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A recent meeting between US President Donald Trump and Russian President Vladimir Putin in Alaska concluded without an agreement to end or suspend the Ukraine war. The summit’s outcomes are drawing significant global attention, particularly in India, a major importer of Russian oil. The talks’ results could notably affect India’s economic interests. The US has imposed a 50% tariff on goods imported from India and a 25% penalty on crude oil purchases directly from Russia. These tariffs could negatively impact India’s exports, potentially endangering approximately one percent of its GDP. The US is implementing these tariffs amid international political tensions, aiming to exert economic pressure on Russia while also balancing strategic interests in Asia. India is closely monitoring the Alaska talks, focusing on implications for energy security and trade relations.
