SANJAY Kumar Pradhan

This article analyses India’s quest for energy diversification and its consequent presence in the Russian hydrocarbon market. It examines New Delhi’s balancing approach in the context of the Ukrainian crisis, the ramifications of sanctions for Russia, the United States’ shale resources as a factor in Indo–Russian hydrocarbon trade, and the India–China factor in the Russian energy market. India’s energy requirements and greater geopolitical clout have resulted in it importing more hydrocarbon resources from Russia. However, ongoing tensions between Russia and the West, fluctuating crude oil prices, and the falling value of the rouble will test Indo–Russian cooperation in the hydrocarbon sector.