Russia has offered to increase crude oil and LNG supplies to India, leveraging the supply disruptions in West Asia. This move is part of broader strategic talks aiming to boost bilateral trade to $100 billion by 2030 and diversify India's energy basket amidst global volatility.
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- ›Bilateral Trade Target: $100 billion by 2030
- ›India's Oil Import from Russia (Jan 2026): $1.98 billion
- ›Target this Data: $100 billion bilateral trade target by 2030
- ›Target this Nodal Body: India-Russia Inter-Governmental Commission (IRIGC-TEC)
- ›Target this Geopolitical Point: Strait of Hormuz handles 20% of global oil and LNG
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