Indian Prime Minister Narendra Modi urged Russian President Vladimir Putin to end the Ukraine war and halt hostilities during talks on the sidelines of the Shanghai Cooperation Organization summit in Bishkek, Kyrgyzstan. Modi emphasized support for peace efforts as Russia’s Defense Ministry announced plans for massive strikes on Ukraine’s energy infrastructure, following a deadly attack on an ammunition warehouse that killed at least 38 people. The appeal comes as the Graham bill, proposing tariffs of up to 100% on countries purchasing Russian oil, heads to the U.S. House, increasing pressure on Russia’s energy exports and complicating India’s crude supplies.
This update represents a notable development in the Board sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.