Putin in New Delhi for BRICS Summit with 300 Executives to Negotiate Supply Chains
Putin's visit to New Delhi for the BRICS summit, accompanied by over 300 Russian executives, signals a deepening of Russia-India economic ties amid Western sanctions. The focus on supply chains and food security contracts suggests a strategic pivot to non-Western markets. This development underscores India's balancing act between Russia and the West, with potential implications for global trade dynamics.
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BRICS Summit: India-China Thaw, De-dollarization Push, and Ukraine Mediation
The BRICS summit in New Delhi is characterized by a significant thaw in India-China relations, marked by Xi Jinping's first visit since 2019 and bilateral meetings with PM Modi to address border disputes and boost trade. Concurrently, the bloc is consolidating efforts to counter US influence through de-dollarization and expansion, with Russia deepening economic ties with India. Confidence in these developments is Medium-High, though concrete outcomes on border agreements and de-dollarization remain uncertain.