India Russia

Middlemen halted Russian oil offers after US sanctions: Indian refiner

The refiner on average gets 16-17 cargoes of Russian oil in a month, which cover about 35% of its needs

Indian refiners rush to pay for Russian oil ahead of sanctions cutoff

Pressure to stay clear of sweeping US sanctions means the refiners are now aiming to settle payments for the discounted barrels in just two days instead of the previous five

Indian refiners hopeful of Moscow finding path around latest US oil curbs

Processors are hopeful that the new US government may help to blunt the impact of the far-reaching curbs announced last week

Indian refiners halt trade with US-sanctioned Russian firms and tankers

Washington also sanctioned 183 vessels used for transporting Russian oil while allowing a winding down of some energy related transactions by March 12

India expects uninterrupted Russian oil supply for next two months

Global Brent crude futures extended gains to climb above $81 a barrel on Monday, their highest since August, on expected disruption of Russian oil supply to China and India

US to impose sanctions on Russian oil, Indian supplies may be hit

The sources said they understand that the new US sanctions would target more than 180 tankers shipping Russian oil and Russia-based maritime insurance service providers Ingosstrakh Insurance Company

India targeting Russia to boost banana exports to $1 bn: APEDA chairman

After successfully exporting trial shipments of fresh bananas to countries like the Netherlands through sea route, India is now targeting to increase exports of the fruit to Russia, an official said on Monday. India has set a target of USD 1 billion banana exports in the coming years. At present, exports of most of the fruits, including banana, from India are happening by air route because of lower volumes and different ripening periods. To increase vo?lumes, India is developing sea protocols for fresh fruits and vegetables like bananas, mangoes, pomegranates, and jackfruit to promote their exports through ocean routes. The Agricultural and Processed Food Products Export Development Authority (APEDA), along with other stakeholders, has developed these protocols for bananas. APEDA is an arm of the commerce ministry. "We are targeting Russia to increase banana exports. We are going to participate in buyer-seller meets in Russia," APEDA Chairman Abhishek Dev said. He said India expor

Putin recalls ex-PM Manmohan Singh's role in elevating India-Russia ties

Russian President Vladimir Putin on Friday described former prime minister Manmohan Singh as an outstanding statesman and recalled his contribution in elevating India-Russia ties to a 'special and privileged strategic' partnership. In a condolence message, Putin said Singh accomplished a lot in promoting India's economic development and asserting its interests on the world stage. The strategic partnership between India and Russia was elevated to the level of 'special and privileged strategic partnership during the visit of the Russian president to India in December 2010. Singh, who served as the prime minister from 2004 to 2014 and widely known as the architect of India's economic reforms, died on Thursday night. He was 92. "As prime minister and when serving in other high-ranking positions, he accomplished a lot in promoting India's economic development and asserting its interests on the world stage," Putin said. "He also made a major personal contribution to strengthening friend

UP man's body returns home 6 months after death in Russia-Ukraine war

Kanhaiya Yadav, a resident of Bankata village here, left for Russia in January to work as a cook. Almost a year later, he returned home in a casket. Soon after arriving there, Yadav, 41, was enlisted in the Russian army and sent to the front lines of the Russia-Ukraine war where he was injured. Days after fighting for his life in a hospital, Yadav died on June 17, according to his family. His mortal remains were finally brought home on Monday. Yadav left for St. Peter's Square, Russia on January 16 after securing a work visa through an agent. He underwent training as a cook and was subsequently enlisted in the Russian army, said his wife Geeta. "On May 9, Yadav informed us that he was injured in the fighting. He was in touch with us till May 25, but there was no communication after that," she said. On December 6, the Indian embassy in Moscow informed the family that Yadav died on June 17 while undergoing treatment at a hospital, she added. Yadav's body was brought back on ...

Govt-owned oil refiners struggle to get adequate crude supplies from Russia

Oil executives from three of the nation's government-owned processors said they haven't been able to obtain enough Russian crude for January loading in the so-called spot market

Over 700 business leaders participate in India-Russia Dialogue in Moscow

The forum also focused on increasing bilateral trade and fostering cultural exchanges

Govt aims to secure Russian crude oil term deal by next financial year

Falling crude prices, shrinking global demand growth, and Rosneft's focus on India, make the timing right

India's import of Russian oil drops in Nov to lowest level since June 2022

India's import of Russian crude oil dropped in November to its lowest level since June 2022 but the Kremlin continues to be the biggest source of oil for India, according to a monthly tracker report of a European think tank. India became the second biggest buyer of Russian crude oil since Moscow invaded Ukraine in February 2022, with purchases rising from less than one per cent of the total oil imported to almost 40 per cent of the country's total oil purchases. The rise was primarily because the Russian crude oil was available at a discount to other internationally traded oil due to the price cap and the European nations shunning purchases from Moscow. "India's imports of Russian crude oil dropped by a massive 55 per cent in November - the lowest figure since June 2022," the Centre for Research on Energy and Clean Air (CREA) said its latest report. Russia remained India's top oil supplier, followed by Iraq and Saudi Arabia. "China has bought 47 per cent of Russia's crude exports,

Rosneft, Reliance agree on biggest ever India-Russia oil supply deal

The 10-year agreement amounts to 0.5 per cent of global supply and is worth roughly $13 billion a year at today's prices

India-Russia friendship higher than highest mountain, says Rajnath

Defence Minister Rajnath Singh met Russian President Vladimir Putin in Moscow on Tuesday and the two leaders noted that the India-Russia partnership holds immense potential and combined efforts will pave the way for "remarkable outcomes". According to the defence ministry, Singh, in the meeting, said, "Friendship between our countries is higher than the highest mountain and deeper than the deepest ocean." The defence minister conveyed to Putin that India has always stood by its Russian friends and will continue to do so in future. Singh also conveyed warm greetings of Prime Minister Narendra Modi to President Putin. "Rajnath Singh discussed various issues of bilateral defence cooperation," the defence ministry said in a statement. "Both leaders expressed that partnership between both countries holds immense potential and combined efforts will pave the way for remarkable outcomes," it said. Singh called on Putin after co-chairing the 21st session of the India-Russia Inter-Governme

EU gives inputs to India on cos supplying items to Russia despite sanctions

The European Union has provided India with inputs on the alleged involvement of certain Indian entities in supplying "high priority" goods with possible military application to Russia in violation of Western sanctions, people familiar with the development said. EU Sanctions Envoy David O Sullivan said he visited India in October to discuss with Indian authorities "systemic solutions" to stop the "illicit flow" of the common high priority items to Russia. There was no immediate comment from the Indian side on the matter. India has been maintaining that as a matter of policy, it only recognises UN sanctions. "I travelled to India in October 2024 for the second time to discuss with Indian authorities systemic solutions to stop the illicit flow of common high priority items to Russia," Sullivan said in response to a query. It is learnt that he provided certain details to the Indian authorities about the Indian firms allegedly supplying products to Russia circumventing the sanctions ...

UNSC 'united on Syria'; US, Russia emphasise territorial integrity

Russia has diplomatically shielded its ally Assad during the war, casting more than a dozen vetoes at the Security Council, on many occasions backed by China

Priority should be lowering Russia's military potential, says Zelenskyy

President Volodymyr Zelenskyy highlighted that Ukraine's focus should be on reducing Russia's military capabilities and preserving lives

Rajnath Singh attends commissioning ceremony of INS Tushil in Russia

The ships construction was closely monitored by an Indian team of specialists from the Warship Overseeing Team stationed at Kaliningrad, under the aegis of the Indian Embassy in Moscow

INS Tushil 'among world's most advanced': How it'll boost Indian Navy power

Defence Minister Rajnath Singh is on an official visit to Russia, where he will be the chief guest for the commissioning of the Indian Navy's INS Tushil stealth frigate on Monday