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India to Ukraine: Dialogue is the way out

India to Ukraine: Dialogue is the way out

UKRAINE’S foreign minister Dmytro Kuleba on Friday (25) spoke to his Indian counterpart S Jaishankar to discuss the situation in Ukraine, ahead of a vote at the UN Security Council on the Russian attack.

Jaishankar said he emphasised that India supports diplomacy and dialogue as the "way out".

"Received call from Ukrainian FM @DmytroKuleba. He shared his assessment of the current situation. I emphasised that India supports diplomacy & dialogue as the way out," Jaishankar said on Twitter.

"Discussed predicament of Indian nationals, including students. Appreciate his support for their safe return," he added.

The UN Security Council is scheduled to vote on Friday (25) evening on a draft resolution on Russia's military operation in Ukraine as well as the escalating situation in the eastern European country.

The draft resolution will “condemn in the strongest terms” Russia's military operation in Ukraine.

To a question about India's position on the draft UN Security Council resolution on the Ukraine crisis, foreign secretary Harsh Vardhan Shringla said on Thursday (24) that India “has seen it” and that New Delhi's stand will depend on the final shape of the text.

"I am told that that would undergo considerable changes. We will wait to see the shape that the resolution takes before we can pronounce ourselves and the position that we will take on the issue," he said.

India’s prime minister Narendra Modi held a telephone conversation with Russia’s president Vladimir Putin on Thursday (24) while Jaishankar also held a phone conversation with his Russian counterpart Sergey Lavrov and stressed that dialogue and diplomacy were the best way forward.

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Lakshmi Mittal

Mittal's exit comes as Rachel Reeves prepares a fresh tax raising budget aimed at balancing the government's finances

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Lakshmi Mittal quits Britain for Switzerland and Dubai over inheritance tax concerns

Highlights

  • Lakshmi Mittal, worth over £15 bn, has moved his tax residence from UK to Switzerland with plans to spend most time in Dubai.
  • Inheritance tax concerns, not income tax, drove the decision of the "King of Steel" to leave after 30 years in Britain.
  • The departure marks another high-profile exit as chancellor Rachel Reeves prepares major tax rises in the coming Budget.
Lakshmi Mittal, one of Britain's wealthiest men, has ended his three-decade association with the UK, relocating his tax residence to Switzerland and planning to base himself in Dubai. The 74-year-old steel magnate, worth approximately £15.5 bn according to the Asian Rich List 2025, is the latest prominent entrepreneur to leave Britain amid Labour's tax reforms targeting the super-rich.

The Indian-born billionaire built his fortune through ArcelorMittal, the world's second-largest steelmaker, in which he and his family hold nearly 40 per cent ownership. Since arriving in London in 1995, Mittal became a prominent figure in British business, acquiring expensive properties including a £57 m mansion on Kensington Palace Gardens known as the "Taj Mittal."

An adviser familiar with Mittal's family plans told The Sunday Times that, inheritance tax was the decisive factor in the decision. "It wasn't the tax on income or capital gains that was the issue, the issue was inheritance tax."

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