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Putin's visit highlights Indian imports of discounted Russian oil in the face of US sanctions

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Putin's visit highlights Indian imports of discounted Russian oil in the face of US sanctions
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News

Putin's visit highlights Indian imports of discounted Russian oil in the face of US sanctions

2025-12-03 20:06 Last Updated At:20:10

NEW DELHI (AP) — Russian President Vladimir Putin will be in India this week for a summit aimed at deepening economic, defense and energy ties, a visit that will also test New Delhi’s efforts to balance relations with Moscow and Washington as the war in Ukraine grinds on.

Putin is scheduled to arrive on the state visit Thursday and hold talks with Indian Prime Minister Narendra Modi on Friday. They are expected to review progress on bilateral ties, discuss issues of mutual interest and sign interdepartmental and business agreements, both governments said.

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FILE - Russian President Vladimir Putin, right, and Indian Prime Minister Narendra Modi examine a hall prior to the award ceremony of Narendra Modi with the Order of St. Andrew the Apostle the First-Called in the Kremlin in Moscow, Russia, on July 9, 2024. (AP Photo/Alexander Zemlianichenko, File)

FILE - Russian President Vladimir Putin, right, and Indian Prime Minister Narendra Modi examine a hall prior to the award ceremony of Narendra Modi with the Order of St. Andrew the Apostle the First-Called in the Kremlin in Moscow, Russia, on July 9, 2024. (AP Photo/Alexander Zemlianichenko, File)

FILE - Indian Prime Minister Narendra Modi, left, and Russian President Vladimir Putin stand in a hall in the Kremlin in Moscow, Russia, on July 9, 2024. (AP Photo/Alexander Zemlianichenko, File)

FILE - Indian Prime Minister Narendra Modi, left, and Russian President Vladimir Putin stand in a hall in the Kremlin in Moscow, Russia, on July 9, 2024. (AP Photo/Alexander Zemlianichenko, File)

FILE - Russian President Vladimir Putin, left, and Indian Prime Minister Narendra Modi greet each other before their meeting in New Delhi, India, on Dec. 6, 2021. (AP Photo/Manish Swarup, File)

FILE - Russian President Vladimir Putin, left, and Indian Prime Minister Narendra Modi greet each other before their meeting in New Delhi, India, on Dec. 6, 2021. (AP Photo/Manish Swarup, File)

FILE - Russian President Vladimir Putin, right, and Indian Prime Minister Narendra Modi, left, look at a model of a Leader nuclear-powered icebreaker as they visit the Zvezda shipyard in the town of Bolshoi Kamen, Russia, on Sept. 4, 2019. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP, File)

FILE - Russian President Vladimir Putin, right, and Indian Prime Minister Narendra Modi, left, look at a model of a Leader nuclear-powered icebreaker as they visit the Zvezda shipyard in the town of Bolshoi Kamen, Russia, on Sept. 4, 2019. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP, File)

FILE - Indian Prime Minister Narendra Modi, right, hugs Russian President Vladimir Putin before their meeting in New Delhi, India, on Oct. 5, 2018. (AP Photo/Manish Swarup, File)

FILE - Indian Prime Minister Narendra Modi, right, hugs Russian President Vladimir Putin before their meeting in New Delhi, India, on Oct. 5, 2018. (AP Photo/Manish Swarup, File)

India has continued to buy discounted Russian oil, despite warnings from Washington that this is partly keeping Moscow’s revenues afloat to fund the Ukraine war. U.S. President Donald Trump has imposed additional 25% tariffs on Indian imports, raising the total duties to 50%, in retaliation.

India has defended its imports as essential for meeting the growing energy needs of its 1.4 billion people.

Putin last visited India in 2021. Modi was in Moscow last year, and the two leaders briefly met in September in China during a Shanghai Cooperation Organization summit.

The India-Russia summit comes as the United States renews its push for a Ukraine peace plan and seeks broader cooperation from key partners.

Putin met U.S. presidential envoy Steve Witkoff and Trump's son-in-law Jared Kushner in the Kremlin Tuesday to discuss the proposals, which critics have described as too heavily tilted toward Moscow. Yuri Ushakov, one of Putin's senior advisers, told journalists after the meeting that talks had been “productive” but said that much work still remained.

Modi has avoided condemning Russia for the fighting in Ukraine while emphasizing the need for a peaceful settlement.

Sreeram Sundar Chaulia, an international affairs expert at the Jindal School of International Affairs near New Delhi, said India has avoided taking on an overt mediating role because it could complicate its ties with both Russia and the U.S.

“But behind-the-scenes diplomacy by Modi is feasible, and has happened already to some extent,” Chaulia said.

Modi could try to nudge Putin “to accommodate some Ukrainian and European concerns to bring about a cessation of hostilities,” he added.

India and Russia will look at bolstering their bilateral relationship and are expected to deliver a package of documents centered around economic cooperation, trade facilitation, maritime, healthcare and media exchanges, according to Indian officials involved in the summit’s preparation. They spoke on condition of anonymity as the details aren’t public.

India is keen to increase exports of pharmaceuticals, agriculture and textiles to Russia and is seeking the removal of non-tariff barriers. New Delhi is also seeking long-term supplies of fertilizers from Moscow.

Another key area where the two countries are working to finalize an agreement is the safe and regulated migration of Indian skilled workers to Russia.

The U.S. has pressed India to halt purchases of discounted Russian oil, accusing New Delhi of helping fund Moscow’s war effort. In August, Trump imposed a 50% tariff on Indian imports to increase pressure over the issue.

India rejected the charge, saying it follows international sanctions and prioritizes its national interest and energy security. But its position could become more complicated after new U.S. sanctions on Russian oil giants Rosneft and Lukoil. Indian officials said the country will avoid buying oil from sanctioned producers, while keeping options open with companies not targeted by the restrictions.

“India will certainly underscore that there is no Indian desire to cut off energy supplies from Russia completely,” said Harsh Pant, vice president of foreign policy at the Observer Research Foundation, a New Delhi-based think tank.

Pant said future imports will depend “on the market forces and how effective sanctions are in weaning away Indian private sector or Indian state-run companies from Russian energy sources."

Energy cooperation is expected to feature prominently at the summit, including India’s investments in Russia’s Far East and expanded civil nuclear collaboration. The Kudankulam nuclear power plant in the Indian state of Tamil Nadu, built with Russian assistance, remains the centerpiece of that partnership, and officials said talks continue on localized equipment manufacturing and potential joint projects in third countries.

India is expected to push Russia for faster delivery of two further S-400 surface-to-air missile systems, after receiving three under a 2018 deal worth about $5.4 billion. The delay has been tied to supply chain disruptions linked to the war in Ukraine.

Indian authorities are also likely to explore the possibility of acquiring additional S-400 units or an upgraded variant, though no contract or announcement is expected.

Indian defense planners say the S-400 proved effective during a brief military standoff with Pakistan in May.

“The meeting will focus on broader elements of institutional cooperation on defense between our two sides and will try to ensure that delivery delays are ended. Potentially, S-400 additional is not ruled out, but don’t expect any announcement during the visit,” India’s Defense Secretary Rajesh Kumar Singh said at a security conference in New Delhi last week.

Talks are also expected on upgrading India’s Russian-made Su-30MKI fighter jets and accelerating deliveries of critical military hardware, as well as improving coordination on joint exercises and disaster relief.

Despite India diversifying its procurement of military hardware over the last few years, Russia continues to be its biggest supplier. Moscow is keen on selling its stealth fighter jet Su-57 to India, but New Delhi has kept its options open to other foreign suppliers as well.

FILE - Russian President Vladimir Putin, right, and Indian Prime Minister Narendra Modi examine a hall prior to the award ceremony of Narendra Modi with the Order of St. Andrew the Apostle the First-Called in the Kremlin in Moscow, Russia, on July 9, 2024. (AP Photo/Alexander Zemlianichenko, File)

FILE - Russian President Vladimir Putin, right, and Indian Prime Minister Narendra Modi examine a hall prior to the award ceremony of Narendra Modi with the Order of St. Andrew the Apostle the First-Called in the Kremlin in Moscow, Russia, on July 9, 2024. (AP Photo/Alexander Zemlianichenko, File)

FILE - Indian Prime Minister Narendra Modi, left, and Russian President Vladimir Putin stand in a hall in the Kremlin in Moscow, Russia, on July 9, 2024. (AP Photo/Alexander Zemlianichenko, File)

FILE - Indian Prime Minister Narendra Modi, left, and Russian President Vladimir Putin stand in a hall in the Kremlin in Moscow, Russia, on July 9, 2024. (AP Photo/Alexander Zemlianichenko, File)

FILE - Russian President Vladimir Putin, left, and Indian Prime Minister Narendra Modi greet each other before their meeting in New Delhi, India, on Dec. 6, 2021. (AP Photo/Manish Swarup, File)

FILE - Russian President Vladimir Putin, left, and Indian Prime Minister Narendra Modi greet each other before their meeting in New Delhi, India, on Dec. 6, 2021. (AP Photo/Manish Swarup, File)

FILE - Russian President Vladimir Putin, right, and Indian Prime Minister Narendra Modi, left, look at a model of a Leader nuclear-powered icebreaker as they visit the Zvezda shipyard in the town of Bolshoi Kamen, Russia, on Sept. 4, 2019. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP, File)

FILE - Russian President Vladimir Putin, right, and Indian Prime Minister Narendra Modi, left, look at a model of a Leader nuclear-powered icebreaker as they visit the Zvezda shipyard in the town of Bolshoi Kamen, Russia, on Sept. 4, 2019. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP, File)

FILE - Indian Prime Minister Narendra Modi, right, hugs Russian President Vladimir Putin before their meeting in New Delhi, India, on Oct. 5, 2018. (AP Photo/Manish Swarup, File)

FILE - Indian Prime Minister Narendra Modi, right, hugs Russian President Vladimir Putin before their meeting in New Delhi, India, on Oct. 5, 2018. (AP Photo/Manish Swarup, File)

LONDON & MADRID--(BUSINESS WIRE)--Sep 15, 2026--

Axo Longevity today announced the close of an oversubscribed $5M seed round to expand its preventive health membership across Europe.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260910642125/en/

The round was backed by MS&AD Ventures, Izou Partners, LifeX Ventures, Everywhere Ventures, UNQ, 51 Ventures, Cistern Capital and NIAN Sports & Entertainment, alongside angel investors including Dr. Jorge Planas of Clinica Planas Barcelona and Daniel Kulle, former President of H&M and former CEO of Forever 21.

Developed to help people understand what is happening inside their body before symptoms appear, Axo Longevity moved from build to live operations in just twelve weeks. The platform is expanding globally, now operating in the United Kingdom, Ireland, Spain, Germany, and the Netherlands, as well as in its first Latin American market, Peru. It is supported by more than 1,400 laboratory locations through certified partners including Randox, Sussex Pathology, Eurofins, MDI Limbach and Multilab. More than 19,000 people have joined the waitlist.

Its core membership, called Axo Longevity Care, costs 490 euros a year and includes two comprehensive blood panels analysing 100+ biomarkers each time, with an Axo Health Score and biological age, and personalised health plans. Membership starts from 190 euros a year. Members book a blood draw at a partner laboratory, receive results measured against optimal ranges rather than population averages, and retest six months later to track what has changed.

"I looked healthy. I trained, I ate well, I had no symptoms. If I had graded my health from one to ten, I would have said nine. In reality I was closer to a six," said Andrew McCarthy, Co-founder and CEO of Axo Longevity. "A full biomarker panel showed cardiovascular risk indicators that would have gone undetected for years. We’re building a service for what happens after the test."

Axo Longevity’s clinical team is led by Chief Medical Officer Dr. Niko Mihic, Medical Supervisor at Real Madrid FC, former Head of NBA Research in Europe and NFL Europe Medical Consultant, who was named by Forbes as one of Spain's 25 most influential healthcare providers. Andy Walshe, PhD, Executive Longevity Advisor, is the former Head of High Performance at Red Bull and currently advises the US, UK and Australian Olympic teams.

"Consumer health companies usually fail on operations, not on science," said Jon Soberg, CEO and Managing Partner of MS&AD Ventures. "Axo Longevity is live in six countries with Europe’s largest working laboratory network and members returning for repeat testing. That kind of infrastructure and engagement is much harder than launching a single market - and that’s exactly the kind of execution we look for."

Axo Longevity’s advisors include Michael Johnson, twelve time Olympic and World Champion; Mario Schlosser, co-founder of Oscar Health; Eric Solomon, former top exec at Google, YouTube, Spotify and Instagram; and Rosa Hamalainen, who helped scale Rupa Health.

"Europe has exceptional clinical infrastructure, but for consumers it is fragmented, and they might only be able to access it when they are sick," explains Sergio Tang, Co-founder and Chief Product and Growth Officer. "We are delivering a single membership experience that works seamlessly and equips people with a data-driven understanding of their health - and a clear action plan of exactly what to do next.

"This funding will allow us to grow our laboratory network, continue to develop our AI health copilot and wearable integrations, and expand our services into the Nordics, Italy and Portugal."

About Axo Longevity

Axo Longevity is a global preventive health membership, now operating in the United Kingdom, Ireland, Spain, Germany, and the Netherlands, as well as in its first Latin American market, Peru. Members receive comprehensive biomarker testing, a personalised health blueprint and ongoing tracking through Axo Longevity’s platform. Founded in 2025 by Andrew McCarthy, Sergio Tang and Octavia Seymour. Learn more at www.axolongevity.com

Imagery of the founders is available for download here.

Axo Longevity preventive health membership

Axo Longevity preventive health membership

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