Shubhangi Sharma explains on Finepoint aboutIndian Prime Minister Narendra Modi is set to visit Russia for the annual India-Russia summit in July, marking his first bilateral visit since his re-election. This visit takes place amidst significant global shifts, including the prolonged Ukraine conflict and the Israel-Gaza war straining US finances, prompting a subtle push for peace. Modi’s visit to Moscow, his first since 2019, underscores India’s strategic autonomy in foreign policy. Key topics on the agenda include addressing the trade imbalance, with India seeking to increase its exports to Russia and exploring ways for Russia to utilize the rupee from oil payments. Defence cooperation will also be pivotal, particularly the logistics pact allowing naval support and enhancing strategic ties. Modi is expected to reiterate calls for peace in Ukraine, maintaining India’s stance on diplomacy. For Putin, this summit is crucial for re-establishing his presence on the world stage amid Western isolation. The visit reaffirms the strong India-Russia ties, crucial for India’s counterbalance against China and vital for Russia’s strategic positioning. This summit is poised to have significant geopolitical implications, reinforcing India’s role as a key player in global diplomacy and Russia’s efforts to regain international leverage.