The Russia-Ukraine conflict has polarised the world to an extent not seen in recent history, resulting in an unprecedented coupling of global trade and geopolitics. While the choices of the USA, Europe, and China are obvious, the manoeuvring space is becoming narrower by the day for other countries. From a geopolitical point of view, it has led India to an undesirable situation, where it needs the support of the USA & Europe to stand up to China and at the same time, its dependency on Russia for defence equipment remains high along with Russia’s geographical proximity being another crucial factor.