The crucial summit between US President Donald Trump and Russian President Vladimir Putin held in Alaska did not yield an agreement to end or suspend the Ukraine war. The meeting has generated significant global interest, especially in India, which depends heavily on Russian oil. The outcome of the talks could impact India’s economic interests. The US has imposed a 50% tariff on Indian imports and a 25% penalty on direct crude oil purchases from Russia. These tariffs could jeopardize India’s exports and approximately one percent of its GDP. The US imposed these tariffs amidst worldwide political tensions, attempting to apply economic pressure on Russia while balancing strategic interests in Asia. The Alaska talks have thus taken on great significance, with India carefully assessing the implications for its energy security and trade relations.
