Putin Strengthens Energy Ties with India Amid Sanctions, Emphasizing Uninterrupted Oil Supplies

President Vladimir Putin stated on Friday that Russia is fully prepared to maintain «uninterrupted» oil exports to India, undeterred by sanctions and tariff challenges imposed by the Trump administration, which has accused New Delhi of aiding the financing of the war against Ukraine.

Putin arrived in New Delhi on Thursday for his first visit since launching the full-scale invasion of Ukraine. He was welcomed with a red-carpet ceremony, which included an honor guard and a 21-gun salute, before attending a private dinner with Prime Minister Narendra Modi.

«Russia stands as a dependable supplier of oil, gas, and coal—essentials needed for the advancement of India’s energy sector,» Putin remarked on Friday during their summit, which centered on energy, defense, and commerce.

«We are committed to ensuring uninterrupted fuel supplies for the rapidly growing Indian economy,» he continued.

Modi expressed his gratitude to Putin for what he referred to as Russia’s “steadfast commitment to India,” highlighting that energy security is a crucial and significant aspect of their relationship.

Since February 2022, India has emerged as one of Russia’s most vital oil purchasers, taking advantage of discounted crude as European imports plummeted.

In 2024, Russia accounted for nearly 36% of India’s overall crude supplies, although New Delhi has recently reduced its purchases in response to U.S. sanctions pressure.

Putin indicated that he had updated Modi on the situation regarding the Ukraine conflict and ongoing discussions with “some partners, including the United States,” about a potential peace resolution. Modi, for his part, reiterated India’s longstanding advocacy for peace.

India is striving to balance its dependence on Russian energy while managing the potential backlash from Washington amidst tariff discussions.

Referring to Putin as “my friend,” Modi highlighted the durability of their partnership and introduced a new economic cooperation initiative set to last through 2030, following the signing of agreements covering employment, healthcare, shipping, and chemicals.

“This initiative will ensure our trade and investment are diversified, balanced, and sustainable,” Modi stated.

Bilateral trade reached $68.7 billion during 2024-25, nearly six times higher than pre-pandemic levels, although Indian exports only amounted to $4.88 billion. New Delhi aims to gain broader access to the Russian market.

Historically, Russia has been a major arms supplier to India, one of the globe’s largest arms importers, but India has been diversifying its sources and boosting domestic production.

According to the Stockholm International Peace Research Institute, Russia’s share of India’s imports dropped from 76% during 2009-2013 to 36% over 2019-2023.

Putin is anticipated to depart from India following a state banquet later on Friday.