Russian President Vladimir Putin is expected to visit India later this month to strengthen bilateral energy and trade ties marking one of the most significant diplomatic engagements between the two nations since the Ukraine conflict began in 2022.
The visit comes at a crucial time when global energy markets remain volatile due to geopolitical uncertainty and fluctuating crude prices. India, the world’s third-largest oil importer, has emerged as a key buyer of discounted Russian crude, which has helped it keep domestic fuel inflation in check and stabilize its current account deficit.
According to officials, discussions are likely to focus on long-term oil supply contracts, rupee-based trade settlement, and potential joint ventures in refining and petrochemicals. The two leaders may also explore expanding cooperation in defense technology and nuclear energy, aligning with India’s strategic goal of diversifying its energy basket while maintaining diplomatic autonomy.
Analysts suggest this visit underscores a deepening “energy diplomacy” where trade and geopolitics are increasingly intertwined. For India, balancing its relations between the West and Moscow remains a delicate act, but one that secures vital economic interests.
Quick Takeaway: As global power blocs reshape, India’s pragmatic approach to energy partnerships with Russia could redefine its position in the evolving world order.