Crippling Russia’s economy: EU explores new sanctions on Russian banks, oil trade; joint action with US being mulled
The EU is contemplating a 19th round of sanctions targeting Russian banks and energy firms to pressure Putin over Ukraine. These measures may include restrictions ...
‘As long as it’s viable’: ONGC to continue to buy Russian oil; acknowledges ‘instability’ from US tariffs
ONGC group refineries will continue purchasing Russian oil as long as it remains financially viable, according to Chairman Arun Kumar Singh. Subsidiaries MRPL and HPCL ...
‘We have red lines…’: Jaishankar’s clear message on India-US trade deal; slams ‘sanctions’ on Russia oil, says ‘if you don’t like it, don’t buy it’
External affairs minister S Jaishankar staunchly defended India’s energy ties with Russia, emphasising their role in stabilising global oil prices and serving national interests. He ...
Over 20% of Russia’s war-period crude exports! India bought about Rs 13.39 lakh crore in Russian oil; trails China’s Rs 193 billion
Since early 2022, India’s Russian oil purchases have reached ₹132 billion, constituting 20% of Russia’s oil export earnings. While China leads in overall fossil fuel ...
India’s shifting oil map: How did Russia change the trade game? Middle East holds steady; smaller suppliers lose ground
Russia’s dominance in India’s oil imports has reshaped trading dynamics, impacting smaller suppliers while Iraq, Saudi Arabia, and the UAE maintain significant positions. Despite pressure ...
Nayara Energy navigates EU sanctions: Dark-fleet tankers keep operations flowing; government steps in to protect India’s oil supply
Facing EU sanctions, Nayara Energy is utilizing dark-fleet tankers and limiting crude import options to maintain operations, raising concerns for India’s energy security. The government ...
Why no extra tariffs? US Secretary Marco Rubio defends US sparing China, Europe over buying Russian oil; warns sanctions risk global price surge
US State Secretary Marco Rubio has warned of potential energy price hikes if the US imposes secondary sanctions on China for processing Russian oil. This ...
‘Two or three weeks’: Trump on slapping China with Russian oil tariff
US President Donald Trump has indicated potential retaliatory tariffs on China for its Russian oil purchases, following similar actions against India. While immediate measures are ...
‘Maybe in 2 or 3 weeks’: Tariff relief in sight? What Donald Trump said on Russian oil buyers after meeting Putin
Following his meeting with Vladimir Putin in Alaska, US President Donald Trump mentioned potentially imposing tariffs on countries purchasing Russian oil in the coming weeks. ...
India’s exposure to Russian oil disruption limited to $5 billion; global economy faces major risk: Report
A Bank of Baroda report indicates India’s limited exposure to Russian oil export disruptions, estimating an additional $5 billion in annual import expenditure. While India ...
