Russia has reaffirmed its intention to deepen economic ties with India, with Kremlin spokesperson Dmitry Peskov saying Moscow is firmly focused on expanding bilateral trade despite what he described as “obstacles” created by third countries. Speaking to reporters in Moscow, Peskov emphasized that the Russia–India partnership remains one of the most stable and strategically important economic relationships for both nations.
Peskov said that attempts by some Western governments to disrupt payment routes, shipping channels, currency settlements, and supply chains have complicated trade operations — particularly in sectors such as energy, fertilizers, machinery, and defense components. However, he insisted that the two countries are finding “effective and reliable mechanisms” to keep commerce moving.
Officials in Moscow point to the continued strength of oil trade as a cornerstone of bilateral ties. India has become one of Russia’s largest buyers of discounted crude since the start of the Ukraine war, significantly boosting trade volumes. Settlements through alternative currencies, including rupees and rubles, have also become increasingly common as both countries seek to avoid U.S.-dollar-dominated channels vulnerable to sanctions pressure.
Peskov noted that Russia values India’s balanced foreign policy, calling New Delhi a “trusted partner” capable of maintaining independent positions despite global geopolitical tensions. He said steps are underway to expand cooperation in pharmaceuticals, nuclear energy, engineering goods, and food products — sectors both governments hope will diversify trade beyond hydrocarbons.
Indian officials have echoed similar views in recent months, stressing that India will continue to pursue economic engagement with all partners in line with national interests. New Delhi has repeatedly said it does not support unilateral sanctions and will work with any country willing to trade transparently and predictably.
Trade analysts believe the Russia-India partnership will remain resilient, though they caution that financial friction, settlement delays, and sanctions-related logistics challenges could slow new projects. Still, both sides appear determined to deepen cooperation, viewing the relationship as strategically important in an increasingly fragmented global economy.