Russia and India urge Gaza ceasefire in New Delhi summit statement
Following their annual summit in New Delhi, Russia and India issued a joint call for all parties in Gaza to remain committed to a cessation of conflict. The statement emphasized protecting civilians and adhering to international law, while also highlighting the need for dialogue on Iran's nuclear program and agreeing to boost bilateral trade using national currencies.
Russia and India have jointly called for a sustained cessation of hostilities in Gaza, urging all parties to adhere to existing agreements. The appeal was made in a statement released on Friday following the 23rd annual India-Russia summit hosted by Prime Minister Narendra Modi in New Delhi for President Vladimir Putin. The leaders expressed shared concern over the humanitarian situation and regional stability.
Diplomatic Stance on Middle East Crises
In their joint declaration, Moscow and New Delhi reiterated a commitment to peace in the Middle East, advocating for "restraint, protection of civilians and compliance with international law." They stressed the importance of avoiding actions that could further escalate tensions. On the Iranian nuclear issue, the two nations emphasized resolving the matter through diplomatic dialogue. This stance comes amid reported violations of the Gaza ceasefire that took effect in October.
Expanding Strategic and Economic Partnership
The summit yielded several agreements, with memoranda of understanding signed on trade, maritime cooperation, migration, and academic exchanges. A key economic decision was the mutual agreement to continue developing bilateral settlement systems using national currencies, aimed at ensuring uninterrupted trade. They also plan to work on interoperability between their national payment and financial messaging systems, reinforcing economic ties independent of Western financial networks.
Trade Goals Amid Western Pressure
Russia and India, who share a "special and privileged strategic partnership," have set an ambitious bilateral trade target of $100 billion by 2030, up from the current $68.7 billion. President Putin's visit occurs as New Delhi faces increasing pressure from the United States, which has imposed tariffs partly in response to India's continued purchases of Russian oil amidst the Ukraine war. The summit underscores India's balancing act in maintaining key strategic partnerships.
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