Putin assures Russia's commitment to provide 'continuous' fuel supply to India

Russian President Vladimir Putin stated that Moscow is prepared to ensure continuous fuel deliveries to India, as the country faces mounting pressure from the United States over its purchases of Russian oil. Speaking alongside Indian Prime Minister Narendra Modi in Delhi, Putin questioned why India should face sanctions for buying oil when the US itself continues to import nuclear fuel from Russia.

The visit comes amid US efforts to negotiate a peace resolution between Russia and Ukraine. In an interview, Putin emphasized Russias push for a "peaceful solution" but warned that Ukrainian forces would need to withdraw from Donbas, or Russia would take control by force. Modi reiterated Indias position of supporting peace and a lasting resolution to the conflict.

Strengthening bilateral ties was a key focus during the meetings. Modi emphasized improving connectivity with Russia as a "major priority." Over recent months, India-US relations have strained due to unresolved trade disputes, including US tariffs imposed on Indian goods as a response to continued Russian oil imports, a measure India described as unfair.

Putin criticized the US sanctions, highlighting that India should have the same access to Russian fuel as the US, which continues to buy nuclear reactor fuel from Russia. Russia remained the US primary nuclear fuel supplier last year, according to Department of Energy data.

The leaders signed memorandums covering trade, agriculture, and other areas. Modi announced new visa schemes for Russian tourists and the opening of additional Indian consulates in Russia. Plans were also revealed to launch a Russian state-funded TV network in India.

While no major defense deals were concluded, agreements were signed on shipbuilding, civil nuclear energy, and critical minerals. Both nations agreed on an economic program extending to 2030, encompassing jobs, shipping, and healthcare sectors. Putin expressed confidence that bilateral trade could grow from $60 billion to $100 billion in the coming years. Modi noted the importance of energy security in India-Russia relations without specifying oil.

India, the world's third-largest oil consumer, has increased Russian oil imports since Russias invasion of Ukraine, though some firms have reduced purchases to comply with US sanctions. Putin highlighted a flagship project for constructing Indias largest nuclear power plant with Russian support.

In a joint statement, the leaders said their partnership would focus on research and development and the production of advanced defense platforms. They also stressed collaboration within the BRICS coalition to promote a "more just" and "multi-polar" global order. BRICS includes India, Russia, China, Brazil, and South Africa and aims to challenge Western political and economic dominance.

Author: Lucas Grant