India’s economy benefits from Russia: What does Moscow gain?

During his recent visit to Moscow, Indian Prime Minister Narendra Modi emphasized the importance of peace in global affairs during talks with Russian President Vladimir Putin. However, Modi notably refrained from outright condemning Russia’s actions in Ukraine, opting instead to focus on the benefits India has reaped from its strategic partnership with Moscow.

One of the key areas of cooperation between India and Russia highlighted by Modi is the economic sphere. Despite facing criticism from Western countries for their continued imports of Russian oil amidst international sanctions on Moscow, India has seen tangible benefits from its trade relationship with Russia.

As Modi embraced Putin multiple times during his visit, the strong diplomatic ties between the two countries were on full display. Experts like Michael Kugelman from the South Asia Institute at the Wilson Center have noted the significance of India’s close relationship with Russia, particularly in light of the ongoing conflict in Ukraine and the geopolitical implications for both countries.

While India’s stance on the war in Ukraine may be cautious, the economic advantages of its partnership with Russia cannot be ignored. As both countries continue to navigate the complexities of international relations, the question remains: what’s in it for Moscow as India continues to deepen its economic ties with Russia?