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Davina Gupta

๐Ÿ‘ค Speaker
62 total appearances

Appearances Over Time

Podcast Appearances

Global News Podcast
Netflix blockbuster deal

We just heard how Mr. Putin said that he wants those fuel shipments to continue to come to India.

Global News Podcast
Netflix blockbuster deal

because India has been buying almost 40% of its overall oil needs from Russia.

Global News Podcast
Netflix blockbuster deal

So essentially sending billions of dollars to Russia through that trade.

Global News Podcast
Netflix blockbuster deal

They're also firming up long-term supply deals for fertilizers or liquefied natural gas.

Global News Podcast
Netflix blockbuster deal

And then there was also discussion about people-to-people movement, India easing visa rules.

Global News Podcast
Netflix blockbuster deal

for Russians to come to India and also Russia asking for the skilled labor force like engineers and doctors to come to Russia to fill a labor shortage gap that the country is witnessing.

Global News Podcast
Netflix blockbuster deal

We also saw some agreements at the business forum that I attended on education, agriculture and even natural mineral sites.

Global News Podcast
Netflix blockbuster deal

So that's something that both countries are focusing on when it comes to trade.

Global News Podcast
Netflix blockbuster deal

Well, that's the part that Delhi is finding harder to explain, because India's purchases of Russian crude have been a financial lifeline for Moscow.

Global News Podcast
Netflix blockbuster deal

But it is because India is one of the biggest buyers for that.

Global News Podcast
Netflix blockbuster deal

The West has been arguing that that money ultimately supports Russia's war economy, while India says it's acting in its own national interest.

Global News Podcast
Netflix blockbuster deal

It wants to keep energy affordable for its billion-plus population.

Global News Podcast
Netflix blockbuster deal

And it has been seeing that tension rising with its other trade partner, the U.S., which has slapped a 50 percent tariff, mainly due to its purchases of Russian crude, which continues.

Global News Podcast
Netflix blockbuster deal

There has been some reduction in

Global News Podcast
Netflix blockbuster deal

these purchases because the U.S.

Global News Podcast
Netflix blockbuster deal

has sanctioned Russian oil refineries.

Global News Podcast
Netflix blockbuster deal

But from today's press conference, it's clear that Mr. Putin wants that fuel supply to continue to India, and that will be a contentious issue.

Global News Podcast
Netflix blockbuster deal

For Mr. Modi, it's a balancing act.

Global News Podcast
Netflix blockbuster deal

On one hand, the Russia relationship is a longstanding one.

Global News Podcast
Netflix blockbuster deal

India calls Russia its old ally from the Soviet era.