Putin orders government to soften trade imbalance with India
Moscow (PTI): Russian President Vladimir Putin expressed his anticipation for his upcoming visit to India in early December and has ordered the government to devise measures to soften the trade imbalance with India due to the heavy import of crude by New Delhi.
Speaking at the international Valdai discussion forum of security and geopolitical experts from 140 countries, including India, in the Black Sea resort of Sochi in South Russia on Thursday evening, Putin underlined that Russia and India have never had any problems or tensions between them and always took actions by keeping in view their sensitivities.
"We have never had any problems or interstate tensions with India. Never," the Russian leader noted.
Putin highlighted the "special" nature of Russia-India relations since the days of the Soviet Union, when India was fighting for its independence. "In India, they remember this, they know it, and they value it. We appreciate that India has not forgotten it," he declared.
He referred to Prime Minister Narendra Modi as his friend, noting that he feels comfortable in their trustworthy interactions.
Putin lauded India's nationalist government led by Modi, calling him a "balanced, wise", and "nationally oriented" leader.
He remarked, "Everyone in India knows this well," particularly regarding India's decision to ignore US pressure to halt oil imports from Russia.
"The losses faced by India due to punitive US tariffs would be balanced by crude imports from Russia, plus it will gain prestige as a sovereign nation," Putin said.
He said that to remove the trade imbalance, Russia may buy more agricultural products and medicines from India. "More agricultural products may be purchased from India. Certain steps can be undertaken from our side for medicinal products, pharmaceuticals," Putin stated.
He noted the vast potential for economic cooperation between Russia and India but acknowledged the need to resolve specific issues to fully unlock these opportunities.
"We need to solve the whole range of tasks to unlock our opportunities and potential advantages," Putin said, identifying financing, logistics and payment bottlenecks as key concerns.
Putin also recalled that the declaration of a special strategic privileged partnership between Russia and India will soon celebrate its 15th anniversary, declaring, "That's what it really is."
He noted that, in their political relations, Russia and India almost always coordinate their actions.
"We always hear and take into account the positions of our countries on various key issues. Our foreign ministries work very closely together," Putin said.
Additionally, he welcomed the idea of a joint fund to develop AI and other cutting-edge technology proposed by Dr Arvind Gupta, Director General of New Delhi-based Vivekananda International Foundation (VIF), who was attending the Sochi forum.
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Former South Korean President Yoon receives life sentence for imposing martial law
Seoul (AP): Former President Yoon Suk Yeol was sentenced to life in prison for his brief imposition of martial law in December 2024.
Judge Jee Kui-youn said he found Yoon guilty of rebellion for mobilizing military and police forces in an illegal attempt to seize the liberal-led National Assembly, arrest politicians and establish unchecked power for a “considerable” time.
Yoon is likely to appeal the verdict.
A special prosecutor had demanded the death penalty for Yoon, saying his actions posed a threat to the country's democracy and deserved the most serious punishment available, but most analysts expect a life sentence since the poorly-planned power grab did not result in casualties.
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South Korea has not executed a death row inmate since 1997, in what is widely seen as a de facto moratorium on capital punishment amid calls for its abolition.
As Yoon arrived in court, hundreds of police officers watched closely as Yoon supporters rallied outside a judicial complex, their cries rising as the prison bus transporting him drove past. Yoon's critics gathered nearby, demanding the death penalty.
The court also convicted and sentenced several former military and police officials involved in enforcing Yoon's martial law decree, including ex-Defense Minister Kim Yong Hyun, who received a 30-year jail term for his central role in planning the measure and mobilizing the military.
Yoon, a staunch conservative, has defended his martial law decree as necessary to stop liberals, whom he described as “anti-state” forces, from obstructing his agenda with their legislative majority.
The decree lasted about six hours before being lifted after a quorum of lawmakers managed to break through a military blockade and unanimously voted to lift the measure.
Yoon was suspended from office on December 14, 2024, after being impeached by lawmakers and was formally removed by the Constitutional Court in April 2025. He has been under arrest since last July while facing multiple criminal trials, with the rebellion charge carrying the most severe punishment.
Last month, Yoon was sentenced to five years in prison for resisting arrest, fabricating the martial law proclamation and sidestepping a legally mandated full Cabinet meeting before declaring the measure.
The Seoul Central Court has also convicted two of Yoon's Cabinet members in other cases. That includes Prime Minister Han Duck-soo, who received a 23-year prison sentence for attempting to legitimize the decree by forcing it through a Cabinet Council meeting, falsifying records and lying under oath. Han has appealed the verdict.
