Tue, 02 Sep 2025

Tue, 02 Sep 2025 How oil has brought Russia, China and India closer

Russia's Vladimir Putin met China's and India's leaders in Tianjin in a show of solidarity.

* Monday's meeting between Putin, Xi Jinping and Narendra Modi marked a rare display of solidarity between Russia, China, and India.
* The three countries have strengthened ties due to their shared opposition to US sanctions and tariffs.
* India is buying more oil from Russia, despite facing high duties imposed by Washington for doing so.
* China is still negotiating a deal with the US that would stave off crippling tariffs and possible sanctions for buying Russian crude.
* The Shanghai Co-operation Organisation (SCO) summit aims to promote an alternative worldview to Western influence.
* Russia relies on oil exports from India and China, its largest trade partners, which have helped prop up Moscow's economy after its invasion of Ukraine.
* Putin may offer further discounts to secure more business with India and China.
* India could buy even more oil from Russia despite US condemnation, as New Delhi officials have said they will buy energy from where it gets the "best deal".
* The meeting between Modi, Xi Jinping, and Putin has been seen as a challenge to America's influence in the region.
  >>