US EditionPutin Pledges Uninterrupted Oil Flows To India, Questions US Policy As Both Nations Set $100 Billion Trade Goal
Russia aims to grow trade with India to $100 billion by 2030 while India balances fuel imports amid US tariffs and sanctions, with state refiners securing discounted Russian oil.
- On Thursday, Russian President Vladimir Putin offered India `uninterrupted fuel supplies` during a two-day state visit to New Delhi ending today.
- Russia has set a $100 billion trade target by 2030, saying discussions pushed wider economic integration including use of national currencies and an early preferential trade pact with the Eurasian Economic Union after the first negotiation round last week.
- In 2024, Russia supplied nearly 36 per cent of India's crude imports, around 1.8 million barrels per day, while bilateral trade reached US$68.7 billion in 2024-25 and Indian exports were only US$4.88 billion.
- India appeared cautious and its foreign secretary said energy firms base decisions on evolving market dynamics; Indian Oil Corp and Bharat Petroleum Corp placed January loading orders amid widening discounts as energy imports fall this month.
- They signed deals and Prime Minister Narendra Modi said, `We have agreed on an economic cooperation program until 2030`, focusing on defence R&D and local production.
18 Articles
18 Articles
Putin Pledges Uninterrupted Oil Flows To India, Questions US Policy As Both Nations Set $100 Billion Trade Goal
Russian President Vladimir Putin has pledged continued energy shipments to India during Friday's annual India-Russia summit with Prime Minister Narendra Modi in Delhi.
Putin Promises Uninterrupted Fuel, Modi Plays Cautious Amid Expanding Indo-Russian Ties
Putin Promises Uninterrupted Fuel, Modi Plays Cautious Amid Expanding Indo-Russian Ties In a move echoing the decades-long partnership between Russia and India, President Vladimir Putin pledged uninterrupted fuel supplies to India during his state visit, marking his first trip to New Delhi since Russia's 2022 invasion of Ukraine. The two leaders also discussed expanding trade and defense ties.Despite Putin's offer, India responded with caution, …
Malay Mail
Putin offers India ‘uninterrupted’ oil in summit talks with Modi
NEW DELHI, Dec 5 — Russian President Vladimir Putin said today he was ready to continue “uninterrupted shipments” of fuel to India, as New Delhi faces heavy US pressure to stop buying oil from Moscow.US President Donald Trump imposed punishing 50 per cent tariffs on most Indian products in August, citing New Delhi’s continued purchases of Russian oil — revenue Washington argues helps fund the war in Ukraine.Prime Minister Narendra Modi, who is h…
Putin Promises India ‘Uninterrupted’ Oil and Joint Weapons Production
Russian President Vladimir Putin promised an “uninterrupted” supply of cheap oil to India after meeting with Prime Minister Narendra Modi on Friday, defying President Donald Trump’s effort to use tariff pressure to get India to stop funding Putin’s war machine in Ukraine. The post Putin Promises India ‘Uninterrupted’ Oil and Joint Weapons Production appeared first on Breitbart.
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