Putin, Modi, and Other World Leaders Attend Security Summit in China
Russian President Vladimir Putin and Indian Prime Minister Narendra Modi are among the twenty world leaders in China this week for the annual gathering of the Shanghai Cooperation Organisation (SCO) in the port city of Tianjin. Xi Jinping, China's president, is also holding talks with Modi ahead of the summit. It is Modi's first time in China in seven years.
The summit comes as US President Trump has imposed steep tariffs on Indian goods as punishment for Delhi's continued purchase of Russian oil, and Putin faces threats of sanctions for his ongoing war on Ukraine.
Timely Context for Investing
BBC News reported on the story, stating that the move highlights the difficult position developing countries find themselves in when trying to diversify their trading partners while remaining independent and avoiding sanctions from larger global powers. The story also highlights the continuing struggle for Putin and Modi, whose nations continue to build reciprocal diplomatic and economic relationships despite being weighed down by sanctions and punitive tariffs.
