THE CURRENT STATE OF TRADE AND ECONOMIC RELATIONS BETWEEN RUSSIA AND INDIA. RECIPROCAL TRADE BETWEEN RUSSIA AND INDIA UNDER SANCTIONS

Abstract

This paper explores the current developments and specific features of trade and economic relations between the Russian Federation and the Republic of India under the influence of geopolitical pressure and international restrictions. The study analyzes the trends in bilateral trade from 2021 to 2025, focusing on key export and import sectors and the existing trade imbalance. Particular attention is given to energy cooperation, including the supply of Russian oil and petroleum products, as well as India's growing role as a refiner and exporter of oil products to global markets. The article also examines the characteristics of investment cooperation, highlighting joint projects in priority sectors such as energy, mechanical engineering, and pharmaceuticals. The author emphasizes the main factors influencing the development of bilateral economic ties, including the shift to national currency settlements and the need to address the structural imbalance in mutual trade.