PM Modi Speaks of Strong Energy Ties and Co-Operation with Russia
During bilateral discussions with Russian President Vladimir Putin, Prime Minister Narendra Modi emphasized the strength of India's relationship with Russia, despite the United States imposing a further 25 percent tariff on Indian imports of Russian oil.
Modi and Putin gather at a moment when their partnership faces international examination. US President Donald Trump has openly criticized India for purchasing oil from Russia, charging New Delhi with financing the conflict in Ukraine. Last week, the Trump administration imposed 50 percent tariffs on Indian products bound for the US — the highest rate in Asia — as a sanction for those energy acquisitions.
While meeting with Russian President Vladimir Putin in Tianjin, China, Prime Minister Narendra Modi states, "India and Russia have consistently stood side by side, even during the toughest times. Our strong collaboration is crucial not just for the citizens of both nations but also for worldwide peace, stability, and prosperity. This defines our profound, 'unique and esteemed strategic partnership.”
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The president of Russia also expressed support for the Special and Privileged Strategic Partnership with India. "Dear friend, 21 December will signify 15 years since we established our Special and Privileged Strategic Partnership."
"I can confidently state that our relationship is founded on principles and features multifaceted cooperation," remarked Russian President Vladimir Putin in his initial comments at the bilateral meeting with Prime Minister Narendra Modi.
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India has emerged as the largest purchaser of Russian oil shipments that were affected by Western sanctions following Moscow's invasion of Ukraine in 2022. This has enabled Indian refiners to take advantage of less expensive crude. Currently, India obtains 36 percent of its oil requirements from Russia. Out of the 5.4 million barrels per day (mbpd) of imports, 36 percent (1.8 mbpd) of crude oil was sourced from its leading supplier, Russia, in 2024-25.