Russia offers more oil and gas to India in New Delhi bilateral talks

Russia's First Deputy Prime Minister Denis Manturov met Indian leaders including Prime Minister Narendra Modi in New Delhi, offering increased supplies of oil, natural gas, and fertilizers amid regional tensions. The two sides discussed boosting cooperation in trade, energy, and fertilizers. Russian companies have the capacity to steadily increase oil and LNG supplies to the Indian market, the Russian embassy said.

In New Delhi on Thursday, Russia's First Deputy Prime Minister Denis Manturov met Prime Minister Narendra Modi, External Affairs Minister S Jaishankar, National Security Adviser Ajit Doval, and Finance Minister Nirmala Sitharaman.

Modi said on social media that he and Manturov discussed "mutually beneficial cooperation in trade, fertilisers, connectivity and people-to-people ties". He lauded efforts to implement outcomes from the India-Russia Summit during President Vladimir Putin's visit to New Delhi in December 2025. Jaishankar said the two sides focused on bilateral cooperation in trade, industry, energy, fertilisers, connectivity and mobility, while exploring opportunities in technology, innovation and critical minerals.

The Russian embassy stated that Russian companies "have the capacity to steadily increase supplies of oil and liquefied natural gas to the Indian market". Supplies of mineral fertilisers to India increased by 40% by the end of 2025, with a joint carbamide production project under development.

India faces disruptions in energy and fertiliser supplies due to the closure of the Strait of Hormuz from the West Asia conflict triggered by Israel and US strikes on Iran. Russia has become India's largest energy supplier following a US sanctions waiver. Manturov highlighted nuclear energy cooperation, with Kudankulam nuclear power plant reactors on schedule. India recently approved acquiring five more S-400 air defence systems from Russia.

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Putin and Modi shaking hands after signing 19 key agreements in New Delhi, symbolizing Russia-India partnership.
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Putin wraps up India visit with 19 key agreements

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Russian President Vladimir Putin completed his first two-day visit to India since the Ukraine war began. The trip resulted in 19 agreements covering energy, trade, nuclear, and defense sectors. It underscores the strengthening partnership amid US pressure.

External Affairs Minister S Jaishankar and Foreign Secretary Vikram Misri met Russian Deputy Foreign Minister Andrey Rudenko in New Delhi on Monday. The two sides discussed expanding their strategic partnership amid the West Asia crisis. The meeting gains significance as India faces energy supply shortages.

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Russian President Vladimir Putin arrived in New Delhi on December 4, 2025, for a two-day state visit, his first since Russia's invasion of Ukraine in 2022. The 23rd India-Russia Annual Summit will focus on defence cooperation, oil imports, and trade amid pressures from Western sanctions and tariffs. Prime Minister Narendra Modi will host Putin for a private dinner, followed by formal talks.

As Middle East tensions disrupt gas supplies to India, causing LPG shortages and price hikes, the government's Natural Gas Regulation Order, 2026, prioritizes allocations for essential sectors like fertilizers at 70% of average consumption. This has sparked a surge in fertilizer stocks, with gains up to 17%.

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US President Donald Trump stated on Monday that a trade deal with India is very close, potentially leading to lower tariffs on Indian goods. The remarks came during the swearing-in of Sergio Gor as US Ambassador to India. Trump cited India's reduced Russian oil imports as a reason for the tariff relief.

Following earlier government assurances on LPG supplies amid West Asia conflict fears, Union Finance Minister Nirmala Sitharaman reiterated steady availability during a Rajya Sabha discussion on supplementary grants. She detailed ramped-up domestic production and imports through the Strait of Hormuz, as opposition MPs raised shortage impacts on temples and livelihoods.

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Around 50 government officials, researchers, and others from Japan and India gathered in New Delhi for a meeting to discuss promoting economic security cooperation between the two countries. Participants confirmed the importance of establishing supply chains spanning both nations for strategic materials like semiconductors and rare earth minerals. Both countries face the shared challenge of diversifying supply chains amid China's export restrictions on rare earths and the protectionist high-tariff policies of U.S. President Donald Trump's administration.

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