In an exclusive interview with India Today, Russian President Vladimir Putin addresses the state of trade relations between Russia and India. When asked about a potential reduction in Russian oil intake by India due to Western pressure, Putin acknowledged a slight dip in commerce. He stated, ‘Well, there is a certain decline in overall trade turnover during the first nine months of this year. This is just a minor adjustment.’ However, he emphasised the strength and reliability of the partnership, noting that the trade in petroleum products and crude oil is ‘running smoothly in India.’ Expressing confidence in the bilateral relationship, President Putin shared the sentiment of Russian companies, affirming, ‘They believe their Indian counterparts are reliable and very serious people.’ The discussion highlights the concept of strategic autonomy in India’s foreign policy and its impact on energy trade with Russia.
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