India is the biggest buyer of seaborne Russian crude. Russian oil accounted for about 35 per cent of overall crude imports in 2024 by India, the world's third biggest oil importer and consumer
In today's rapidly evolving order, India and Russia navigate a "complex geopolitical landscape", External Affairs Minister S Jaishankar said on Thursday, as he underlined that the "era of multipolarity" necessitates greater cooperation between the two nations. In an online video address to the conference -- 'Russia and India: Towards a New Bilateral Agenda' -- he said "further enhancement of the Special and Privileged Strategic Partnership between India and Russia continues to be a shared foreign policy priority". The conference is being hosted by the Russian International Affairs Council (RIAC) and the Indian Embassy in Moscow. In his address, Jaishankar said India "immensely values" its relationship with Russia and the two nations "remain committed to nurturing this deep friendship and exploring new frontiers of cooperation". "This relationship with deep historical roots, and a long tradition of trust and mutual respect, continues to expand and deepen, in the backdrop of a dynami
Russian Foreign Minister Sergey Lavrov on Thursday lauded India for adopting a balanced approach to the Ukraine crisis and advocating for resolving the issue through dialogue. In a video address to a conference titled 'Russia and India: Toward a New Bilateral Agenda' hosted by the Russian International Affairs Council (RIAC), Lavrov reiterated that Russia views strengthening its privileged strategic partnership with India as a foreign policy priority. Lavrov also said that President Vladimir Putin has accepted Prime Minister Narendra Modi's invitation to visit India and preparations are underway for it. "I would like to extend our gratitude on behalf of Russia for the fact that India, including its Prime Minister Narendra Modi, has been following a balanced approach to the Ukraine crisis at all times and called for settling it through dialogue and by addressing its root causes," Lavrov said. He said that Russia fully shares this approach and has been expressing its readiness to hol
This would be Putin's first visit to India after the Russia-Ukraine broke out in 2022
(Corrects designation of HMEL's Das to managing director & CEO, not chairman, in paragraph 5)
Kiev is waiting for Russia's response, expected later today during a call between Trump and Putin, Andrii Sybiha said at Raisina Dialogue
Amid multiple efforts to resolve the Russia-Ukraine conflict and achieve lasting peace, Russian Ambassador to India Denis Alipov on Friday said Moscow was "prepared to sit in a trilateral format" for talks. During an interactive session at the India Today Conclave, he also said the current US adminstration, in comparison with its predecessors, was showing the "right signs" to stop of the conflict. Asked about US President Donald Trump recently announcing his intention to end the conflict, the envoy sought to draw the broader contours of the position from Russia's perspectives. "I will put it simply, came Trump, and says -- 'I want a peace deal'. US officials approached us and we had a very good meeting in Saudi Arabia, and we saw that Americans now are prepared to not only listen but also hear. And, we also see (Ukraine President Volodymyr) Zelenskyy and we also see Ukraine, and we also see the Europeans, who continue on that belligerent path. They are speaking about the need for ..
India, the world's third largest oil consuming and importing nation, bought crude oil worth 49 billion euros from Russia in the third year of Moscow's invasion of Ukraine, a global think tank said. India, which has traditionally sourced its oil from the Middle East, began importing a large volume of oil from Russia soon after the invasion of Ukraine in February 2022. This is primarily because Russian oil was available at a significant discount to other international benchmarks due to western sanctions and some European countries shunning purchases. This led to India's imports of Russian oil seeing a dramatic rise, growing from less than 1 per cent of its total crude oil imports to a staggering 40 per cent in a short period. "Russia's stronghold over new markets has solidified in the third year of the invasion. The three biggest buyers, China (EUR 78 billion), India (EUR 49 billion) and Turkey (EUR 34 billion) were responsible for 74 per cent of Russia's total revenues from fossil ..
India abstained on a UN General Assembly draft resolution that called for a de-escalation, an early cessation of hostilities and a peaceful resolution of the war against Ukraine. The 193-member UN General Assembly voted Monday on the draft resolution Advancing a comprehensive, just and lasting peace in Ukraine' tabled by Ukraine and its European allies. The resolution, that was adopted with 93 votes in favour, 65 abstentions and 18 votes against, called for a de-escalation, an early cessation of hostilities and a peaceful resolution of the war against Ukraine, marked by enormous destruction and human suffering, including among the civilian population, in line with the Charter of the United Nations and international law. India was among the 65 UN Member States that abstained on the resolution. As the resolution was adopted, the UNGA hall broke into applause with Member States welcoming the adoption of the text. The resolution comes on the third anniversary of the Russia-Ukraine ...
Widened sanctions on Moscow by western countries including the United States have roiled global oil trade and forced buyers of discounted Russian crude to find new ways to maintain their purchases
Some are existing outfits that have not been impacted by the punitive measures, while others are newly created, replacing those that are now off-limits
The Chairman of the Russian parliament's lower house, Vyacheslav Volodin, arrived in India on Monday for an official visit.His discussions with Indian leaders will focus on improving cooperation in economic, cultural, educational, and technological fields, alongside strengthening inter-parliamentary dialogue between the two nations.Sharing the pictures of his arrival on X, the Russian Embassy in India wrote, "Chairman of the State Duma Vyacheslav Volodin arrived on an official visit to #India. In #NewDelhi, issues of #RussiaIndia cooperation in economic, cultural, educational & technological spheres, as well as the development of interparliamentary dialogue will be discussed."In another post, the embassy added, "Meetings of the Chairman with the Indian leadership and a visit to both houses of the Parliament of #India are planned."Meanwhile, Russian President Vladimir Putin is also expected to visit India for the annual summit this year. The dates for the visit will be worked ...
Russian shipments averaged 1.67 million barrels per day in January compared to 1.48 million bpd in December and 1.53 million bpd a year earlier
The Moscow City Tourism Committee is in discussions with the Indian government for a 'group-free visa regime,' allowing a specified number of tourists travelling together in a group to enter Russia without a visa. "When there is a group of tourists travelling together to Russia, the particular number should be mentioned in the document for the visit to become visa free. For example, in the Chinese document, the group should be 10-20 people. We are in talks with the Indian External Affairs Ministry for a final agreement on the number of people comprising a group from India to avail this facility," Moscow City Tourism Committee Chairman Evgeny Kozlov told PTI on the sidelines of an event on Wednesday evening. Kozlov further said India is an important country and ranks second in terms of source market among far abroad countries after China. "India is a priority market for us. For us among the far abroad countries, China ranks at the number one position, followed by India. Indians are .
President Vladimir Putin on Sunday said that Russian-Indian relations are based on "special and privileged strategic partnership" and hoped that the two countries will use joint efforts to continue to consistently build up productive bilateral cooperation across all areas. President Putin sent heartfelt congratulations to President Droupadi Murmu and Prime Minister Narendra Modi on the occasion of India's 76th Republic Day, the Ministry of Foreign Affairs of Russia said. "Russian-Indian relations are based on special and privileged strategic partnership. I am confident that we will use joint efforts to continue to consistently build up productive bilateral cooperation across all areas, as well as constructive interaction in international affairs," he said. Without a doubt, this meets the fundamental interests of our friendly peoples and is in line with the efforts to form a fair multipolar international order, Putin added. In his message, Putin said that the Indian Constitution tha
Union Minister Hardeep Singh Puri on Friday said that India would continue buying crude oil from Russia if it is available at a discount emphasising that the government is "committed" to buying the most economically-priced crude oil. "We used to buy less than 0.2 per cent from Russia in February 2022. Now, we are buying 30 per cent. If it's available at good discounts, we will buy it. If it (crude oil) is available elsewhere (at a discounted price), we will buy (from that market)," Puri, who is Minister for Petroleum and Natural Gas, said during a media interaction here. Prime Minister Narendra Modi's "commitment is to make energy available round the clock in the most affordable manner, along with the transition to green energy", the minister said. "We are not committed to buying any quantity from anyone. We are committed to buying the most economically priced energy of a grade of crude that you (refineries) want." He said that the government was open to entering both long terms as
Cargoes must be loaded before Jan 10 to evade sanction laws: Treasury Dept
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
Refiners looking to strike arrangements with suppliers in next 2 months
India on Tuesday pressed Russia to release all the Indians recruited by the Russian military, following the death of another Indian national in the Russia-Ukraine conflict zone, taking the death toll to 10. Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said an Indian national from Kerala has died and another has sustained injuries and is undergoing treatment at a hospital in Moscow. Jaiswal said the matter has been strongly taken up with Russian authorities in Moscow as well as with the Russian embassy in New Delhi. "We have also reiterated our demand for an early discharge of the remaining Indian nationals," he said. Prime Minister Narendra Modi had strongly raised the issue of early discharge of the Indian nationals working in the Russian Army during his talks with Russian President Vladimir Putin in Moscow in July last year. The death of Binil TB, who hailed from Thrissur, was made public on Monday by one of his relatives. Though the MEA did not provide the .