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External Affairs Minister S Jaishankar on Saturday briefed a parliamentary consultative committee on India's "multifaceted" engagement with Russia, highlighting shared ambitions to expand bilateral trade, investment, and energy cooperation. Chairing the meeting on India-Russia relations, Jaishankar also apprised members of New Delhi's stance on the Ukraine conflict and its recent diplomatic efforts to contribute toward a peaceful settlement. The external affairs minister further informed the panel that Russia has agreed to take around 70,000 Indian skilled workers this year, especially in the fields of construction and logistics, people familiar with the meeting said. While discussing the trade and investment ties between the two countries, Jaishankar mentioned that there is a shared ambition to expand bilateral trade in a balanced manner, including through greater Indian exports to Russia in seven areas -- auto, pharma, food, marine products, engineering goods, chemicals and ...
India remains firmly committed to ensuring energy security for its 1.4 billion people, and it will continue to do so through diversified sourcing, the Ministry of External Affairs (MEA) said on Thursday while reacting to the US' Russia sanctions legislation. The US House of Representatives has passed the Lindsey O Graham Sanctioning Russia and Iran Act that authorises President Donald Trump to impose sanctions on Russia and steep tariffs on its trading partners such as India and China in the oil and gas sector. "As stated on several earlier occasions, India remains firmly committed to ensuring energy security for its 1.4 billion people," the MEA said in a statement. "It will continue to do so through diversified sourcing and on the basis of evolving market dynamics," it said. The MEA said the issue has been "discussed at high levels in recent months with various US interlocutors". "Its potential implications for not just the bilateral relationship but also the international energy
Racing against time, US lawmakers submitted amendments to the Russia sanctions bill, with one seeking to name its top trading partners -- including India -- in the legislation, and another proposing to scrap the section imposing tariffs altogether. The Lindsey O Graham Sanctioning Russia and Iran Act, passed by the US Senate by an overwhelming 86-11 vote last month, seeks to impose sanctions not only on Russia's leadership and energy sector, but also on the "shadow fleet" of vessels that enable Moscow to evade sanctions on oil deliveries. The US believes that Russia's crude oil trade is funding the war against Ukraine. The Bill also seeks to authorise President Donald Trump to impose 100 per cent tariffs on Russia's top oil trading partners, including China and India. The bill passed by the US Senate on August 7 does not name Russia's trading partners, but mentions the five largest importers of oil and gas by volume. The bill must be passed by the House of Representatives before it
Russia imported a record 172,000 tonnes of oil products in August, including gasoline refined from Russian crude at a refinery in India that is partly owned by Russia's Rosneft, as Ukrainian drone strikes disrupted Moscow's domestic refining capacity, according to a report by the Centre for Research on Energy and Clean Air (CREA). India supplied 70 per cent of Russia's oil product imports in August, including 120,000 tonnes of gasoline worth 78 million euros, CREA said in its monthly analysis of Russian fossil fuel exports and sanctions. The volume of Russian fuel imports was more than seven times the previous monthly record and three times the total imported during all of 2025. All of the gasoline from India was loaded at the Vadinar refinery and sold by EU-sanctioned Nayara Energy to Rosneft, CREA said. Rosneft owns 49.13 per cent of Nayara Energy, while Vadinar sourced all of its crude from Russia during the first eight months of 2026, compared with 81 per cent for all of 2025, ..
Russian President Vladimir Putin on Friday began a three-day visit to India to participate in the BRICS summit and meet Prime Minister Narendra Modi to expand bilateral trade, investment and energy cooperation. Putin is accompanied by a high-level delegation. It will be his first in-person participation at a BRICS summit outside Russia since the war in Ukraine began in February 2022. The two-day BRICS summit hosted by India starting Saturday is expected to focus on boosting collective resilience in food, energy, health, disaster reduction and critical supply chains with New Delhi positioning the bloc as an effective anchor to navigate a fragmented geopolitical environment. The summit in New Delhi is taking place against the backdrop of a global economy facing the adverse impacts of the Russia-Ukraine war, the West Asia crisis, especially the blockade of the Strait of Hormuz, and the Trump administration's trade and tariff policies. Chinese President Xi Jinping, Iranian President .