India-Russia Ties

India is free to buy oil from any country, and there is nothing new about its decision to diversify its crude suppliers, the Kremlin said on Wednesday. "We, along with all other international energy experts, are well aware that Russia is not the only supplier of oil and petroleum products to India. India has always purchased these products from other countries. Therefore, we see nothing new here," Kremlin Spokesman Dmitry Peskov said while responding to a question. He was asked about US President Donald Trump's claim that Prime Minister Narendra Modi had agreed to stop buying Russian oil and switch to purchasing crude from the United States and, potentially, from Venezuela. A day earlier, Peskov said that Russia has not received any statements from India regarding the cessation of Russian oil purchases. Private Kommersant FM business radio noted that, unlike President Trump, PM Modi did not mention any agreement on stopping Russian oil imports. Igor Yushkov, a leading expert at th

Indian refiners have been redrawing crude import strategies in recent ​months to shift away from top supplier Russia and boost imports from the Middle East

After India-US trade deal, Kremlin says India has always bought oil from many countries; Moscow sees India's plan to diversify oil supplies as nothing new or surprising

Along with price discounts, India must replace around 1.7 million barrels per day of average Russian crude imports

Kremlin spokesman Dmitry Peskov said Russia is closely examining US President Donald Trump's comments on ties with India and, as of now, has not received any statements from New Delhi

India will continue to look out for the best prices and best margins for its refiners, strategically changing its buying slate while also dropping Russian imports slightly, a Kpler analyst said

Shipping and production data show Russian crude exports since November exceeding available non-sanctioned supply, with Indian and Chinese refiners absorbing most of the excess flows

India and Russia are moving confidently to achieve a target of USD 100 billion in bilateral trade by 2030 and steps are being taken to expand the trade basket, Ambassador Vinay Kumar said on Monday. "The past year has been particularly active. We had a very successful visit of President (Vladimir) Putin. Achieving the bilateral trade target of USD 100 billion by 2030 is eminently possible," Ambassador Kumar said while talking to PTI on India's 77th Republic Day. "Steps are being taken, including identification of new items, and a free trade agreement will facilitate the achievement of this target," he added, noting that trade has increased with new opportunities in fertilisers, agriculture and engineering. According to reports, in FY 202425, India-Russia bilateral trade reached a record high of approximately USD 68.7 billion due to massive import of Russian crude. "More of the trade is being conducted already in the national currencies and this trend will continue as we further dee

US Treasury Secretary said that India's sharp reduction in Russian oil imports shows that tariff pressure has worked, opening the door for a rollback of the additional 25% duty imposed by Trump

India is diversifying its crude slate by stepping up purchases from traditional suppliers such as Iraq and Saudi Arabia

The country imported about 1.3 million barrels a day of Russian crude in December, according to data from ship-tracking firms Vortexa Ltd. and Kpler

Donald Trump has 'approved' a bipartisan sanctions bill that proposes duties of up to 500 per cent on countries buying Russian oil, raising pressure on India, China and Brazil

Reliance Industries said its Jamnagar refinery has not received Russian crude in three weeks and expects no deliveries in January

Donald Trump claimed Prime Minister Narendra Modi knew he was not happy about India's purchase of Russian oil, saying the US could further raise tariffs 'very quickly'

The time-tested partners India and Russia moved towards more balanced, diversified economic ties in 2025, as both sides realised the need to expand bilateral trade beyond defence and energy sectors. During Russian President Vladimir Putin's visit to New Delhi in December, India and Russia unveiled a raft of measures, including a five-year roadmap to build a robust economic partnership and addressed India's concerns over trade deficit. Prime Minister Narendra Modi also conveyed to President Putin that the war in Ukraine must be brought to an end through peaceful means. Prior to his visit to India, when asked about the US threat to impose high tariffs and sanctions on Russia's key partners, Putin stated that the Indian people would not tolerate their country being bullied into making a decision that contradicted their national interests and priorities, as reported by the RT news channel. (India) will never allow itself to be humiliated by anyone. I know Prime Minister Modi, he will a

Overall Russian oil deliveries to India had slowed to as little as 712,000 barrels a day in the second week of December, before rising, according to Kpler

Agreements reached during Russian President Vladimir Putin's recent India visit reaffirmed the alignment of strategic goals and the "steadfastness" of the two countries' "time-tested mutual trust, the Foreign Ministry here said on Friday in its year-end statement. Putin visited India for a two-day state visit earlier this month for the 23rd India-Russia annual summit, during which the two countries unveiled a raft of measures, including a five-year roadmap to build a robust economic partnership. The visit was named one of the key achievements of Russian foreign policy by the ministry in its statement. The agreements reached during the Russian President's December visit to India confirmed the alignment of strategic goals and the steadfastness of the time-tested mutual trust between the two countries," it said. "A comprehensive joint statement was adopted, along with a package of 28 documents, including a programme for developing strategic areas of Russian-Indian economic cooperatio

India slightly cut its reliance on Russian crude in early 2025, while imports from the US surged 83.3 per cent in value to $7.8 billion, reflecting a strategic shift toward alternative crude sources