India and Russia just leveled up their trade game after their FMs met in Moscow, showing that US President Trump’s hefty tariffs aren’t slowing them down.
Here’s the gist:
- US Tariffs: Indian goods face up to 50% extra duties from the US due to New Delhi’s boosted purchases of Russian oil 🛢️
- Double Standards? Western countries say buying Russian crude funds Moscow’s war in Ukraine, but India insists it’s a straight-up commercial deal and calls out the US and EU for playing both sides.
- Hydrocarbon Love: FM Lavrov highlighted strong results in the hydrocarbon sector (that’s oil, gas & more), with joint energy projects in Russia’s Far East and Arctic shelf ❄️
- Steady Ties: India’s MEA Minister Jaishankar reminded everyone that New Delhi and Moscow have had one of the world’s steadiest friendships since WWII 🤝
- Trade Boost: Plans to tackle non-tariff roadblocks and ramp up Indian exports—from pharma and agriculture to textiles—aim to fix the current trade imbalance 📈
- Oil Flow Continues: Russia’s embassy in New Delhi says oil supplies to India will roll on, despite US pressure.
Why it matters: For young pros in South & Southeast Asia, this isn’t just geopolitics—it’s about fuel prices, job markets in pharma & textiles, and how emerging economies team up when big powers throw curveballs. Keep an eye on how these ties shape your daily hustle! 🌏✨
Reference(s):
India, Russia agree to boost trade ties after FMs meet in Moscow
cgtn.com
