During Energy Day at the Russia exhibition, Deputy Prime Minister Alexander Novak shared an update based on information from Russian companies: there are no issues with oil payments or shipments to India. He spoke to reporters, noting that tankers continue to move and payments proceed as usual. According to him, the situation is stable from the perspective of both supply chains and financial settlements. [Source: RIA News]
In his remarks about trade flows and logistics with India, Novak emphasized that data from the participating firms indicates smooth operations. He stated that oil shipments are underway and payments are being processed without disruption. The clear takeaway for observers is that the bilateral oil exchange between Russia and India is maintaining its momentum, with real-time shipments and ongoing financial settlements. [Source: RIA News]
Earlier in the day, President Vladimir Putin met with students in Kaliningrad. The discussions touched on Rosneft’s strategic ambitions and the broader energy partnership with India. Putin answered questions from attendees, reaffirming India’s right to pursue an independent foreign policy free from external pressures. This stance aligns with Moscow’s view of diversified energy partnerships and the importance of sovereign policy choices in foreign relations. [Source: RIA News]
In recent developments, Rosneft disclosed plans to expand its footprint in India by exploring the construction of an oil refinery there. The initiative signals a deeper penetration into one of Asia’s largest energy markets, potentially enhancing supply reliability and creating new commercial opportunities for both Russian crude producers and Indian refiners. Analysts note that such moves fit within broader strategic objectives to strengthen energy cooperation between the two countries and to diversify Rosneft’s international assets. [Source: RIA News]
Additionally, Rosneft’s credit standing has drawn attention. ACRA recently assigned the company a high credit rating, a signal to investors and partners of its financial resilience and access to capital for potential expansion projects. The rating underscores the perceived stability of Rosneft’s balance sheet and its capacity to support large-scale international ventures amid a complex global energy market. [Source: RIA News]