On the back of rising crude oil purchases, India's bill for imports from sanctions-hit Russia jumped 3.5 times in a year in April to $2.3 billion, showed data. Read more in our top headlines
India is a very key strategic partner in the Indo-Pacific region and the US lets Indian leaders speak about their economic policies, said US National Security Council coordinator John Kirby
In a bid to ensure smooth flow of trade without violating the West's economic sanctions on Russia, the Indian banks will open accounts with their Russian counterparts, and vice versa
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In May Indian refiners received about 819,000 barrels per day (bpd) Russian oil, the highest thus far in any month, compared to about 277,00 in April, the data showed
A significant number of western business entities are leaving Russia over its attack on Ukraine as well as the subsequent economic sanctions imposed against it by the United States and Europe
While half a billion dollars may seem like a lot of money, it really isn't when compared to the scale of the problem. Until recently, India bought almost all its frontline weaponry from Russia.
The effort is part of a much larger initiative by Joe Biden's administration to court India as a long-term security partner, despite its reluctance to criticize Russia for its invasion of Ukraine
We continue to remain in close touch with India about our efforts to rally the world to stand up against Russian aggression: White House Press Secretary Jen Psaki
Private players in Russia have met with potential suppliers in India's big cities and are opening specialised bank accounts at home for roubles-to-rupees transactions, with blessing of the two govts
Petroleum Minister Hardeep Singh Puri on Friday said India imports a very small portion of its oil requirements from Russia and was open to buying it if the terms were right
Oil ministry also asked OVL, the overseas investment arm of Oil and Natural Gas Corp, to consider buying a 30% stake held by Exxon Mobile Corp, in the Sakhalin 1 project in Russia's Far East
In the case of India, there is a relationship that goes back decades. And Russia, for India, was out of necessity a partner of choice when we were not in a position to be a partner: Antony Blinken
We've been very clear with India as well as other nations that we don't want to see them rely on Russia for defence needs. We've been nothing but honest about that and discouraging that: Pentagon
India has a longstanding relationship with Russia that includes weapons buying, and purchasing of oil adds to the Kremlin's coffers while it tackles financial sanctions
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President Joe Biden's top economic adviser says the administration has warned New Delhi against aligning itself with Russia.
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Describing India as an "important and serious" country, he said it does not come under any influence of the US
German officials said contracts stipulate payment for gas in euros and dollars and that must continue