economy
March 25, 2026
Russia to bolster oil supply to India amid Middle East energy crisis
Russia remains a reliable energy partner for New Delhi despite US tariffs. Expert Ivan Timofeev discusses boosting oil purchases, ahead of PM Modi’s visit.
TL;DR
- Russia should step in to meet India's oil demand during this opportune time.
- Energy cooperation is the backbone of current trade between Russia and India.
- US and Western countries are trying to prevent collaboration in the energy field.
- Trump administration imposed 25% tariffs on New Delhi for buying Russian oil in August 2025.
- The Middle East crisis and war against Iran risk a deficit in the energy and crude oil markets.
- Russia is a reliable partner that fulfills its commitments on stable supplies.
- Washington's sanctions on Moscow are in place, and temporary exemptions are due to US pragmatic interests to avoid uncontrolled oil price growth.
- The potential visit of Indian Prime Minister Narendra Modi to Russia will be used to promote the bilateral agenda.
- The economy will remain a major foundation of the dialogue between Russia and India.
- Russia and India aim to boost annual trade from $68 billion to $100 billion by 2030.
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