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Can Putin rely on India to boost Russia’s war economy? – DW – 07/04/2024

India took a lot of flak in the West for increasing imports of Russian fossil fuels in the face of Moscow’s full-scale invasion of Ukraine. The world’s third-largest oil importer saw deliveries from Russia jump tenfold in 2022 and double again last year, thanks to heavy price discounts. India’s coal imports from Russia rose threefold over the same two-year period.

Despite accusations of funding Putin’s war machine, New Delhi has justified the increase by citing India’s traditional “stable and friendly” ties with Moscow and its heavy reliance on imported oil. 

As Indian Prime Minister Narendra Modi prepares to meet his Russian counterpart Vladimir Putin in Moscow next week, Putin will be looking to further boost trade with the South Asian power to shore up Russia’s commodity-dependent economy and lessen the impact of Western sanctions over the Ukraine war.

When announcing…

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