Russia and India

Russia emerges as one of India's biggest trading partners

Russia emerges as one of India's biggest trading partners

Trade turnover between Russia and India jumped sharply in 2023, reaching a record $65 billion, according to data from India's statistics service. India's imports of Russian products increased 1.8 times to $60.1 …

What oil market anticipating in 2024?

What oil market anticipating in 2024?

Russian Deputy Prime Minister Alexander Novak expects the Brent oil price at $80-$85 per barrel next year, broadly in line with current levels.. He told Rossiya-24 state TV that Russia expects that the export of oil and petroleum …

India-Russia trade turnover nears $55 bln for first time

India-Russia trade turnover nears $55 bln for first time

Trade between India and Russia has surpassed the $50-billion mark for the first time. Trade between India and Russia doubled in the first 10 months of 2023 and exceeded a record $54.7 bln, according to Indian customs data. …

Putin to attend G-20 virtual summit on Wednesday

Putin to attend G-20 virtual summit on Wednesday

Russian President Vladimir Putin is expected to take part in the virtual G-20 summit organised by India on Wednesday, the Rossiya 1 TV channel reported. Earlier, the Indian foreign ministry announced that …

Russia to supply 87 mln tons of oil in 2023 to West

Russia to supply 87 mln tons of oil in 2023 to West

The West will receive 87 million tons of Russian oil this year, Russia's Deputy Prime Minister Alexander Novak said. "Only 87 million tonnes or 40% will be left of the 223 million tonnes of oil and oil …

Russia emerges as 2nd largest goods supplier to India

Russia emerges as 2nd largest goods supplier to India

Imports from the Russian Federation saw a 4.7-fold increase compared to the same period last year, making it the largest quarterly figure in history. India imported Russian goods to the tune of $15.5 billion, making Russia …

Russian exports to India reach record high

Russian exports to India reach record high

Russia delivered a record $41.6 billion worth of goods to India during the incomplete 2022-2023 fiscal year, becoming India's fifth largest trading partner, according to the Indian Ministry of Commerce and Industry. Thus, …

No bombs found aboard Azur Air plane - report

No bombs found aboard Azur Air plane - report

No suspicious objects were discovered on board a Russian Azur Air airplane that made an emergency landing in Jamnagar on Monday. Sources told the NDTV channel that the plane could leave for Goa after 10:30 a.m. (08:00 Moscow time). …

Putin and Modi plan to meet in 2023

Putin and Modi plan to meet in 2023

The meeting between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi will be held in 2023. This was announced by the Indian Ambassador to Russia Pavan Kapoor. He stressed that the leaders of the two countries …

Russia becomes largest oil supplier for India in October

Russia becomes largest oil supplier for India in October

Russia has become India's top oil supplier, edging past the traditionally dominant suppliers Saudi Arabia and Iraq, according to the energy cargo tracker Vortexa. Russia supplied 946,000 barrels per day …

Putin sends condolences to India's President over bridge collapse

Putin sends condolences to India's President over bridge collapse

Russian President Vladimir Putin has expressed condolences to Indian President Droupadi Murmu and Prime Minister Narendra Modi in connection with the tragic consequences of the bridge collapse in the state of Gujarat, the Kremlin said on …

Russia becomes India’s 2nd-largest crude supplier

Russia becomes India’s 2nd-largest crude supplier

India’s September imports of Russian oil rose 18.5% from August after falling for two months, making it the country’s second-largest crude supplier after Saudi Arabia, according to energy cargo tracker Vortexa. The import of …

India may recognize Russia's Mir payment system

India may recognize Russia's Mir payment system

India may soon start accepting Russia’s Mir payment cards, the Indian Deccan Herald said on Sunday evening. According to the newspaper, Moscow and New Delhi continue to discuss the option of bilateral financial relations, which …

First Russian train with India-bound cargo arrives in Iran

First Russian train with India-bound cargo arrives in Iran

The first Russian India-bound cargo train has reached the territory of Iran via the North-South transit railway, the IRNA news agency reported, citing Minister of Roads and Urban Development Rostam Ghasemi. According to the …

Russia becomes second largest supplier of oil to India

Russia becomes second largest supplier of oil to India

Russia became the second largest supplier of oil to India in May, Reuters writes, citing its own sources. "Russia became the second largest supplier of oil to India in May, displacing Saudi Arabia to third place, but still behind …

India in talks to increase Russian oil imports

India in talks to increase Russian oil imports

India is looking to double down on its Russian oil imports with state-owned refiners eager to take more heavily-discounted supplies from Rosneft PJSC, Bloomberg reported. State processors are collectively working on finalizing and …

India wants Russia to discount its oil - report

India wants Russia to discount its oil - report

India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter. India is seeking Russian cargoes at less …