Global trade

Russian President Vladimir Putin has begun a two-day visit to India, where he is scheduled to meet with Prime Minister Narendra Modi and participate in the annual bilateral summit between the two nations. During the trip, India and Russia are expected to finalize several agreements. The visit follows increased pressure from the United States on India to cut down on its purchases of Russian oil. It also coincides with efforts by the U.S. administration, led by President Donald Trump, to mediate

Last week, China's Ministry of Commerce issued "Notice No. 62 of 2025". Unlike ordinary administrative updates, this one has disrupted the delicate trade truce between China and the United States. The announcement outlined broad new restrictions on rare earth exports, strengthening China’s hold over the global supply of these key materials—reigniting concerns in Washington about China’s strategic economic position. China dominates the rare earth processing industry, which is