Putin Reaffirms Uninterrupted Oil Supply Commitment to India Amidst Global Tensions

On Friday, President Vladimir Putin announced that Russia is ready to maintain “uninterrupted” crude oil deliveries to India, despite sanctions and tariffs imposed by the Trump administration, which has accused New Delhi of aiding the financing of the war in Ukraine.

Putin arrived in New Delhi on Thursday for his first visit since initiating the full-scale invasion of Ukraine. He was greeted with a grand reception that featured an honor guard and a 21-gun salute, before dining privately with Prime Minister Narendra Modi.

“Russia is a dependable source of oil, gas, and coal—everything necessary for India’s energy growth,” Putin remarked as the two leaders convened for discussions centered on energy, defense, and trade.

“We are prepared to ensure a steady flow of fuel to support India’s rapidly expanding economy,” the Russian president added.

Modi expressed gratitude to Putin for what he referred to as Russia’s “steadfast dedication to India,” highlighting that energy security is a “crucial and significant foundation” of their partnership.

Since February 2022, India has emerged as one of Russia’s foremost oil clients, purchasing discounted crude oil as European countries significantly cut their imports.

In 2024, Russia accounted for nearly 36% of India’s total crude supply, although New Delhi has recently reduced its purchases in light of U.S. sanctions.

Putin informed Modi about the current situation in the Ukraine conflict and ongoing discussions with “some partners, including the United States,” regarding a potential peace agreement. Modi, for his part, stated that India “has consistently advocated for peace.”

India is striving to balance its reliance on Russian energy while managing the potential backlash from Washington amid ongoing tariff discussions.

Addressing Putin as “my friend,” Modi underscored the enduring nature of their relationship and announced a new economic cooperation initiative extending to 2030 after the two sides signed agreements covering employment, health, shipping, and chemicals.

“This will ensure that our trade and investments are diverse, well-balanced, and sustainable,” Modi stated.

Bilateral trade surged to $68.7 billion in 2024–25, nearly six times the levels seen before the pandemic, though Indian exports amounted to only $4.88 billion. New Delhi is pursuing greater access to the Russian market.

Historically, Russia has been a major arms supplier to India, one of the world’s largest importers of weaponry, but India has diversified its suppliers and enhanced domestic production capabilities.

According to the Stockholm International Peace Research Institute, Russia’s share of India’s import market decreased from 76% between 2009–2013 to 36% from 2019–2023.

Putin is anticipated to depart India following a state banquet later on Friday.