As a country dependent on imported oil — around 75% of its annual demand comes from outside — India’s immediate- and medium-term response will decide its economic trajectory. In the short-term, India should push for long-term supply contracts with Russia at the discounted rates that Moscow has shown it is open to offering. Irrespective of the optics of doing this, it is in our self-interest to do so. Done immediately, and smartly, this may even insulate the economy from the bruising it seems set for in 2022-23. But even as it does this, India should accelerate its impressive renewables push, perhaps bringing forward deadlines. For instance, can the target of meeting 50% of the energy requirements from renewables by 2030 be met by 2028 or 2029? Or is it possible to make that number 60% by 2031 and 75% by 2032? These may seem like impossible targets now, but they are achievable — and more importantly, will help India manage the optics of signing long-term supply contracts with Russia for cheap crude. Between the climate crisis and Russia’s ongoing invasion of Ukraine, India has very good reasons to double down on renewables.