Russia’s Energy Pivot: India Replaces China as Key Energy Ally (Manish Vaid – Observer Research Foundation)

Russia’s post-oil survival strategy is undergoing a decisive shift. As Urals crude hovers around US$53 per barrel, well below the fiscal breakeven of US$69.70, Moscow is under immense pressure. While China played a key role in absorbing Russian crude oil in the early years of sanctions, the limitations of that partnership are becoming evident. However, Moscow’s twin-track energy strategy is now encountering friction, especially as China diversifies its energy sources and toughens its bargaining stance on LNG. In this context, New Delhi is emerging both as a major buyer and Russia’s most strategic energy partner.

Russia’s Energy Pivot: India Replaces China as Key Energy Ally