To be fair, Europe was first to start trade war and ramp it up to 100%. Russia is just responding in kind. Europe had a choice in whether to back Ukraine or not (including pushing it to reject Russian demands before the war) and risks were known in advance.

Considering India and Russia has no common border and global interests are mostly aligned, repeat of situation is extremely unlikely. With any critical import you take a risk but this one is pretty small as far as geopolitical risks go.