No matter how turbulent global politics becomes in the coming decades, New Delhi is convinced that Moscow will remain a reliable and valuable partner
President Vladimir Putin’s current visit to India is his first since the start of the Special Military Operation in 2022. This gives it a certain symbolic weight: over the past three years, Russia–India relations have not only withstood the impact of Western sanctions and political pressure but ...
... sanctions against Russia. The UK, like the EU, imposed blocking sanctions against Chinese companies cooperating with Russia. Among them are China’s National Pipeline Group Beihai Liquefied Natural Gas (cooperating in the LNG sector), the aforementioned Indian Nayara Energy, and China’s Shandong Baogang International Port, Shandong Yulong Petrochemical (also blocked by the EU), Shandong Haixin Port, and Shandong Jingang Port (for accepting vessels carrying Russian oil). The United States, for its part, imposed so-called ...
... have significant investments in Siberia and Sakhalin, so the Arctic is also a promising option. However, India is weighing all its options carefully. India has also realized the criticality of long-term contracts and the need to negotiate to achieve India's energy security needs.
How is Russia-India cooperation on the NSR project progressing? What exactly are the most promising areas for bilateral cooperation?
India and Russia's trade significantly expanded in 2023, hitting a new record of approximately ...
... the state of affairs in major Russian-Indian spheres of practical cooperation to identify successful cases of engagement to build upon as well as its limitations. The authors conclude with a set of recommendations for practitioners to bolster trade, energy and STI cooperation between Moscow and New Delhi.
Russia — India Relations in Broader Geopolitical Context
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... many years, Russian-Indian trade failed to match the in-depth specially privileged strategic partnership and political ties between the two nations1. Today, trade is growing at an outstripping pace as Russia rapidly increases its deliveries of Russian energy sources, fertilizers, iron, steel, timber products, plant and animal oils to India.
Given the increase in Russian exports, Moscow and New Delhi now face the task of reducing India’s growing trade deficit, by searching for new trade and by rebalancing the economy in a way that aligns with both countries’ interests. India faces ...
On September 30, 2022 the Russian International Affairs Council (RIAC) together with the Moscow Chamber of Commerce and Industry held a roundtable Russia – India Energy Cooperation under New Geopolitical Conditions. The event was closed from the public
On September 30, 2022 the Russian International Affairs Council (RIAC) together with the Moscow Chamber of Commerce and Industry held a roundtable Russia – ...
... Distinguished Fellow, Observer Research Foundation, took part in the discussion. Ksenia Kuzmina, RIAC Program Manager, chaired the meeting.
The participants discussed general trends in the development of the global energy market and the markets of Russia and India. Special attention was paid to energy trading in national currencies, as well as to the possibility of creating alternative benchmarks in oil trade with India. Experts evaluated the impact of environmental protection requirements on the energy market and the prospects for transition ...
... energy demand as a percentage of global energy demand is expected to rise to 11 per cent in 2040 from 5.58 per cent in 2017. This complimentary by far provides the most potential for growth of economic cooperation between India and Russia.
In nuclear energy, India’s cooperation with Russia contributes to India’s energy security [
20
]. The Kudankulam Nuclear Power Plant (KKNPP) Units 1 and 2 are operational while Units 3 and 4’ are under construction. The agreement for Units 5 and 6 is been concluded ...
... oil-and-gas assets, which non-governmental organizations had insisted upon, apparently in the belief that the potential profit from holding on to these investments would exceeds the potential risks.
RIAC and Gateway House Policy Brief “Russia – India Energy Cooperation: Trade, Joint Projects, and New Areas”
Leading asset management and insurance companies, including
Allianz
of Germany and
Aegon
of the Netherlands, are similarly not investing in businesses with any significant profits coming from ...
... help make it an ‘Asian benchmark’. To be truly representative, this benchmark must be a blend of crudes from Russia and West Asia, corresponding to the import basket of buying countries, such as India, China, Republic of Korea and Japan.
Russia – India Energy Cooperation: Trade, Joint Projects, and New Areas
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