After a five-year hiatus, the Indian Prime Minister, Narendra Modi, visited Russia twice in 2024, reaffirming that both countries see their relationship as important. President Vladimir Putin’s imminent visit to New Delhi,
Russia also accounts for about 65% of India’s arms imports over the past 20-odd years. Besides, they argued, India needs to nurture the relationship to offset warming ties between Russia and China, India’s chief rival.
India, Russia and US sanctions
The jump in India’s imports from the US could arise from increased output under new President Donald Trump but the actual increase hinges on a host of factors.
The Kremlin dismisses US President Donald Trump's remarks on the Ukraine conflict, expressing openness to constructive dialogue despite proposed sanct
India on Thursday became the fourth country to successfully achieve an unmanned docking in space, a feat seen as pivotal for future missions as New Delhi cements its place as a global space power.
The two satellites of the Indian Space Research Organization 's (ISRO) Space Docking Experiment, or SpaDex, successfully met up in Earth orbit yesterday (Jan. 15), making India just the fourth country to pull off an in-space docking. The other three are all heavy hitters in the space game: the United States, Russia and China.
The latest sanctions package would certainly have an impact on India’s oil imports, given Russia is currently the biggest crude oil source market for India. How it would really pan out would be contingent upon various variables.
OPEC's share in India's crude oil imports edged up in 2024, rising for the first time in nine years, while top supplier Russia's share remained steady, data obtained from trade sources showed.
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.India is considering a $450 million deal to sell Russian-backed supersonic cruise missiles to Indonesia as the Southeast Asian country looks to bolster defenses,
Following Russia's invasion of Ukraine in 2022, India became a major buyer of Russian crude oil that was widely sanctioned by the West. That may be about to change.
Since the Ukraine war, India has become the second largest buyer of Russian crude oil, owing to the hefty discount Russia offered to bypass sanctions. Prior to the war, India secured most of its oil from the Middle East, with Russia not even featuring among India’s top 20 partners.