India-Russia Ties

Ivan Fetisov, Consul General of the Russian Federation in Mumbai, said on Saturday that his country is open to ties with any nation willing to cooperate with Russia, and that Moscow and New Delhi share a good relationship based on trust and mutual respect. He was speaking to PTI Videos on the sidelines of the International Business Conclave at Advantage Vidarbha 2026 in Nagpur. Asked about India's growing ties with the US, the diplomat said, "We are open to cooperating with any country that wants to cooperate with Russia. If India wants to cooperate with the US, Kazakhstan or Brazil, it depends only on India. "So, I think we have a really good relationship based on trust and mutual respect. That is important nowadays," he said. To a question about India-Russia relations in the current scenario, he referred to the "enthusiasm" when Prime Minister Narendra Modi met Russian President Vladimir Putin in September last year. "I repeat that we have a strong relationship with India. We ha

The total number of work permits given to foreigners rose to more than 240,000 in 2025, the highest since at least 2017, statistics from the Ministry of Internal Affairs show

The step is part of a wider agreement to ease trade tensions, under which India plans to buy about $500 billion worth of US goods, including energy, aircraft and technology, over the next five years

India gets deep discounts on Russian crude and its exports of petroleum products to China have increased

The EU's ban on importing products produced from Russian crude is aimed at curbing oil revenues Moscow uses to fund the Ukraine war

Discounts for ESPO Blend, delivered from the Pacific port of Kozmino to China, widened to nearly $9 a barrel to ICE Brent this week, from $7-$8 in recent months

Officials of Indian refiners evaluating Russian crude alongside other grades from Brazil, Angola and UAE

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