Why India Won’t Break Up With Russia

Video thumbnail: Why India Won’t Break Up With Russia
Sep 11, 202610m 24s video lengthBloomberg Originals

The Signal

India maintains a long-running strategy of non-alignment, refusing to formally choose between Moscow and Washington. This balancing act faces acute pressure as India leans on discounted Russian oil and military hardware while simultaneously depending on the United States as its largest export market, creating a volatile triangle complicated by Russia’s growing dependence on China.

The Case

Energy and Strategic Dependencies

  • India’s reliance on Russian energy surged after 2022 when discounted crude became commercially attractive, with Russian oil reaching nearly 56% of India’s total imports by July 2026.5:34
  • While the Biden administration previously encouraged India to purchase Russian oil under the price cap, the Trump administration later used trade-deal leverage and tariffs to pressure India to curb these imports.5:55
  • The military relationship remains a critical constraint: Russia supplies roughly half of India’s defense needs, and India remains heavily dependent on Russian technology and spare parts to maintain its current fighter fleet.4:01

The Geopolitical Balancing Act

  • India’s foreign policy is structurally defined by a deep-seated distrust of US-Pakistan ties, which drove New Delhi to favor Soviet-era technology transfers for industrialization projects like the Bhilai steel plant after 1947.2:11
  • Despite deep historic ties to Moscow, India cannot alienate the United States due to the US being its primary export market and home to a diaspora of over five million people.8:00
  • India views Russia’s deepening dependence on China with growing unease, as this shift forces New Delhi to manage a complex three-way rivalry rather than a simple bilateral partnership.8:49
  • A 2025 conflict between India and Pakistan further strained relations when former President Donald Trump claimed credit for a ceasefire; India’s subsequent rejection of that claim contributed to a noted decline in public trust toward the US.6:20

The 1 Minute Signal Take

India is moving toward an increasingly transactional model with both superpowers, but its structural reliance on Russian military hardware and cheap energy keeps the country tethered to Moscow. The long-term durability of this position is uncertain, as intensifying US trade pressure and Russia’s closer alignment with Beijing threaten to narrow India's room for maneuver.

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India’s refusal to fully decouple from Russia is the ultimate test of the modern 'multi-alignment' doctrine. It challenge...

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Written by: 1 Minute Signal Editorial Team