Markets
EUR/USD1.1751 0.10%GBP/USD1.3599 0.14%USD/JPY156.31 0.06%USD/CHF0.7792 0.01%AUD/USD0.7237 0.09%USD/CAD1.3620 0.13%USD/CNY6.8248 0.20%USD/INR94.67 0.05%USD/BRL4.9171 0.16%USD/ZAR16.40 0.05%USD/TRY45.26 0.07%Gold$4,707.60BTC$80,139 1.49%ETH$2,296 2.09%SOL$88.65 0.29%
India

Russia backs India amid BRICS West Asia rift talks

Russian Foreign Minister Sergey Lavrov is visiting India to discuss the Iran war and disagreements among BRICS nations. Russia's backing emphasizes India's role as a diplomatic mediator on Middle East issues despite conflicting interests among major powers.

Economic Times96 h ago
India New Delhi government building
Photo: Yogendra Singh / Pexels

India is attempting to mediate between different positions within BRICS nations on the Iran war. While China and Russia appear to support Iran, India pursues a balanced approach due to energy needs. Lavrov's visit is part of an effort to maintain this delicate balance.

India's concerns about oil imports from Iran and inflation from rising oil prices determine its foreign policy. Russia's backing of India demonstrates the depth of their strategic partnership while allowing India to function as an independent global actor.

These coordination efforts within BRICS signal work to create an alternative front against Western sanctions. Simultaneously, it shows India's desire to protect its significant economic interests in the Middle East.

GeopoliticsEnergyIndiaEconomic Times
Source: Economic Times

More from India