India's Oil and Natural Gas Corp will pay into Russia's Sakhalin-1 oil and gas field abandonment fund in roubles, using Indian companies' frozen dividends to retain its 20% stake in the project, three sources familiar with the matter said.

Russian President Vladimir Putin emphasised that Russia’s engagement with India extends far beyond oil and gas cooperation. Addressing the India–Russia Business Forum in New Delhi, Putin said the Russian delegation “did not only come to discuss energy issues” but aims to deepen a multifaceted partnership across sectors.

Russian President Vladimir Putin emphasizes the importance of broader economic cooperation with India, highlighting trade agreements, logistics improvements, and the goal of reaching $100 billion in trade by 2030 at the India-Russia Business Forum.

Russian President Vladimir Putin starts a two-day visit to India from Thursday, pitching for more sales of Russian oil, missile systems and fighter jets in a bid to restore energy and defence ties hit by U.

As Russian President Vladimir Putin is in India, Congress MP Shashi Tharoor praised the importance of the relationship with Moscow, stating that from oil and gas to defence equipment, which played a seminal role in Operation Sindoor,

ONGC moves to secure a 20% stake in Russia's Sakhalin-1 project by using frozen dividends for rouble contributions.