Russian President Vladimir Putin has directed his government to address the trade imbalance created by India’s large-scale crude oil imports. The move comes as Putin prepares for a visit to India in December, where he aims to strengthen the strategic relationship between the two countries.

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• Putin called for solutions to balance trade, particularly through increased Russian imports of Indian agricultural products and medicines.
• The trade imbalance has been exacerbated by India’s significant crude oil imports from Russia.
• Putin emphasized the “special” and tension-free nature of Russia-India relations, citing historical ties and shared respect for India’s independence.
• He described Prime Minister Modi as a “wise and balanced” leader, praising India’s decision to resist US pressure on Russian oil imports.
• Putin criticized US tariffs, warning they could raise global prices and harm the US economy.
• He acknowledged challenges in financing, logistics, and payments but is hopeful for future collaboration in areas like AI and advanced technologies.
• Russia and India’s strategic partnership will soon mark its 15th anniversary, with both countries closely collaborating on key issues.
• Putin’s upcoming visit to India will be his first since the Russia-Ukraine conflict began in 2022.
• The visit aims to deepen Russia-India ties and address global uncertainties, with talks expected to cover defense, energy, and economic cooperation.
• Russia is also working to support Indian exporters affected by US tariffs, providing alternative market access.