In Focus by The Hindu

How U.S. oil sanctions are testing India-Russia ties

Nov 16, 2025
Vasabjit Banerjee, an Assistant Professor of Political Science specializing in India-Russia relations, dives into the complexities of U.S. sanctions against Russia and how they impact India. He discusses India's increasing reliance on discounted Russian oil amidst mounting Western pressure and the historical ties that underpin this relationship. Banerjee highlights the contrasting U.S. strategies under Biden and Trump, the implications for global energy stability, and India's unique leverage in this geopolitical chess game. The conversation raises critical questions about the sustainability of India’s balancing act in a shifting international landscape.
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INSIGHT

Deep Historical India–Russia Economic Links

  • Russia has been a long-term partner for India's development in power, nuclear, fertilizers and defense dating back decades.
  • The energy relationship predated 2022 but surged opportunistically after the war as India sought cheap crude to save the exchequer.
INSIGHT

Defense Trade Evolved, Not Ended

  • India's defence imports from Russia declined as New Delhi pushed self-reliant manufacturing under Atmanirbhar policies.
  • Yet India still sources critical technologies from Russia that few others can supply, preserving key strategic links.
INSIGHT

Oil Buying Was Opportunistic, Not Just Loyalty

  • The 2022 surge in Russian oil purchases by India was largely opportunistic, driven by steep discounts after sanctions.
  • Cheap Russian crude helped India reduce import costs and even re-export refined products to Europe under the price cap.
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