Putin assures India of uninterrupted supply of energy

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Key points

• (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.).
• In his session with Jaishankar, Putin assured India of uninterrupted supply of energy and fertilisers against the backdrop of disruption caused by the West Asia crisis.
• India-US ties are looking up, but the Russia and Iran sanctions bill, FCRA & BRICS will test reset In his opening remarks, Jaishankar flagged the widening trade imbalance.
• Vladimir Putinenergy supplyS Jaishankarfertiliser supplyeconomic cooperationtrade imbalanceBRICS summitWest Asia crisis.
• The Economic Times daily newspaper is available online now.

Nifty24, 219.05-32.96. Motilal Oswal Midcap Fund Direct-Growth. The Economic Times daily newspaper is available online now. Russian president Putin assures India of uninterrupted supply of energy, fertilisers. Russian president Putin assures India of uninterrupted supply of energy, fertilisers. By PTILast Updated: Aug 24, 2026, 10: 49: 00 PM IST.

As External Affairs Minister S Jaishankar met President Vladimir Putin in Moscow, russia has assured India of uninterrupted supplies of energy and fertilisers against the backdrop of disruptions from the West Asia crisis. Jaishankar and Russian authorities additionally discussed expanding economic ties. Bilateral trade has almost quadrupled from $13 billion in FY22 to almost $60 billion in FY26, but the trade imbalance has widened sharply from $6.6 billion to over $50 billion.

As External Affairs Minister S Jaishankar met President Vladimir Putin here and held negotiations with his key interlocutors, moscow, Russia on Monday assured India of uninterrupted supply of energy and fertilisers against the backdrop of disruption caused by the West Asia crisis. Jaishankar, here on a two-day visit, additionally co-chaired with First Deputy Prime Minister Denis Manturov a gathering of the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC). These meetings – which come ahead of Putin's projected visit to New Delhi for the BRICS leaders' summit on September 12-13 – assume significance as India and Russia seek to deepen their economic engagement and expand cooperation in a range of areas.

India-US ties are looking up, but the Russia and Iran sanctions bill, FCRA & BRICS will test reset In his opening remarks, Jaishankar flagged the widening trade imbalance. It had rose from USD 6.6 billion to over USD 50 billion. Live Events.

In his session with Jaishankar, Putin assured India of uninterrupted supply of energy and fertilisers against the backdrop of disruption caused by the West Asia crisis. "We are doing everything we can to fully meet the needs of Indian farmers and the agricultural sector, increasing these supplies and standing ready to continue doing so, " Putin was quoted as saying by the state-run TASS news agency. Jaishankar meets Putin in Moscow, discusses bilateral ties and global developments Jaishankar conveyed Prime Minister Narendra Modi's greetings and a personal communication to the Russian president. "Prime Minister Modi looks forward to meeting you at the SCO summit, then welcoming you in India for the BRICS Summit, and in due course, as per your mutual convenience, having the annual summit, " he remarked. "So, we have, excellency, I think a very strong picture of cooperation." "I think our economic cooperation, trade, energy, fertilisers, nuclear, other dimensions as well – I would be pleased to speak regarding it in detail. Overall, I think our economic cooperation has grown particularly significantly, " Jaishankar said, adding that the IRIGC-TEC meeting held earlier in the day had a "good report" on their economic cooperation. Russian Foreign Minister Sergey Lavrov was among top authorities present in the gathering. In his opening remarks at the 27th IRIGC-TEC session, Jaishankar stated trade between India and Russia has rose four-fold in five years – from around USD 13 billion in 2021-22 to almost USD 60 billion in 2025-26. He, nevertheless, voiced concern over significant widening of the trade imbalance. It had climbed from USD 6.6 billion to over USD 50 billion. "Addressing this imbalance is today one of our foremost priorities, " he remarked. The minister remarked progress on market access, removal of tariff and non-tariff barriers, strengthening payment mechanisms and stronger business-to-business engagement would be critical to addressing the imbalance and achieving the shared objective of USD 100 billion in bilateral trade by 2030. As he called on stronger engagement with businesses, saying governments could create enabling frameworks, but businesses were the ones that "trade, invest, innovate and create jobs", jaishankar additionally proposed greater focus on implementation and outcomes in the functioning of the inter-governmental commission. He additionally called on constantly updating the view of opportunities and exploring new possibilities. "The complicated international scenario will constantly throw up fresh ideas because we are all focused on de-risking and diversifying, " remarked Jaishankar. "Economic demands and technology requirements will add to this mix. A fundamental complementarity still remains underexplored. But even the last few years have seen progress in realising this potential, and we must take that forward." "The India-Russia partnership has consistently demonstrated resilience and adaptability, " he remarked. "Even amidst a complex international landscape, our engagement has continued to deepen, reflecting the mutual interest and confidence that define our bilateral partnership." After he met with Putin, Jaishankar remarked he was pleased to call on the Russian president. "Handed over a personal message from Prime Minister @narendramodi. Briefed him (Putin) on the deliberation held under the 27th IRIGC-TEC, reviewing our cooperation throughout a broad set of domains. Value his guidance in that regard. Additionally discussed regional and global matters of importance, " he noted in a post on X. Putin, in the session, stated trade between Russia and India had rose this year after declining slightly last year. "I am pleased to note that our trade has rose this year. It declined slightly last year, but it is growing this year, " Putin remarked. Putin stressed that Jaishankar's visit underscored the level of relations Russia and India had built over decades and remarked cooperation was underway in virtually all areas, including at the level of the two governments, parliaments and businesses, according to TASS. Add Now!

(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.). Vladimir Putinenergy supplyS Jaishankarfertiliser supplyeconomic cooperationtrade imbalanceBRICS summitWest Asia crisis.

In short, putin assures India of uninterrupted supply of energy is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.