The summit between US President Donald Trump and Russian President Vladimir Putin in Alaska failed to produce a deal to halt or pause the Ukraine war. The summit is garnering considerable international interest, especially in India, due to the country’s reliance on Russian oil imports. The discussions’ consequences could significantly affect India’s economic standing. The United States has levied a 50% tariff on Indian imports and a 25% penalty on direct crude oil purchases from Russia. Experts suggest that these tariffs could harm India’s exports, potentially putting around one percent of its GDP at risk. The US imposed the tariffs amid global political strains, seeking to economically pressure Russia while managing Asian strategic interests. The Alaska talks are therefore crucial, with India keenly observing the implications for its energy security and trade relationships.
Alaska Summit: Trump and Putin’s Meeting and Its Ramifications on Ukraine, Trade, and India
