Berliner Boersenzeitung - Modi, Putin hold talks amid outrage over Ukraine strikes

EUR -
AED 4.061239
AFN 70.774285
ALL 90.674324
AMD 400.588378
ANG 1.979985
AOA 1014.065922
ARS 1708.818725
AUD 1.627461
AWG 1.992192
AZN 1.879823
BAM 1.955229
BBD 2.233478
BDT 137.929696
BGN 1.9559
BHD 0.418387
BIF 3352.91121
BMD 1.105852
BND 1.425122
BOB 12.980207
BRL 6.24054
BSD 1.108886
BTN 104.234956
BWP 15.384644
BYN 3.340924
BYR 21674.696468
BZD 2.230279
CAD 1.577039
CDF 2560.046784
CHF 0.924354
CLF 0.027949
CLP 1099.98486
CNY 7.37675
CNH 7.377757
COP 3668.807308
CRC 500.66502
CUC 1.105852
CUP 26.614223
CVE 110.234284
CZK 24.380825
DJF 197.474975
DKK 7.475371
DOP 67.280948
DZD 151.457624
EGP 59.092272
ERN 16.587778
ETB 181.067828
FJD 2.515094
FKP 0.835271
GBP 0.836107
GEL 2.864315
GGP 0.835271
GHS 12.985206
GIP 0.835271
GMD 81.832691
GNF 9825.217834
GTQ 8.473639
GYD 232.002207
HKD 8.675264
HNL 29.819556
HRK 7.534784
HTG 145.301483
HUF 365.491779
IDR 20145.248052
ILS 3.540329
IMP 0.835271
INR 104.187335
IQD 1681.139161
IRR 2116047.535497
ISK 136.616819
JEP 0.835271
JMD 175.668668
JOD 0.784015
JPY 176.996042
KES 143.716444
KGS 96.705527
KHR 4569.78864
KMF 493.210208
KPW 995.266721
KRW 1476.417309
KWD 0.34434
KYD 0.924147
KZT 492.534985
LAK 24954.70802
LBP 99304.282436
LKR 368.772242
LRD 188.517471
LSL 18.550659
LTL 3.265293
LVL 0.668919
LYD 7.151007
MAD 10.922908
MDL 20.227089
MGA 5061.52098
MKD 61.54566
MMK 2322.178184
MNT 3985.580384
MOP 8.959244
MRU 44.869968
MUR 52.660715
MVR 17.041092
MWK 1920.864311
MXN 20.579351
MYR 4.518954
MZN 70.674713
NAD 18.53394
NGN 1486.587678
NIO 40.808444
NOK 10.583743
NPR 166.774775
NZD 1.995747
OMR 0.425205
PAB 1.108976
PEN 3.780995
PGK 5.058613
PHP 70.551412
PKR 306.648568
PLN 4.405067
PYG 6874.084575
QAR 4.042474
RON 5.346681
RSD 117.602261
RUB 91.561274
RWF 1638.121327
SAR 4.174609
SBD 8.954413
SCR 15.490166
SDG 665.172606
SEK 11.089316
SGD 1.423286
SHP 0.828633
SLE 25.323544
SLL 23189.184907
SOS 633.101178
SRD 41.473866
STD 22888.900808
STN 24.493286
SVC 9.70334
SYP 14378.286141
SZL 18.534317
THB 37.444695
TJS 10.229949
TMT 3.88154
TND 3.33797
TOP 2.662625
TRY 55.680198
TTD 7.532935
TWD 36.35543
TZS 2940.298651
UAH 50.390575
UGX 4563.666457
USD 1.105852
UYU 44.947069
UZS 13274.121188
VES 995.809091
VND 28391.087743
VUV 133.070168
WST 3.0907
XAF 655.957
XAG 0.022146
XAU 0.000283734004
XCD 2.98862
XCG 1.998552
XDR 0.781895
XOF 655.957
XPF 119.331742
YER 261.535134
ZAR 18.548679
ZMK 9953.992832
ZMW 22.649689
ZWL 356.083848
SSP 6575.959858
MXV 2.311087
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Modi, Putin hold talks amid outrage over Ukraine strikes
Modi, Putin hold talks amid outrage over Ukraine strikes / Photo: Yuri KADOBNOV - POOL/AFP/File

Modi, Putin hold talks amid outrage over Ukraine strikes

Prime Minister Narendra Modi was set to hold talks with President Vladimir Putin on Tuesday, a day after the Indian leader arrived in Moscow amid global outcry over Russian strikes in Ukraine.

Text size:

Modi, visiting Moscow for the first time since Russia launched its campaign in Ukraine in February 2022, will seek to nurture New Delhi's India's long-standing relationship with Moscow.

At the same time, he is courting closer Western security ties after being returned to power last month as leader of the world's most populous country.

"There are no surprises in preparation. The main thing is to create an atmosphere for meaningful interaction," Kremlin spokesman Dmitry Peskov told state TV when asked about the talks.

Modi landed in Moscow hours after Russia launched a massive barrage targeting cities across Ukraine Monday that killed more than three dozen people and heavily damaged a children's hospital in Kyiv, sparking condemnation from governments in Europe and North America.

Russia is a vital supplier of cut-price oil and weapons to India, but Moscow's isolation from the West and growing ties with Beijing have impacted its partnership with New Delhi.

Western powers have in recent years also cultivated stronger relations with India as a hedge against China and its growing influence across the Asia-Pacific, while pressuring New Delhi to distance itself from Russia.

The United States on Monday urged Modi to make clear in his talks with Putin that "any resolution to the conflict in Ukraine must... be one that respects the UN Charter with respect to Ukraine's territorial integrity".

Modi last visited Russia in 2019 and hosted Putin in the Indian capital two years later, weeks before Russia began its offensive against Ukraine.

India has largely shied away from explicit condemnation of Russia ever since and abstained on United Nations resolutions targeting the Kremlin.

- Arms, oil and China -

But Russia's fight with Ukraine has also had a human cost for India.

New Delhi said in February it was pushing Moscow to return several of its citizens who had signed up for "support jobs" with the Russian military, following reports some had been killed after being forced to fight in Ukraine.

Moscow's relationship with China has also been a cause for concern.

Washington and the EU accuse China of selling components and equipment that have strengthened Russia's military industry -- allegations Beijing denies.

China and India remain intense rivals competing for strategic influence across South Asia.

India is also part of the Quad grouping with the US, Japan and Australia that positions itself against China's growing boldness in Asia.

New Delhi and Russia have maintained close links since the Cold War, which saw the Kremlin become a key arms provider to the country.

But Ukraine has stretched Russia's weapons supplies thin, pushing India to look for other sources for arms -- including growing its own defence industry.

Russia's share of Indian imports of arms has shrunk considerably in recent years, according to the Stockholm International Peace Research Institute.

At the same time, India has become a major purchaser of Russian crude, providing a much-needed export market for Russia after it was dropped by traditional buyers in Europe.

That has dramatically reconfigured their economic ties, with India saving itself billions of dollars while bolstering Moscow's war coffers.

India's month-on-month imports of Russian crude "increased by eight percent in May, to the highest levels since July 2023", according to commodity tracking data compiled by the Centre for Research on Energy and Clean Air.

But this has also resulted in India's trade deficit with Russia rising to a little over $57 billion in the past financial year.

From Russia, Modi will travel to Vienna for the first visit to the Austrian capital by an Indian leader since Indira Gandhi in 1983.

(L.Kaufmann--BBZ)