IBOV 166,191.45 ▼ 0.82% IPC MEX 71,033.20 ▲ 0.30% MERVAL 2,848,945 — — USD/BRL5.50▲ 0.82% USD/MXN18.71▲ 0.48% USD/CLP977.69▲ 1.16% USD/COP3,230▼ 0.63% USD/PEN3.44— 0.00% USD/ARS1,545▼ 0.19% USD/UYU40.22▲ 3.24% USD/PYG6,358▲ 9.88% USD/BOB11.92▲ 1.74% USD/DOP60.57▲ 0.12% USD/CRC449.63▲ 2.27% USD/GTQ7.64▲ 3.16% USD/HNL26.87▼ 0.09% USD/NIO36.62▲ 0.07% USD/VES892.65▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 2.67% USD/TTD6.64▲ 1.14% EUR/BRL6.17▲ 0.42% BRENT 99.86 ▲ 1.60% WTI 91.64 ▲ 1.24% IRON ORE 161.91 — — COPPER 6.29 ▲ 0.59% GOLD 4,081 ▼ 0.80% SILVER 52.10 ▼ 0.25% SOY 1,193 ▲ 0.97% CORN 440.50 ▲ 0.11% WHEAT 597.50 ▼ 0.29% COFFEE 277.40 ▼ 0.84% SUGAR 18.60 ▲ 0.70% ORANGE JUICE 136.15 ▲ 3.54% COTTON 78.45 ▲ 0.44% COCOA 5,290 ▼ 3.04% BEEF 214.48 ▼ 1.62% CATTLE 320.58 ▼ 3.45% LITHIUM 60.18 ▼ 2.75% PETR4 45.95 ▼ 2.48% VALE3 62.67 ▲ 0.51% ITUB4 39.97 ▲ 0.65% BBDC4 13.77 ▼ 2.06% ABEV3 15.48 ▲ 1.51% BBAS3 16.49 — 0.00% B3SA3 14.36 ▲ 0.42% WEGE3 48.30 ▼ 3.50% PRIO3 61.54 ▼ 0.97% SUZB3 52.29 ▼ 0.11% RENT3 29.07 ▼ 1.32% AZZA3 14.06 ▲ 0.64% CSAN3 2.50 ▲ 4.60% RAIZ4 27.57 ▲ 1.73% PCAR3 2.39 ▲ 3.91% GMAT3 3.71 ▲ 5.10% PSSA3 43.71 ▼ 2.63% CVCB3 0.82 ▲ 1.23% POSI3 3.11 ▼ 1.89% SLCE3 16.35 ▼ 1.51% NATU3 5.35 ▼ 1.29% BRKM5 3.03 ▼ 0.66% RANI3 8.46 ▼ 1.97% CSNA3 4.05 ▼ 0.74% IBOV 166,191.45 ▼ 0.82% IPC MEX 71,033.20 ▲ 0.30% MERVAL 2,848,945 — — USD/BRL 5.50 ▲ 0.82% USD/MXN 18.71 ▲ 0.49% USD/CLP 977.69 ▲ 1.16% USD/COP 3,230 ▼ 0.63% USD/PEN 3.44 ▼ 0.00% USD/ARS 1,545 ▼ 0.19% USD/UYU 40.22 ▲ 3.24% USD/PYG 6,358 ▲ 9.88% USD/BOB 11.92 ▲ 1.74% USD/DOP 60.57 ▲ 0.12% USD/CRC 449.63 ▲ 2.27% USD/GTQ 7.64 ▲ 3.16% USD/HNL 26.87 ▼ 0.09% USD/NIO 36.62 ▲ 0.07% USD/VES 892.65 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 2.77% USD/TTD 6.64 ▲ 1.17% EUR/BRL 6.17 ▲ 0.44% BRENT 99.86 ▲ 1.60% WTI 91.64 ▲ 1.24% IRON ORE 161.91 — — COPPER 6.29 ▲ 0.59% GOLD 4,081 ▼ 0.80% SILVER 52.10 ▼ 0.25% SOY 1,193 ▲ 0.97% CORN 440.50 ▲ 0.11% WHEAT 597.50 ▼ 0.29% COFFEE 277.40 ▼ 0.84% SUGAR 18.60 ▲ 0.70% ORANGE JUICE 136.15 ▲ 3.54% COTTON 78.45 ▲ 0.44% COCOA 5,290 ▼ 3.04% BEEF 214.48 ▼ 1.62% CATTLE 320.58 ▼ 3.45% LITHIUM 60.18 ▼ 2.75% PETR4 45.95 ▼ 2.48% VALE3 62.67 ▲ 0.51% ITUB4 39.97 ▲ 0.65% BBDC4 13.77 ▼ 2.06% ABEV3 15.48 ▲ 1.51% BBAS3 16.49 — 0.00% B3SA3 14.36 ▲ 0.42% WEGE3 48.30 ▼ 3.50% PRIO3 61.54 ▼ 0.97% SUZB3 52.29 ▼ 0.11% RENT3 29.07 ▼ 1.32% AZZA3 14.06 ▲ 0.64% CSAN3 2.50 ▲ 4.60% RAIZ4 27.57 ▲ 1.73% PCAR3 2.39 ▲ 3.91% GMAT3 3.71 ▲ 5.10% PSSA3 43.71 ▼ 2.63% CVCB3 0.82 ▲ 1.23% POSI3 3.11 ▼ 1.89% SLCE3 16.35 ▼ 1.51% NATU3 5.35 ▼ 1.29% BRKM5 3.03 ▼ 0.66% RANI3 8.46 ▼ 1.97% CSNA3 4.05 ▼ 0.74%
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Friday, November 6, 2026

Europe and Russia South Asia & India

Modi’s Calculated Move: A Strategic Visit to Russia

By · July 5, 2024 · 2 min read

Prime Minister Narendra Modi’s upcoming trip to Russia marks a significant chapter in India’s foreign policy.

Set against the backdrop of the Ukraine conflict, this visit is his first since tensions in the region escalated.

The journey reflects more than diplomatic formality; it is a pivotal move in the intricate dance of global relations.

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India adopts a stance of careful neutrality in the Ukraine conflict. It neither condemns Russia’s actions nor breaks its ties, balancing engagements with Western powers and Russia alike.

This approach aligns with a broader pattern among Global South nations, striving for influence in a world that values multipolar power dynamics. The trip also highlights India‘s economic pragmatism.

Modi's Calculated Move: A Strategic Visit to Russia
Modi’s Calculated Move: A Strategic Visit to Russia.
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It maintains trade with Russia, especially in crucial sectors like oil and military hardware, ensuring national interests are safeguarded without entangling them in Western sanctions.

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This maneuver is indicative of India’s larger goal of navigating its strategic autonomy without compromising economic security.

Furthermore, Modi‘s visit serves as a counterbalance amidst growing concerns over China’s regional assertiveness.

By reinforcing ties with Russia, India aims to buffer pressure from its northern neighbor.

Concurrently, it engages with the U.S. and other Western nations, fortifying its international presence. Modi’s journey to Russia is a strategic endeavor within a complex global context.

It is not merely about maintaining existing relations but is an active effort to assert India’s place on the world stage.

This visit is crucial, illustrating India’s commitment to navigating a path of balanced autonomy amid shifting global alliances.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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