India and Russia recently solidified their energy partnership by signing a landmark agreement for the supply of 500,000 barrels of crude oil per day (bpd) over the next decade.[1] This deal, valued at approximately $13 billion annually, represents a significant deepening of energy ties between the two countries amidst evolving global energy dynamics and shifting geopolitical alignments.
Concurrently, India has signed a 10-year agreement with Iran to fund and operationalize the Chabahar Port, further enhancing its logistical capabilities and trade linkages.[2] This investment in Chabahar Port will further integrate with the INSTC (International North-South Transit Corridor), which is already operational, enabling enhanced connectivity between India, Iran, and Russia while facilitating trade and bypassing many of Western-controlled routes.
