Despite mounting American pressure, India seems determined to keep its strategic partnership with Russia intact. Washington has slapped Indian exports with nearly 50% tariff penalties, calling it a “punishment” for buying crude oil from Moscow amid the Ukraine war. Yet, New Delhi has made it clear—Russian oil imports will not stop.
At the recent SCO summit in China, the private meeting between Prime Minister Narendra Modi and President Vladimir Putin drew attention worldwide. Observers believe it signaled that the India-Russia bond remains unshaken—even as U.S. President Donald Trump warns of economic consequences.
Oil Discounts Growing
Reports suggest India may soon get Russian crude at even lower prices—$3 to $4 less per barrel. The discounts, which began after the 2022 sanctions on Moscow, have steadily grown. In July, Indian refiners received about $1 per barrel off; by August, the discount rose to $2.5. Analysts say September and October could bring even greater savings.
India has used this opportunity to secure its energy needs. Russian crude, which once made up less than 1% of Indian imports, now accounts for over 35%, making Moscow one of India’s top energy suppliers. Critics in Washington argue that India profits by refining and reselling Russian oil, indirectly helping Moscow fund its war in Ukraine.
Military Partnership Expanding
It’s not just oil. Defense ties between the two nations are also deepening. According to a Reuters report, Dmitry Shugayev, head of Russia’s Federal Service for Military-Technical Cooperation, confirmed that talks are underway for additional units of the S-400 Triumf air defense system. Two more units could be delivered to India in 2026–27, bolstering New Delhi’s long-range defense capabilities.
Strategic Balancing
For India, the calculation is simple: energy security and military readiness outweigh Western pressure. With growing discounts on oil and the prospect of more advanced Russian weapon systems, New Delhi’s enduring friendship with Moscow continues to bring tangible benefits—despite the geopolitical storm brewing around it.
