New Delhi, Nov. 3 -- The calculus between the United States, Russia, and China is undergoing a fundamental transformation, reflected in recent summits, transactional arrangements, and a shifting global power equation. These developments highlight the emergence of pragmatic, albeit fragile, partnerships that will define future security, economic, and diplomatic orders.

Strategic Summits and Broken Dialogues

Recent months have seen intense diplomacy between President Donald Trump and his Russian and Chinese counterparts. The expected Trump-Putin summit in Budapest was cancelled, a direct result of Moscow's refusal to make concessions on Ukraine, particularly concerning the contested territories and the use of frozen Russian assets as repa...