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Russia accounts for around 35 to 40 percent of India's total crude oil imports, receiving up to a third of Russia's seaborne exports. Shipments arrive primarily at Indian terminals located in Jamnagar, Vadinar, and Paradip. The pricing discount for Urals crude against benchmark Brent has narrowed over time from an initial 25 to 30 dollars down to 4 to 7 dollars per barrel.
Answer · From the editor · 28/09/2026
Over 80 percent of bilateral trade transactions are settled in national currencies rather than US dollars. Payments are processed through authorized banking channels using a multi-currency basket that includes UAE dirhams, Chinese yuan, Indian rupees, and Russian rubles. This diversified framework helped resolve earlier rupee accumulation issues caused by Reserve Bank of India capital controls.
Answer · From the editor · 28/09/2026
The International North-South Transport Corridor is a 7,200-kilometer transport network linking Russian cities to Mumbai via the Caspian Sea and Iran. It operates entirely outside Western jurisdiction and bypasses maritime risks associated with the Suez Canal and the Red Sea. The corridor reduces shipping transit times from 40 days down to 15 to 20 days.
Answer · From the editor · 28/09/2026
India utilizes its domestic refineries to process heavy crude oil into finished diesel, gasoline, and aviation fuel. These refined products are legally shipped to international buyers, including customers located in Europe. This trade allows India to maintain strong export revenues while securing affordable energy supplies for its domestic economy.
Answer · From the editor · 28/09/2026
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Written by Vlad Lario
Russian in Lisbon. I read both sides and write down what differs.
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Written by Vlad Lario
Russian in Lisbon. I read both sides and write down what differs.
About the author