Iran war pushes India to rekindle old friendship with Russia
India is rekindling its old friendship with Russia amid the ongoing US-Israeli conflict with Iran, with discussions to resume LNG trade and increase crude oil sales. The move comes as India faces potential supply disruptions and skyrocketing energy prices, and could risk violating Western sanctions.
India and Russia are discussing a potential LNG deal, which could be concluded in weeks. The two countries agreed to prepare for Russia to resume direct sales of liquefied natural gas for the first time since the start of the Ukraine war. India has also approached Washington about a possible sanctions waiver. The country has been a major buyer of Russian crude, purchasing nearly $44 billion last year. India's energy importers have been told to get ready to resume purchases of Russian LNG. The move is seen as a strategic partnership between India and Russia, with India seeking to secure energy supplies amid the ongoing conflict.
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