This special report covers the diplomatic developments following Donald Trump’s claim that Indian Prime Minister Narendra Modi assured him India would stop buying Russian oil. India has strongly rejected this assertion, a stance echoed by its key trading partner, Russia, with Russian Ambassador to India, Denis Alipov, highlighting the robust energy partnership. The Russian ambassador stated, ‘As long as there is demand, there is supply… making Russia the largest contributor to Indian energy security’. The discussion emphasizes India’s unwavering commitment to its energy security, the diversification of its oil sources based on competitive pricing, and the strategic importance of its relationship with Russia. It also touches upon alternative trade mechanisms being developed, such as the International North-South Transport Corridor (INSTC) and the Vladivostok-Chennai Corridor, to secure and enhance economic partnerships.
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