Post-Call Energy Discussions in Moscow
Russian President Vladimir Putin held consultations with Deputy Prime Minister Alexander Novak, who oversees the energy sector, on Wednesday, September 17, 2025. The meeting took place immediately after a phone call between President Putin and Indian Prime Minister Narendra Modi. During a government meeting, Putin announced his conversation with Modi and subsequently asked Novak to remain for a private discussion on energy affairs.
The consultation with Novak is significant given his pivotal role in Russia's energy strategy, including managing relations within OPEC+ and navigating international sanctions. Novak has served as Deputy Prime Minister since November 2020, having previously been the Minister of Energy from 2012 to 2020.
Putin-Modi Dialogue Addresses Bilateral and Global Issues
The telephone conversation between President Putin and Prime Minister Modi on Wednesday, September 17, 2025, focused on strengthening bilateral ties and addressing the situation surrounding Ukraine. Prime Minister Modi 'reiterated India's full support for the peaceful resolution of the Ukraine conflict.' The leaders also discussed preparations for President Putin's upcoming visit to India in December.
This call occurred a day after Prime Minister Modi had spoken with US President Donald Trump. President Trump had reportedly thanked Modi for his efforts towards a resolution in Ukraine.
Russia-India Energy Dynamics Amidst Global Pressures
The energy discussions between Russian leadership and the subsequent call with India highlight the complex and strategic nature of the Russia-India energy relationship. India's procurement of Russian oil in September 2025 faced complications, including 50% US tariffs, demands for discounts from Indian refiners, and adjustments to the EU's price cap mechanism. The United States had doubled tariffs on imports from India in August as a response to New Delhi's continued purchases of Russian oil.
Despite these pressures, India has maintained its stance, continuing to purchase Russian oil. Prior to the conflict in Ukraine, Russia supplied approximately 1% of India's crude oil imports; by 2024, this figure surged to between 30-40%, establishing Russia as India's largest oil supplier. This shift is attributed to the reorientation of global energy markets, allowing India to secure oil at discounted rates. Both nations have expressed interest in expanding joint energy projects, including in Russia's Far East and on the Arctic shelf. Approximately 90% of bilateral transactions are conducted in rubles and rupees, further insulating trade from dollar volatility.
5 Comments
Katchuka
So much for 'peaceful resolution' while supporting the aggressor.
BuggaBoom
Modi's call for peaceful resolution is positive, but continuing to buy Russian oil undermines the leverage needed to pressure Russia effectively. India is prioritizing its energy needs over broader international solidarity.
Katchuka
While India benefits from cheaper Russian oil, this move complicates its relationship with Western allies. It's a delicate balancing act with significant geopolitical implications.
BuggaBoom
Russia's energy strategy with India demonstrates resilience against Western pressure, securing a vital market. However, this partnership also deepens Russia's reliance on a single major buyer, which could present long-term vulnerabilities.
Mariposa
India is funding a war, plain and simple. Disappointing.