While Trump fires off tariffs and “oil ultimatums,” Moscow and New Delhi gear up for a summit that could reset their entire strategic relationship
On November 17, Russian Foreign Minister Sergey Lavrov met in Moscow with his Indian counterpart, Subrahmanyam Jaishankar. Jaishankar arrived in Moscow for the Shanghai Cooperation Organization (SCO) Council of Heads of Government. This marks the final high-level meeting before the upcoming India-Russia summit scheduled for early December in New Delhi.
Russian President Vladimir Putin’s visit to India will be particularly significant as it will be his first trip there since the start of the Ukraine conflict, especially considering US President Donald Trump’s efforts to make India turn away from Russian oil. Despite external pressure which makes this summit extremely challenging, both Moscow and New Delhi are signaling that US interference will not weaken their strategic partnership.
Before the talks with Lavrov on the sidelines of the SCO meeting, Jaishankar had met with Russian Deputy Foreign Minister Andrey Rudenko in New Delhi on November 7. Following that meeting, the Russian Foreign Ministry reported that the two sides “exchanged opinions regarding pressing issues, future directions for multifaceted bilateral cooperation, and the schedule of upcoming high-level meetings.”
The increased diplomatic activity in November is linked to the final preparations for the India-Russia summit. Earlier, President Putin announced that he plans to visit India in early December, and instructed the government to explore ways to enhance trade and economic relations with India, including logistics, payment systems, and trade imbalances.
“We are actively preparing for Putin’s visit to India, which is scheduled for the end of this year. We expect it to be a meaningful visit. Regarding the content of the visit, let’s not get ahead of ourselves. We will announce all the agreements that are planned to be reached in due time,” said Kremlin spokesperson Dmitry Peskov on November 10.
While the Kremlin has yet to officially announce the dates for Putin’s visit, it is anticipated that the 23rd India-Russia summit will take place in early December. This coincides with the planned Russia-India Forum, organized by Roscongress.
“The Russia-India Forum will take place on December 4-5, 2025, in New Delhi, India. High-ranking officials and business leaders from both countries will participate in the forum,” announced Roscongress.
Key topics for discussion at the forum include expanding industrial cooperation, increasing access for Indian machinery and technical goods to the Russian market, and boosting Russia’s purchases of Indian food products. Additionally, the parties will explore opportunities for mutual growth in digital services, increasing Russian imports of Indian pharmaceuticals and labor resources, as well as enhancing tourism collaboration and tourist exchanges.
Last week, Aleksey Gruzdev, the Russian deputy minister of industry and commerce, headed the Russian delegation at the International Partnership Summit in Vishakhapatnam, Andhra Pradesh. In an interview with Russian journalists, he highlighted that the upcoming forum, which coincides with the high-level summit, will focus on exploring new niches, particularly opportunities for increasing imports from India.
Meanwhile, Indian newspaper the Economic Times reports that the summit is expected to produce an agreement on labor mobility, which aims to boost the number of Indian citizens working in Russia in the coming years.
President Putin’s visit to India will mark his first trip there since the start of the Ukraine conflict, giving it significant symbolic weight. It’s worth noting that exactly 25 years ago, in October 2000, President Putin and then-Prime Minister Atal Bihari Vajpayee signed a Declaration on Strategic Partnership, which included a commitment to hold annual meetings of the two countries’ leaders alternately in Russia and India.
However, over the past five years, this long-standing tradition has been disrupted. Putin’s last visit to India occurred in 2021, prior to the start of the Ukraine military operation and the extensive sanctions and efforts aimed at isolating Russia internationally. Growing pressure on Moscow and the West’s attempts to draw New Delhi into an anti-Russian coalition have complicated the Russia-India partnership.
India had hoped that President Putin would visit the country in 2023 during India’s G20 presidency. However, at the summit in New Delhi, Russia was represented by Lavrov.
The situation has further deteriorated following the inauguration of President Trump in January of this year. Trump has taken unprecedented steps regarding Moscow-New Delhi cooperation, saying that he will push for India to stop purchases of Russian oil. And Trump went beyond mere threats.
On August 6, the US president imposed additional 25% tariffs on India due to its acquisition of Russian oil and petroleum products. Then, on October 22, the US Department of the Treasury added Rosneft, Lukoil, and their 34 subsidiaries to a new package of American sanctions.
As a result, major Indian oil refining companies, wary of breaching US sanctions, have been forced to halt new orders and seek alternatives to Russian oil in the spot markets. Additionally, the state-run Oil India Corporation has faced challenges in accessing approximately $300 million in dividends from Russian oil fields, as these funds are blocked in Russian banks due to international sanctions, making their transfer to India impossible.
Oil India, in partnership with Indian Oil Corporation Bharat PetroResources, holds stakes in various Russian projects. According to Indian sources, these companies are exploring legal avenues to resolve the issues and hope that a solution will emerge during the upcoming summit between the two countries’ leaders.
Addressing this conflict at the International Valdai Discussion Club, President Putin noted that India’s losses from sanctions would mirror those incurred from abandoning Russian energy supplies. “If India were to reject our energy commodities, it would incur measurable losses, estimated variously. Some suggest these could amount to $9-10 billion if they comply. Conversely, if they refuse, sanctions in the form of higher tariffs would be imposed also resulting in comparable losses. Why, then, should they comply?”
Meanwhile, Donald Trump has signaled his intention to ramp up pressure. “You know, with India and the oil and India is now pulling out and others are pulling out,” Trump told GB News in an interview on November 15.
On the eve of the meeting between the foreign ministers of Russia and India, Trump announced his willingness to support a US Congressional bill aimed at imposing sanctions on any country doing business with Russia. This initiative includes secondary sanctions targeting Russia’s trade partners, proposing a staggering 500% import tariff on goods entering the US from nations that purchase oil, gas, uranium, and other products from Russia.
This article was first published by Kommersant, and was translated and edited by the RT team.
