In the face of a fluctuating global economic landscape, nations are actively seeking strategies to stabilize and grow their trade volumes. Despite concerns about potential disruptions, assurances are being made that sanctions will not have a detrimental impact on trade.

Russia has assured India that potential sanctions on its oil trade would only result in minor and temporary disruptions. Kremlin spokesperson Dmitry Peskov stated that some countries are creating obstacles in India-Russia trade. However, both countries are focused on overcoming these challenges and expanding bilateral trade to $100 billion in the next five years.

President Vladimir Putin's upcoming visit to New Delhi is expected to address these issues, with discussions focusing on ways to shield India-Russia trade from the impact of sanctions. According to Peskov, the agenda includes new proposals in the civil nuclear and military domains. These sanctions are viewed by Russia as "illegal" under international law. Russia is determined to organize trade interactions in a way that cannot be affected by third countries. A significant portion of trade relations is being conducted in national currencies to secure trade and sovereignty.

Even though some companies are slowing down their purchase of Russian crude, others are enlarging their purchases. Russia is actively working to circumvent Western sanctions that pose a hurdle to trade.

India has been reducing crude imports from Moscow due to pressure from Western sanctions, especially from Washington, targeting major Russian oil producers like Rosneft and Lukoil. Peskov acknowledged that there might be slight decreases in oil trade volume for a brief period. Despite this, Moscow is committed to creating a supportive environment for buyers of its oil. They possess extensive experience operating under sanctions and are continuously refining their technologies to counter their effects. Discussions between leaders will also cover payment methods to ensure trade security from third-country pressures.

The share of U.S. dollars in global trade is decreasing, while the use of national currencies is increasing. The upcoming visit of President Putin to India will include a proposal on setting up small modular reactors. Russia is willing to share its technology to build small modular reactors (SMRs) with India.

Notably, trade between Russia and the European Union has fallen to a historic low due to sanctions and energy decoupling.