Opportunities and Risks of Russia-India Trade

Moscow hopes to resist sanctions and maintain relations with one of the fastest growing countries in the region.

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Russia is trying to shift its trade routes from Europe to Asia, specifically with India, which is a strategic partner in industries such as military technology and energy. Despite the low shares of mutual trade in the past, Moscow hopes to resist Western sanctions and maintain relations with one of the fastest growing countries in the region.

In 2022, Russian trade with India increased 2.4 times, and both countries expect further growth in trade with the transition to national currencies and the creation of logistics chains through Iran. However, there may be challenges such as a higher oil price, potential sanctions from the U.S. or EU, and India’s cautious approach due to Moscow’s relations with China and Pakistan.

Geopolitical Futures (GPF) was founded in 2015 by George Friedman, international strategist and author of The Storm Before the Calm and The Next 100 Years. GPF is non-ideological, analyzes the world and forecasts the future using geopolitics: political, economic, military and geographic dimensions at the foundation of a nation.