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How do US sanctions on Russian oil impact India-Russia trade?
US sanctions on Russian oil aim to limit Russia's energy exports, but India has continued to buy discounted Russian crude despite these measures. This has created a complex situation where India seeks to balance its energy needs with international pressure, potentially risking US retaliation or sanctions on Indian entities involved in Russian oil imports.
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Are India and Russia planning new defense deals despite no major agreements?
While no major new defense deals were signed during Putin's visit to India, discussions on defense cooperation, including joint manufacturing and support for India’s self-reliance, continue. India remains committed to strengthening its defense ties with Russia, even amid geopolitical tensions and US sanctions.
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What are India’s economic goals with Russia for 2030?
India aims to boost bilateral trade with Russia to $100 billion by 2030. This includes expanding energy imports, defense cooperation, and economic partnerships. Despite external pressures, India is focused on deepening its strategic and economic ties with Russia as part of its broader foreign policy.
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How does US policy influence India’s foreign relations?
US sanctions and trade policies put pressure on India to choose between aligning with Western interests or maintaining its strategic autonomy. India seeks to navigate this carefully, balancing its longstanding partnership with Russia while engaging with the US and other Western nations.
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Will US sanctions lead to a shift in India-Russia relations?
While US sanctions complicate the relationship, India continues to prioritize its strategic partnership with Russia. The ongoing trade negotiations and defense cooperation suggest that India-Russia relations are resilient, even as external pressures increase.
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What risks does India face by continuing to buy Russian oil?
India risks US sanctions or tariffs if it continues to import Russian oil despite restrictions. However, the discounted prices and energy needs make it a strategic choice for India, which is trying to balance economic benefits with geopolitical risks.