India Expands Energy Trade with Russia Amid West Asia Conflict

India is increasing its energy trade with Russia, particularly in crude oil and liquefied natural gas (LNG), as the ongoing conflict in West Asia disrupts its energy imports. Russian First Deputy Prime Minister Denis Manturov announced that Russian companies are prepared to boost oil and LNG supplies to India. This comes as Indian refiners have secured 60 million barrels of Russian crude for April, marking a significant renewal of purchases since the 2022 Ukraine war. The closure of the Strait of Hormuz has severely impacted India's LNG imports, leading to a shift back to Russian crude, which is now being bought at a premium. The discussions between India and Russia also covered cooperation in various sectors, including industrial and space collaboration. The geopolitical landscape is shifting as India seeks to balance its energy needs against sanctions and pressures from the US and China. The current status indicates a strengthening of ties between India and Russia in the energy sector.

Key Points: • India is securing 60 million barrels of Russian crude oil for April 2026. • The closure of the Strait of Hormuz has impacted 47% of India's LNG imports. • India is resuming LNG imports from Russia for the first time since the Ukraine war.