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    Home»Featured»Russia confident of continuing energy trade with India: Deputy PM Novak
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    Russia confident of continuing energy trade with India: Deputy PM Novak

    Reporter Mumbai IndiaBy Reporter Mumbai IndiaNo Comments2 Mins Read8,946 Views
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    Alexander Novak
    Alexander Novak
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    Russia has expressed strong confidence that its energy partnership with India will continue without disruption, despite recent claims suggesting otherwise. Deputy Prime Minister Alexander Novak reaffirmed that Moscow’s cooperation with New Delhi in the oil, gas, and coal sectors remains strong, calling India one of Russia’s most trusted and consistent energy partners.

    Novak stated that Russian energy exports continue to meet the needs of its international partners due to their reliability and competitive pricing. He added that the demand for Russian oil and gas remains steady in India, which has emerged as one of the largest importers of Russian crude since the start of the Ukraine conflict. According to him, the trade between the two nations is guided by mutual benefit and economic logic, not political pressure.

    Responding to reports that India might scale back Russian oil imports following U.S. pressure, Novak emphasized that no external influence can dictate the decisions of sovereign nations. He asserted that India, like many other countries, will continue to act in its national interest, ensuring stable energy supplies for its growing economy. Novak also highlighted that the payment mechanisms for energy trade are evolving, with settlements happening in rubles and yuan, minimizing dependency on Western financial systems.

    Since Western nations imposed sanctions on Russian energy exports after the Ukraine invasion, India has capitalized on discounted oil purchases from Russia to maintain its energy security. These purchases have helped India stabilize domestic fuel prices and diversify its energy sources. Both countries are also exploring new avenues for collaboration, including joint investments in oil and gas exploration, LNG imports, and refining infrastructure.

    For Russia, India’s continued engagement offers a vital market for its resources amid international sanctions and shifting trade routes. For India, the partnership reinforces its policy of strategic autonomy—making independent decisions based on national priorities rather than aligning with any global power bloc.

    Deputy PM Novak’s comments underline that the Moscow–New Delhi energy corridor is built on pragmatic cooperation and shared long-term interests. Despite global geopolitical tensions, both countries remain committed to strengthening their partnership, ensuring that their energy trade continues to thrive well into the future.

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