IBOV 166,191.45 ▼ 0.82% IPC MEX 71,033.20 ▲ 0.30% MERVAL 2,848,945 — — USD/BRL5.50▲ 0.82% USD/MXN18.72▲ 0.55% 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▲ 0.44% BRENT 99.36 ▲ 1.09% WTI 91.16 ▲ 0.71% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.37% GOLD 4,075 ▼ 0.93% SILVER 51.86 ▼ 0.72% SOY 1,192 ▲ 0.91% CORN 440.50 ▲ 0.11% WHEAT 597.00 ▼ 0.38% 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 ▲ 0.13% 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 5.49 ▲ 0.51% USD/MXN 18.72 ▲ 0.52% USD/CLP 977.69 ▲ 1.16% USD/COP 3,230 ▼ 0.63% USD/PEN 3.44 ▼ 0.02% 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 59.80 ▼ 1.16% 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 ▲ 2.67% USD/TTD 6.64 ▲ 1.14% EUR/BRL 6.17 ▲ 0.44% BRENT 99.36 ▲ 1.09% WTI 91.16 ▲ 0.71% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.37% GOLD 4,075 ▼ 0.93% SILVER 51.86 ▼ 0.72% SOY 1,192 ▲ 0.91% CORN 440.50 ▲ 0.11% WHEAT 597.00 ▼ 0.38% 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 ▲ 0.13% 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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Europe and Russia South Asia & India

Modi’s Diplomatic Balancing: Ukraine Visit Amid Russia Ties

By · August 23, 2024 · 2 min read

Prime Minister Narendra Modi’s recent journey to Ukraine stands as a pivotal event in global politics. It marks a nuanced effort by India to maneuver through the intricate web of international relationships amidst the Russia-Ukraine conflict.

This marks Modi’s inaugural visit to Ukraine since its 1991 independence. It highlights a period where India is delicately preserving its historical connections with Russia while reaching out to Ukraine and Western nations.

India has traditionally adhered to a non-aligned policy, carefully balancing its alliances with both the Eastern and Western blocs.

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Since the onset of the conflict in Ukraine in February 2022, the world has watched to see where India’s allegiances would fall.

Despite heavy reliance on Russia for military equipment—constituting about 60% of its arsenal—and increasing imports of Russian oil amidst Western sanctions, India has tactfully avoided outright condemnation of Russia.

Modi's Diplomatic Balancing Act: An Unprecedented Visit to Ukraine Amidst Friendship With Russia
Modi’s Diplomatic Balancing Act: An Unprecedented Visit to Ukraine Amidst Friendship With Russia.
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The visit to Ukraine is not merely ceremonial. It is a strategic move to affirm India’s commitment to global peace and dialogue.

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Coming off the heels of a visit to Moscow, where Modi faced criticism for his cordial rapport with Russian President Vladimir Putin, his Ukrainian sojourn is seen as an effort to balance India’s foreign relations.

His discussions in Ukraine likely focus on strengthening bilateral ties and exploring economic and defense collaborations. They also include India’s involvement in Ukraine’s post-conflict rebuilding.

Modi’s Diplomatic Balancing Act

The reaction to Modi’s visit has been varied. Welcomed by Ukraine and its allies, it suggests a possible reorientation in India’s position.

Yet it is scrutinized by Russia, a long-time ally. Ukraine’s President Zelenskyy sees Modi’s Moscow visit as a chance to mend relations and boost peace efforts after previously expressing dismay.

India’s strategic goals are clear: maintain vital defense and energy relationships with Russia while fostering new links with Ukraine and the West.

Modi’s travel signals a significant diplomatic endeavor. It reflects India’s aspiration to assert itself as a major player in resolving global conflicts while striving for a balanced and peaceful approach amid global tensions.

Prime Minister Narendra Modi’s diplomatic mission to Ukraine encapsulates India’s intricate geopolitical navigation. It underscores India’s ongoing strategy to engage dynamically on the global stage.

India is fostering dialogue and peace during a time of widespread unrest and division. At the same time, it is balancing its historical ties and strategic interests.

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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