a role that would bring greater responsibility on the world stage, it has been careful to avoid explicitly condemning Russia.

So far it has not referred to Moscow's operation as an invasion and instead emphasised narrow domestic aspects of the crisis, primarily the evacuation of Indian students from Ukraine.

Officially, Washington has kept its annoyance quiet, saying India and Russia "have a relationship... that we don't have" and calling on Delhi to use its "leverage" with Moscow.

But ex-officials have been more vocal, with former US diplomat Richard Haass calling India's "careful, avoid angering Putin at all costs response" a sign that it "remains unprepared to step up to major power responsibilities or be a dependable partner."

But commentator Sanjaya Baru said Western countries should be more indulgent of India's ties to Russia -- precisely because of its role in confronting China.

"Only a vibrant India can take the edge off an aggressive China," he wrote in the Times of India.

There is "no reason why India should be taking sides in what is essentially an East-West conflict, centred in Europe and a continuation of the Cold War", he added.

(L.Kaufmann--BBZ)