Ukraine's First Deputy Foreign Minister Emine Dzhaparova will pay a four-day visit to India from Sunday, the first official visit from the East European country since the Russian invasion began last year.
In an interview with The Wall Street Journal ahead of his first state visit to the United States, Modi also talked about the Ukraine conflict, saying some people say that India is neutral but it is on the side of peace.
Wang said that the situation in Ukraine has changed rapidly and that China laments the outbreak of the conflict between Ukraine and Russia and is 'extremely concerned' with the harm to civilians, China's state-run Xinhua news agency reported.
India's imports from Russia rose 64 per cent to $36.27 billion during the April-October period this fiscal on higher shipments of crude oil and fertiliser, according to the commerce ministry data. With this, Russia has become India's second-largest import source during the first seven months of this fiscal. The imports were $22.13 billion during April-October 2022.
India's GDP is estimated to grow at 7.4 per cent in the financial year 2022-23 with rising prices triggered by the Russia-Ukraine conflict posing as the biggest challenge to the global economic recovery, Ficci's Economic Outlook Survey released on Sunday said. According to the survey, the Reserve Bank of India (RBI) is likely to start a rate hike cycle in the second half of 2022, while a repo rate hike of 50-75 bps is expected by the end of the current fiscal. The RBI is expected to continue supporting the ongoing economic recovery by keeping the repo rate unchanged in its April policy review, the survey said.
Jaishankar described as a "reasonable supposition" to expect some improvement in the relations between India and China following the last round of disengagement but hesitated to say that there could be a reset of the ties.
India for the first time on Wednesday voted against Russia during a "procedural vote" at the United Nations Security Council on Ukraine, as the 15-member powerful UN body invited Ukrainian President Volodymyr Zelenskyy to address a meeting through a video tele-conference.
Following rising tension between Russia and Ukraine, the sports fraternity has become proactive and many events in Russia have been cancelled, including the Russian Grand Prix.
"India has been deeply concerned over the rapidly deteriorating situation in Ukraine and the ensuing humanitarian crisis," India's Permanent Representative to the UN Ambassador T S Tirumurti said.
Jaishankar said all members would agree that India's approach should be guided by its national beliefs and values, national interest and by its national strategy.
India on Saturday pulled off a big diplomatic win after the G20 summit adopted a consensus declaration overcoming major differences on the Russia-Ukraine war, as Prime Minister Narendra Modi called for ending "global trust deficit".
A day ahead of a crucial G20 meeting, External Affairs Minister S Jaishankar on Wednesday evening hosted a welcome dinner for the foreign ministers attending the deliberations but the reception was missed by his counterparts from the US, China, Germany and France.
Global head of equity strategy at Jefferies, Christopher Wood, has cut his exposure to Indian equities by one percentage point in the Asia-Pacific ex-Japan relative-return portfolio, and Australia and Malaysia by half a percentage point each in favour of China, which has seen a hike in exposure by two percentage points. The rally in China has been fast-forwarded by the approach of a seven-day holiday with the CSI 300 Index up 8.5 per cent on Monday, and 25.1 per cent in five trading days, he said.
The 193-member UN General Assembly adopted the draft resolution 'Humanitarian consequences of the aggression against Ukraine' by Ukraine and its western allies, with 140 nations voting in favour, five against and 38 abstentions. India abstained on the resolution.
"Prime Minister Modi has a powerful, influential voice on the world stage. We know the Russian leadership respects India's voice and position on the world stage. I think Prime Minister Modi's intervention is very, very welcome. And we really hope that Vladimir Putin listens to those voices who are calling for peace and for de-escalation. So we very much welcome Prime Minister Modi's intervention," Cleverly told PTI in an interview.
'Today, I wish to announce that I have decided to proceed with opening an investigation into the situation in Ukraine, as rapidly as possible... I have reviewed the Office's conclusions arising from the preliminary examination of the situation in Ukraine, and have confirmed that there is a reasonable basis to proceed with opening an investigation,' the ICC statement read.
'As long as we have such partners, Russia cannot be isolated.'
Thousands of lives have been lost, large areas in Ukraine have been destroyed, but Vladimir Putin refuses to end a cruel and senseless war.
India has abstained on a draft resolution tabled in the United Nations Security Council which condemned Russia's 'illegal referenda' and annexation of four Ukrainian territories and called for an immediate cessation of violence while underlining the need to find pathways for a return to the negotiating table.
India's imports from Russia rose by about 67 per cent to $30.42 billion during the April-September period this fiscal on higher shipments of crude oil and fertiliser, according to the commerce ministry data. With this, Russia has become India's second-largest import source during the first half of this fiscal. The imports were $18.24 billion during April-September 2022.
The Jordanian-drafted resolution did not make any mention of the militant group Hamas, with the US expressing outrage at the "omission".
The move points to a potential escalation of fighting in Ukraine, The Wall Street Journal said citing experts.
The G20's Bali Declaration Wednesday acknowledged differences among members on the Russia-Ukraine war but said it was essential to adhere to international law, including protection of civilians caught in conflicts.
Ukraine President Volodymyr Zelenskyy on Tuesday received a standing ovation after he addressed the European Parliament as the Russian military operation entered its sixth day.
Prime Minister Narendra Modi and US President Joe Biden will have a substantive engagement on the sidelines of the Quad summit on Saturday, and the two sides will sign at least two agreements following the talks.
Reserve Bank will have to constantly re-assess the "dynamic and fast changing situation" and tailor its actions accordingly, Governor Shaktikanta Das said during the recent meeting of the Monetary Policy Committee (MPC) which decided to maintain status quo on key interest rate. According to the minutes of the six-member MPC meet released by Reserve Bank of India (RBI) on Friday, the five other members had also expressed a similar opinion amid the ongoing Russia-Ukraine conflict's impact on the global and domestic economies. MPC, which held its meeting from April 6-8, unanimously decided to keep the borrowing costs unchanged at a record low for the 11th time in a row in a bid to continue supporting economic growth despite inflation edging higher in the aftermath of Russia-Ukraine conflict.
Ukraine and pro-Russian rebels gave conflicting accounts of shelling across the front in the Donbass separatist region.
President Zelenskyy's telephonic conversation with Prime Minister Modi came hours after India abstained on a UN Security Council resolution by the United States that 'deplores in the strongest terms' Russia's 'aggression' against Ukraine.
Ukraine and Russia need to engage with each other to find a solution to the ongoing conflict between them, India said on Friday after Prime Minister Narendra Modi held wide-ranging talks with President Volodymyr Zelenskyy in Kyiv under the shadow of the raging war.
India should watch the emergence of the situation and then see how others react, he said adding that Russia has stood by India in very difficult times.
India is primarily focusing on evacuating its nationals from conflict zones in eastern Ukraine including Kharkiv and Sumy, and that the total number of Indians still stuck in the battle-scarred nation is roughly in the range of 2,000 to 3,000.
The residential building in the town of Chasiv Yar was hit on Saturday evening as Russia ramped up its assault on cities and towns in eastern Ukraine in an attempt to take control over the entire Donbas area.
An India-Japan joint statement said the two leaders expressed serious concern over the conflict and the unfolding humanitarian crisis in Ukraine.
Despite winning control of Lysychansk after savage battles on Monday, July 4, 2022, which gives Russia effective control of eastern Ukraine, Vladimir Putin has not announced a ceasefire and ordered Russian soldiers to continue fighting.
Kremlin spokesman Dmitry Peskov briefly admitted that Russia had suffered a 'significant' loss of its troops in Ukraine, calling the casualties 'a huge tragedy' for the country in an interview with Sky News.
New Delhi
The phone conversation came days after it emerged that Modi will not be travelling to Russia for the annual India-Russia summit this year.
India as the G20 host has a 'unique role' to play in bringing about an end to the war in Ukraine due to its 'longstanding historical' ties to Russia, the United States has said, expressing hope to work closely with New Delhi to find a way to stop the conflict.
It is learnt that Lavrov is expected to travel to India either on Thursday or Friday after concluding a two-day visit to China.
Speaking at a press conference in New Delhi, Polikha said, "We're suffering a lot of civilian casualties. According to official information of our ministry, already 16 children were killed from bombings, shellings and so on as a result of Russian peace-fighting operation."
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