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Wide-ranging economic sanctions on Russia are likely to stay for several years, if not decades. Given Russia’s critical global role as a supplier of key commodities and military hardware, India should pursue long term solutions to continue this trade.
Courtesy: Justin Lane/European Pressphoto Agency
The BRICS have largely abstained from the UNSC resolution condemning Russia’s attempts to annex four Ukrainian provinces. Is it BRICS solidarity or is it because the interests of the Global North and its allies, and those of the Global South, are diverging?
Courtesy: Economic Times
India is stepping into a new era of free trade agreements in the midst of turbulent global waters that bring both risks and opportunities. A fragile global recovery can dampen demand for India’s goods, but it can also attract medium and high-tech manufacturing sectors leaving China, benefit from technology and skill transfer from abroad and lay a strong foundation for growth.
Courtesy: Reuters
The recent SCO Summit held in Samarkand was significant not only because it was held in-person after three years but also because of its rapid expansion and the increasing attention to economic development. The SCO’s progress on connectivity, commerce and digitalization is relevant for India which takes over the presidency in 2023.
Courtesy: Chamber of Commerce and Industry of the Russian Federation
An estimated 9 million Central Asians reside and work in Russia, and almost every major city in the country is dependent on their labour. It’s a marriage of convenience but beneficial all around. Russia gets modernised infrastructure, while remittances bring in much-needed capital to Central Asia.
Courtesy: Iran Press News Agency
The relevance of the Shanghai Cooperation Organisation has increased due to the clear divisions developing in the world, since the Ukraine crisis began. Several leaders will probably attend in-person, a chance to advance their regional and economic interests. India has good relations with most SCO countries, and sees the upcoming Summit as a way to secure its strategic and security objectives.
Courtesy: Narendra Modi/Facebook
India will be president of the G20 in 2023. The world’s most influential economic governance body is facing an existential crisis, where the major powers have fallen out. With geopolitical currents redefining geo-economics, India needs to be ready to emerge as the chief global diplomat.
Courtesy: TASS
Russian President Vladimir Putin’s July visit to Iran was a geopolitical reset for both countries. The collapse of the JCPOA and the Ukraine crisis has strategically united Iran and Russia against their common adversary, the U.S. Russia is now a credible alternative to fill the investment vacuum for Iran’s defence, trade and energy sectors.
Courtesy: Zabel Joshi
Bombay was once an important Armenian settlement in the 18th and 19th centuries, as the English East India Company was keen to relocate the successful Armenian merchants of Surat to the Company’s new outpost of Bombay. Today, no Armenians from Bombay’s historic community remain, but their church and cemetery survive, the subject of study for Armenian expatriates keen to rediscover their history.
Courtesy: Reuters
The Ukraine crisis has sent the EU scrambling for new gas supplies, generating fresh interest in gas pipelines from Central Asia and West Asia via Turkey. Practical difficulties make most of these new projects unviable.