The visit of Russian President Vladimir Putin to India on December 4-5, is an event with many dimensions. It will address the political and economic strength and future of the bilateral, discuss the global scenario, and lay out a path for future cooperation that will continue to define the relationship as 'special and privileged.'

On October 22, 2025, U.S. President Donald Trump imposed sanctions on Russia’s oil giants, Rosneft and Lukoil. The move has clear geopolitical motives—to remove a major supplier from an oversupplied oil market. Indian oil companies, key buyers of Russian crude, now face pressure to cut imports, undermining India’s energy diversification and shaking global oil markets, including the U.S. economy.

The Valdai 2025 conference’s single confirmation was this: Russia believes the post-Western world is already functioning. It is no longer seeking to re-enter Western-led institutions; it is building around them. The polycentric world is like a network, not a hierarchy. No one needs to choose a camp.

The labour movement in the India-Russia corridor is a new element in the bilateral. It is already visible in the Delhi–Moscow flights. The usual students and tourists now share the cabin with welders, salon workers, and builders, many on their first overseas assignment. The trend signals a shift in Russia’s migration geography and opens a corridor linking India’s skill base with Russia’s industrial demand.

Each autumn, Russia convenes its flagship Annual Summit — a gathering of global leaders, business elites and intellectuals. Often compared in scale to Davos or Shangri-La, what sets Valdai apart is President Vladimir Putin’s extended, unscripted dialogue with the audience. Over the years, India has moved to the centre of this dialogue, reflecting its strategic weight and offering rare insight into Moscow’s evolving worldview.

India’s G20 and SCO presidencies have both promise and complexity, for itself and for Moscow. India need not involve itself in crisis settlement, but focus on economic issues, food and energy security, innovation and terrorism. Moscow can help itself by aligning its interests with India’s especially at multilaterals and the global south outreach, and potentially rebuild bridges with the developed north.

India and Russia need to invest more in each other’s energy sectors. This will help both countries to secure their energy markets, while protecting India against high energy prices and enabling Russia to hedge against low energy prices. Such investments also can help both countries bypass sanctions on key military hardware suppliers based in Russia.