Today’s panel discussion of Peskov’s press conference ahead of the state visit to India tomorrow

The production team at NewsX World has been very speedy uploading an interview from a couple of hours ago that I shared with a Delhi-based international relations expert discussing the forthcoming state visit.

While my Indian fellow panelist was aglow with enthusiasm for the state visit and ever closer Russian-Indian relations in a wide array of domains including now atomic energy electricity generating stations (with Rosatom), space exploration and the Arctic North, and while the presenter boasted that the current 68 billion dollars in two-way trade is projected to rise to 100 billion, I was more guarded for a number of reasons. First, the rapid growth in trade has been thanks to an enormous increase in Indian imports of Russian petroleum these past couple of years. This is now stopped dead in its tracks by the Trump secondary tariffs.  For these reasons, the date of this state visit is unfortunate.

US domination of markets continues and puts in jeopardy the economic dimension of BRICS, which is exactly what Trump wants. I acknowledge that directionally, global trade is shifting away from the dollar, but the dramatic effect will be felt only in the long term and in the long term we are all dead.

BRICS and the strategic cooperation between India and Russia are not driving multipolarism; rather it is Russian victory on the battlefields of Ukraine that today is driving multipolarism globally.

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