Though India's refiners have signaled their intention to reduce purchases of Russian crude oil in the near future, Prime Minister Narendra Modi has continued to strengthen his connection with President Vladimir Putin. Both leaders are expected to attend the Shanghai Cooperation Organisation (SCO) summit next week in Tianjin at Chinese President Xi Jinping's invitation. As President Trump seeks to end the war between Russia and Ukraine, he acknowledged that a direct meeting between Presidents Putin and Zelensky is less likely since Russia's leader so strongly dislikes Ukraine's. President Trump indicated that new sanctions against Russia are being considered and the administration has not yet placed sanctions on other nation's that purchase Russian oil, including China. |