India Russia

India's Russian oil imports likely to dip again, stranding cargoes at sea

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

India slips to third among Russian fossil fuel buyers amid sanctions

India's Russian fossil fuel imports fell sharply in December, pushing it to third place as Reliance and state refiners cut crude purchases amid sanctions and price caps

India imported €144 billion worth of Russian oil since Ukraine war: CREA

India imported about 144 billion euros' worth of crude oil from Russia since the start of the Ukraine war, a European think tank said on Tuesday, estimating the Kremlin's cumulative earnings from global oil sales since February 2022 at around 1 trillion euros. India has been the second-largest buyer of Russian oil behind China, according to the Centre for Research on Energy and Clean Air (CREA). China bought Euro 210.3 billion worth of Russian oil since the start of the Ukraine war in February 2022, and another Euro 42.7 billion worth of coal and Euro 40.6 billion worth of gas. China's total buy from the beginning of the war until January 3, 2026, was Euro 293.7 billion. India, on the other hand, bought Euro 162.5 billion worth of fossil fuels - Euro 143.88 billion worth of oil and Euro 18.18 billion worth of coal - from Russia, CREA said. The European Union spent Euro 218.1 billion on buying Russian fossil fuels - Euro 106.3 billion in oil, Euro 3.5 billion on coal and Euro 108.2

US President Trump warns India of even higher tariffs over Russia oil

Trump warns of higher tariffs on Indian imports if New Delhi continues buying Russian oil, sharpening trade tensions amid stalled India-US deal talks

India asks refiners for weekly Russian oil import data to share with US

India seeks weekly data on Russian and US oil buys as crude imports from Moscow may fall below 1 million bpd amid sensitive trade talks with Washington

India, Russia move towards more balanced, diversified economic ties in 2025

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

Import of Russian oil hits 3-year low in Dec amid tighter Western sanctions

India's Russian crude imports fell sharply in December as refiners grew cautious amid tighter US and EU sanctions, even as discounts widened and supplies stayed available

India's Russian oil imports fall in December, but demand stays structural

India's imports of Russian crude oil are set to register a sharp pullback in December, but the decline reflects short-term disruptions rather than a structural shift in sourcing patterns. According to real-time data analytics company Kpler, Russian crude imports into India are expected to fall to around 1.2 million barrels per day (bpd) in December, down from 1.84 million bpd in November, marking the lowest level since December 2022. Indian refiners continue to buy Russian crude from non-sanctioned entities. The drop, flagged by analysts as early as October, has been driven by disruptions resulting from US action on top Russian exporters, Rosneft and Lukoil, as well as due to the impact of EU sanctions on Russian-linked product flows. "India's appetite for Russian crude cooled sharply in December, with imports falling to their lowest levels since 2022 as major refiners cut intake following sanctions on Rosneft and Lukoil. This appears to be a near-term adjustment, with Russian crud

Russia's spirits exports to India jump nearly fourfold in 10 months

The exports of Russian spirits to India have nearly quadrupled in the first 10 months of the year compared to the same period last year, making India an attractive emerging market for Russian exporters, according to a media report. Citing data from the Federal Centre for Agricultural Export Development of the Russian Ministry of Agriculture (Agroexport), leading financial and trade daily Vedomosti said India is emerging as an attractive market for Russian exporters of Vodka and other hard alcoholic beverages. In the first 10 months of 2025, Russian spirits producers shipped approximately 520 tonnes of spirits, including vodka, gin, whiskey, and liqueurs, worth USD 900,000 to India, this is three times higher in weight and four times higher in monetary terms than the same period last year, it said. Agroexport claims that vodka was the main driver of exports. In monetary terms, its shipments over the 10 months amounted to approximately USD 760,000. Although India ranked only 14th amo

Tankers with Russian oil shunned by India pile up off China coast

At least five vessels carrying about 3.4 million barrels were idling in the Yellow Sea as of Wednesday, double the volume of last week and the highest level for the grade in that region

India's Russian oil imports strong, to exceed 1 mn barrels per day in Dec

Ties between the two countries have remained strong despite pressure from Western sanctions after Russian President Vladimir Putin met with Prime Minister Narendra Modi

300 products hold huge potential for Indian exporters in Russia: Official

As many as 300 products, including that of engineering goods, pharma, agri, and chemicals, hold huge potential for Indian exporters to push their shipments to Russia as the two countries target USD 100 billion trade by 2030, an official said. At present, India's exports of these goods to Russia stood at USD 1.7 billion, as against Russia's USD 37.4 billion in imports. "This stark disparity demonstrates the substantial complementary export space India can target," the official said, adding increasing exports will also help India bridge its trade deficit with Russia, which stood at USD 59 billion. These high-potential products have been selected by the commerce ministry by analysing complementary basket of products -- mapping India's supply visa-a-vis Russia's demand across key sectors, the official added. The most promising areas mirror India's rising global strengths are engineering goods, pharmaceuticals, chemicals and agriculture, all of which correspond to substantial unmet dema

Datanomics: Better Russia ties likely to push shipbuilding sector

India's shipbuilding ambitions gain traction as Russia eyes joint polar-vessel production and HD Hyundai plans a Tamil Nadu shipyard, even as private yards outpace public ones

Top Indian arms makers hold meetings in Russia on potential joint ventures

The meetings took place during the first visit of India's defence business leaders to Russia since Moscow's 2022 invasion of Ukraine

New sellers, old oil: How Russian crude still flows to India via West Asia

Emergence of new sellers reflects the importance of the $60 bn Indo-Russian trade to oil producers and refiners of both nations

Russia to address India's concerns on non-tariff barriers across sectors

During Putin's visit, both nations agreed to remove non-tariff barriers in pharma and agriculture to boost Indian exports and balance the trade deficit

India free to buy oil from sources it deems beneficial, says Russia

Kremlin affirms India's freedom to choose energy suppliers after Putin visit; US and Ukraine negotiate potential peace deal that could lift oil sanctions

Exim Matters: India-Russia targets are big, but businesses are cautious

While bilateral targets are ambitious, exporters wary of payment, logistics risks; deeper ties with West still drive business pragmatism

Putin's red-carpet visit: Strong optics but uncertain strategic gains

It is also an open question whether any of India's immediate objectives were met, although there was an abundance of promise mostly built on Mr Modi's visit to Moscow last year

Patanjali Ayurved signs MoU with Russian govt to promote health & wellness

One of the primary objectives of the MoU is to expand Patanjali's wellness services in Russia