India and Russia double down on energy partnership—even as US sanctions bite

Business Dec 05, 2025

India and Russia just wrapped up a summit in New Delhi, where PM Modi and President Putin agreed to sort out investor headaches in the oil and gas space.
They're looking to boost teamwork across oil, petrochemicals, LPG, and LNG—even tackling tricky issues like ONGC Videsh's struggle to get its share of oil from Rosneft's Sakhalin-1 project.

Sanctions aren't stopping this energy friendship

US sanctions slapped on Russian energy giants last month have made it tougher for Indian companies to import oil from Russia or bring home profits.
Still, both countries emphasized the importance of continued energy cooperation despite global pressure.
They're also pushing forward with joint projects in refining tech and new innovations—showing they're not letting global pressure slow them down.