Amid US tariffs over Russian oil imports, Prime Minister Modi will meet President Putin in Tianjin after the SCO summit, with energy and trade balance key issues on the agenda
PM Modi concludes Japan visit with 13 agreements, heads to the SCO Summit in China to meet Xi Jinping and Vladimir Putin. India, China focus on ties amid global strains
India may resent Trump's tariffs, but with careful diplomacy they could be seen as temporary steps to rebalance ties while reforms and openness progress at India's own pace
White House adviser Peter Navarro has accused India of funding Moscow's war through Russian oil buys, defending Trump's 50% tariffs and warning that 'the road to peace in Ukraine runs through New Del
Indian refiners have resumed tendering Russian oil purchases in the second half of August
Democrats say Trump's new tariff on India is unfair and politically motivated, accusing him of letting China off the hook despite being the top buyer of Russian crude oil
State-run and private processors, including heavyweight Reliance Industries Ltd., are expected to buy 1.4 million-to-1.6 million barrels a day for October loading and beyond
MEA says US has significant presence in Indian Ocean via CMF, however Russia's role limited to joint exercises with partners
Jaishankar and Lavrov discussed joint ventures in energy, trade imbalance, connectivity projects and defence cooperation, with focus on outcomes ahead of the Annual Summit later this year
Jaishankar also underlined the importance of sustaining energy cooperation between the two nations through trade and investments
India's External Affairs Minister S Jaishankar said that the US itself had encouraged India to stabilise the world energy market by continuing to buy crude oil from Russia
Indian External Affairs Minister Subrahmanyam Jaishankar said Wednesday during a visit to Moscow that the two countries must remove trade bottlenecks and reduce non-tariff barriers
Russia has a "special mechanism" to confront any challenge arising out of the US slapping punitive measures against India for its procurement of Russian crude oil, Russian charge d'affaires Roman Babushkin said on Wednesday. The relations between New Delhi and Washington are on a downturn after US President Donald Trump doubled tariffs on Indian goods to a whopping 50 per cent including a 25 per cent additional duties for India's purchase of Russian crude oil. At a media briefing, Babushkin projected the rapid upswing in his country's ties with New Delhi in several critical areas and said Russia has been a "partner of choice" for India's requirement of various military platforms and hardware. The senior Russian diplomat said Russia is expected to be part of New Delhi's plans to create a new air defence system called Sudarshan Chakra, which was unveiled by Prime Minister Narendra Modi during his Independence Day speech. "We proceed from the understanding that when it comes to the ..
India and Russia should come out with a creative and innovative approach to confront complex geopolitical challenges, External Affairs Minister S Jaishankar said on Wednesday amid increasing strains in New Delhi's ties with Washington over its purchase of Russian crude oil. Jaishankar made the remarks at a meeting with Russia's First Deputy Prime Minister Denis Manturov in Moscow. In his televised opening remarks, the external affairs minister said India and Russia should continuously diversify and expand their "agenda" of cooperation including by diversifying the bilateral trade basket and through more joint ventures. "Doing more and doing differently should be our mantras," he said. The comments came against the backdrop of a downturn in relations between India and the US after President Donald Trump doubled tariffs on Indian goods to a whopping 50 per cent including a 25 per cent additional duties for India's purchase of Russian crude oil. The external affairs minister arrived
Jaishankar highlighted India and Russia's steady ties, urging more strenuous efforts to diversify and balance trade between the two nations
Russia said Indian goods are welcome in its market as the US raises tariffs; a top Russian diplomat defended India's oil imports and called Western sanctions unfair and one-sided
Discounts for Russian flagship Urals crude have widened to about $3 per barrel, making the oil attractive for Indian refiners, while China has stepped up purchases, the officials said
Fitch says Indian pharma, oil marketing companies and auto exporters face downside risks from US tariffs, with Biocon and HPCL-Mittal flagged as vulnerable
India's Foreign Ministry has previously said the country is being unfairly singled out for buying Russian oil while the United States and European Union continue to purchase goods from Russia
India should consider whether the cheap oil imports from Russia are 'worth it' after the Trump administration announced an additional 25 per cent tariff on Indian goods, Nobel laureate Abhijit Banerjee has said. Last week, US President Donald Trump signed an executive order, slapping an additional 25 per cent levy on India for New Delhi's purchases of Russian oil, bringing the total duties to 50 per cent -- among the highest imposed by the US on any country in the world. The additional 25 per cent duty will come into effect on August 27. "We need to think hard about whether Russian oil imports are worth it and then go back to the US to say that, you know, will they take it (tariff) off, if we stop importing Russian oil," Banerjee told PTI on the sidelines of an event organised by BML Munjal University. Since the steep tariffs are likely to hit the USD 27 billion of non-exempt exports that India does to the US, there has been chatter around stopping or curtailing oil imports from ..