Courtesy: Reuters
The BRICS Summit in Delhi carried over the issues from the previous years. But it was particularly important because it also hosted the India-China leaders’ bilateral, and it was preceded by the visit of Chinese President Xi to the U.S. The optics of the 2026 Summit will have been keenly watched in Washington for its effect on U.S.-China relations.
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Chinese President Xi Jinping’s September state visit to the U.S. produced no joint statement, indicating major differences, although both countries agreed Iran should not develop nuclear weapons and no country should collect tolls in the Strait of Hormuz. Tariffs on China remained unresolved. There was a staleness to the visit, with both countries’ leaders focused on the past. The visit appears to favour China, denoting its growing stature.
Courtesy: Global Times
Russia marked 22 per cent growth in trade with China in the first half of 2026, putting it on track for a record-breaking year. Three decades of growth have made China indispensable to Moscow, while sanctions-evasion networks have eased Russia’s isolation and increased dependence on Beijing. Wary of over-reliance, Russia has pivoted towards India and Africa since 2022, but these ties are unlikely to replace China.
Courtesy: Xinhua via AP
Russia-China ties have come a long way from the tensions of the Cold War. Since Russia’s relationship with the West began deteriorating in 2008, China has emerged as a counterweight, with growing economic and cultural ties. In 2026, 83% of Russians viewed China favourably, while bilateral trade grew 22%. This relationship seems rock-solid, and even a thaw with the West is unlikely to alter its course.
Courtesy: Xinhua / Wang Ye
The SCO aims to be more than a security dialogue, because churn in the global order means not only military power but includes new instruments like infrastructure, energy and technology. The SCO has potential here. China’s factories, Russia’s energy and resources, India’s technology and services, and Central Asia’s location and minerals, connected to Iran and Pakistan’s location on the Arabian Sea, could become a formidable economic geography.
Courtesy: The Economic Times
“Economic D-Day”, recently announced by the U.S. Trump administration, will put additional sanctions on any party which facilitates any activity with Iran. India, Iraq, Turkey, and the UAE could be affected. But ironically China, the biggest supporter of Iran’s regime, may be off the hook given the deep mutual over-reliance with the U.S. and the risk that further sanctions on China could put the global financial system in jeopardy.
Courtesy: Kenny Holston / AP
President Donald Trump’s May 13-15 visit to China was set against the backdrop of the ongoing U.S.-Israel-Iran conflict. Though the agenda was an economic one, Beijing used the occasion to project itself as a stabilising power, urging dialogue between Washington and Tehran. The visit did produce agreements on trade and investment, but the absence of a joint statement and differing priorities exposed persistent tensions. In this tale of two visits, China seems to have trumped the U.S.
Courtesy: Sri Lanka PMD
After a remarkable recovery from a very deep crisis in 2022, Sri Lanka’s recent budget for 2026 consolidates economic stabilisation and introduces a few markers for further growth. But more needs to be done to embed a growth strategy and transform its economy to avoid further IMF austerity programmes.
Courtesy: Gateway House
There’s growing speculation about a power struggle in China and whether President Xi Jinping is losing control. Amid reported internal rifts within the Communist Party of China, Xi has launched a military purge, removing several top officials, while Chinese companies face mounting internal issues. Lt Gen S. L. Narasimhan, Adjunct Distinguished at Gateway House, analyses these rumours and reveals China’s internal dynamics.
Courtesy: Telegrafi
On October 22, 2025, U.S. President Donald Trump imposed sanctions on Russia’s oil giants, Rosneft and Lukoil. The move has clear geopolitical motives—to remove a major supplier from an oversupplied oil market. Indian oil companies, key buyers of Russian crude, now face pressure to cut imports, undermining India’s energy diversification and shaking global oil markets, including the U.S. economy.