Economy

Trump’s Iran war pushes India to rekindle old friendship with Russia

Asia / India0 views1 min
Trump’s Iran war pushes India to rekindle old friendship with Russia

India is rekindling its old friendship with Russia due to the US-Iran war, with plans to resume purchases of Russian LNG and increase crude oil sales. The move comes after India slashed its purchases of Russian crude oil in January to ease US tariffs on its exports, but now seeks to deepen energy cooperation with Russia.

India is deepening its energy cooperation with Russia. Delhi and Moscow have agreed to prepare for Russia to resume direct sales of liquefied natural gas. The verbal agreement was reached during a meeting between Russian Deputy Energy Minister Pavel Sorokin and Indian Petroleum and Gas Minister Hardeep Singh Puri. India may also increase crude oil sales from Russia, which could double from January's levels. India has approached Washington about a possible sanctions waiver. The move comes amid skyrocketing energy prices triggered by the US-Iran war.

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