A Double Bind for India: Putin's War and US Tariffs The meeting between Indian Prime Minister Narendra Modi and Russian President Vladimir Putin on the sidelines of the Shanghai Cooperation Organization summit has yielded a diplomatic stance from New Delhi that walks a fine line.
Modi's entreaty to end the Ukraine war and cease hostilities comes as the United States threatens India with tariffs on its oil imports from Russia.
India's reliance on Russia is substantial: Russian crude accounts for over 50% of India's oil imports, and between April and July, Russian exports to India rose to over $34 billion, up nearly 60% from last year.