Russia-India Trade Grows Despite US Tensions
India’s Russian crude imports rose from 2.5% to 36%, but hit three-year low this month.
India-Russia trade surged five-fold to $69B in 2024-25, though April-July 2025 trade eased to $28.25B, aiming for $100B by 2030.
Russia seeks to import more Indian goods to rebalance trade and promote S-400 missiles and Su-57 jets.
Reliance will stop exporting Russian crude products despite saving $12.20 per barrel.
1 month ago