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Indian Prime Minister Narendra Modi and Russian President Vladimir Putin are scheduled to meet in Bishkek, Kyrgyzstan, at the Shanghai Cooperation Organization summit amidst global energy market disruptions due to conflicts involving the US, Israel, and Russia. Since Russia’s invasion of Ukraine in 2022, discounted Russian oil has made Moscow a major supplier to India, but India's relationship with Russia is under pressure from US attempts to curb Russian oil purchases, impacting India's energy strategy and defense cooperation. Despite declining dependence on Russian military equipment, India aims to balance its energy supplies and defense needs without taking an overtly anti-Western stance, even as Russia's increasing reliance on China complicates the geopolitical landscape.

Indian Prime Minister Narendra Modi met with Russian President Vladimir Putin on the sidelines of the Shanghai Cooperation Organization summit in Bishkek, amid ongoing tensions from the US-Israel war on Iran and Russia's continued conflict in Ukraine. Energy ties have evolved significantly, with Russia becoming one of India's largest suppliers of crude oil due to discounted pricing, while India's defense relationship with Russia is shifting towards greater diversification and a focus on domestic production rather than reliance on Russian military hardware. Additionally, the increasing dependence of Russia on China as a market and economic partner complicates Moscow's ability to act as a counterbalance to Beijing, even as India seeks a partnership rather than a transactional dependence.