Archive · 5 Dec 2025
India and Russia Strengthen Energy Ties
India and Russia had a big meeting to talk about how to work together better.
They want to increase trade to $100 billion by 2030.
They also discussed energy projects, like a nuclear power plant in India called Kudankulam, which Russia is helping to build.
India has some money stuck in Russia because of rules called sanctions, but they found a way to use that money to keep their share in an oil project.
They also talked about making it easier to do business between the two countries and building better connections for trade.
India and Russia aim to boost bilateral trade to $100 billion by 2030.
Russia committed to expanding the Kudankulam Nuclear Power Plant in India.
ONGC Videsh will use stuck dividends to pay into the Sakhalin-1 abandonment fund in roubles.
Both countries agreed to resolve investor concerns in oil and gas projects.
They discussed enhancing connectivity through projects like the INSTC and Chennai-Vladivostok Corridor.
- Who
- Prime Minister Narendra Modi and President Vladimir Putin
- What
- Strengthening energy cooperation and trade ties
- When
- During Putin's visit to India in December 2025
- Where
- New Delhi, India
- Why
- To enhance bilateral trade, energy security, and strategic partnerships
- Event
- India-Russia Business Forum
- Participants
- PM Narendra Modi, President Vladimir Putin
- Trade Goal
- USD 100 billion by 2030
- Kudankulam Units
- 6 (2 operational, 4 under construction)
- Nuclear Capacity Goal
- 100 GW by 2047
- ONGC Stake
- 20% in Sakhalin-1
- Sanctions Impact
- Stuck dividends, payment in roubles
- Connectivity Projects
- INSTC, Chennai-Vladivostok Corridor
Sources
India's ONGC moves closer to keeping 20% stake in Russia's Sakhalin-1 project, sources say
At India-Russia Business Forum, Modi highlights opportunities, Putin commits to reducing trade deficit
Kudankulam Takes Centre Stage During Putin Visit As Russia Adds Fuel To India’s Nuclear Future
