Page 20 - India Russia

Crude oil import bill shrank 15.9% in FY24, thanks to Russia shipments

Import volumes remained stable at 232 mmt in FY24 as dependency increase

India not asked to reduce its imports of Russian crude oil, says US

According to estimates by the London-based commodity data analytics provider Vortexa, which tracks ship movements to gauge imports

No issues encountered with oil payment from India: Russia foreign ministry

External Affairs Minister S Jaishankar in February this year reaffirmed India's stance on buying Russian oil despite sanctions on Moscow amid military conflict with Ukraine

US officials urge India to maintain implementation of Russian oil price cap

Two senior US treasury officials are in India to urge New Delhi to maintain the implementation of the oil price cap aimed at limiting profits to Russia, while also promoting stable global energy markets, according to an official announcement. Acting Assistant Secretary for Terrorist Financing Anna Morris and PDO Assistant Secretary for Economic Policy Eric Van Nostrand are travelling to New Delhi and Mumbai from April 2-5 to meet with government and private sector counterparts, the Treasury said in a statement on Wednesday. They will discuss key bilateral issues, including cooperation on anti-money laundering and countering the financing of terrorism, other illicit finance issues, and continued implementation of the price cap, which seeks to further limit the profits Russia receives to fund its illegal invasion while promoting stable global energy markets, it said. Following Russia's February 2022 invasion of Ukraine, the G7 nations, the European Union, and Australia jointly ...

G7 price cap on Russian oil, recent action by Indian refiners working: US

Since October, the US has enforced the price cap with sanctions including designating in February Sovcomflot (SCF), Russia's state-owned shipping company

Ukraine Foreign Min Dmytro Kuleba discusses peace plan in India meeting

India, with deep economic and political ties with Russia, has consistently pushed for dialog and diplomacy to end the conflict. It has not publicly criticized or voted against Russia at the UN

S Jaishankar meets Ukranian counterpart Dmytro Kuleba in New Delhi

External Affairs Minister S Jaishankar met Ukraine's Minister of Foreign Affairs Dmytro Kuleba in New Delhi on Friday as part of a bilateral engagement. Kuleba, who arrived here on Thursday, is on a two-day visit to India. "Welcome FM @DmytroKuleba of Ukraine to Hyderabad House. Look forward to our discussions today," Jaishankar posted on X ahead of their talks. The external affairs minister also shared a photograph of him shaking hands with his Ukranian counterpart at the Hyderabad House. Kuleba's visit comes amid efforts to seek a peaceful resolution to the over two-year-old Russia-Ukraine conflict. On Thursday, Kuleba had posted on X, "I began my visit to New Delhi upon @DrSJaishankar's invitation. The Ukrainian-Indian cooperation is important and we will be reinvigorating ties. Building on the dialogue between @ZelenskyyUa and @NarendraModi, we will pay specific attention to the Peace Formula." During his weekly press briefing, Ministry of External Affairs (MEA) spokesperson

Ukraine requests India to reconsider 'Soviet legacy' of Russia ties

Ukrainian foreign minister has urged India to support it in its war against Russia. India-Russia ties are based on Soviet legacy that is evaporating, he said

Russia's oil-exporting machine finally getting snarled by sanctions

State-run Sovcomflot transported about a fifth of all Russia's crude deliveries to India last year

India stands in solidarity with Russia in this hour of grief, says PM Modi

Prime Minister Narendra Modi on Saturday said India strongly condemns the heinous terror attack in Moscow and stands in solidarity with the government and the people of Russia in this hour of grief. Assailants burst into a large concert hall in Moscow on Friday and sprayed the crowd with gunfire, killing more than 60 people, injuring over 100 and setting fire to the venue in a brazen attack, according to media reports. "We strongly condemn the heinous terrorist attack in Moscow. Our thoughts and prayers are with the families of the victims," Modi said in a post on X. "India stands in solidarity with the government and the people of the Russian Federation in this hour of grief," he said. Media reports said the Islamic State group claimed responsibility for the attack in a statement posted on its affiliated channels on social media.

Despite shrinking discounts, Russian crude flow to India may continue

Russia's share of Indian crude imports rose to 32 percent in February after recent dips

Pope Francis' 'white flag' comment met with criticism from Ukraine, allies

Ukrainian and allied officials Sunday criticised Pope Francis for saying that Kyiv should have the courage to negotiate an end to the war with Russia, a statement many interpreted as a call for Ukraine to surrender. The foreign ministers of Ukraine and Poland, a vocal ally of Kyiv, condemned the pope's remarks. And a leader of one of Ukraine's Christian churches on Sunday said that only the country's determined resistance to Moscow's full-scale invasion, launched by Russian President Vladimir Putin on Feb 24, 2022, had prevented a mass slaughter of civilians. In an interview recorded last month with Swiss broadcaster RSI and partially released on Saturday, Francis used the phrase the courage of the white flag as he argued that Ukraine, facing a possible defeat, should be open to peace talks brokered by international powers. Our flag is blue and yellow. We live, die and win under it. We will not raise other flags, Ukrainian Foreign Minister Dmytro Kuleba posted on Sunday on X, former

MEA raises concerns over Indians working as support staff for Russian army

Several Indian nationals have been duped to work with the Russian Army and India has strongly taken up the matter with the Russian government for their early discharge, the Ministry of External Affairs (MEA) said on Friday. MEA spokesperson Randhir Jaiswal said strong action has been initiated against agents and unscrupulous elements who recruited the Indians on false pretexts and promises. "The CBI yesterday busted a major human trafficking network conducting searches in several cities and collecting incriminating evidence. A case of human trafficking has been registered against several agents," Jaiswal said at his weekly media briefing. "We once again appeal to Indian nationals to not be swayed by offers made by agents for support jobs with the Russian Army. This is fraught with danger and risk to life," he said. Jaiswal said India remains committed to ensure early release of the Indian nationals serving as support staff to the Russian Army. "We remain committed to the early rel

India busts trafficking racket duping people into fighting for Russia

The traffickers, operating across several Indian states, targeted people using social media platforms and through local agents, the CBI said in a statement

Russia-Ukraine war: 7 Indians tricked into joining Russian Army, seek help

A group of Indians alleged that they got tricked into joining the Russian military and were sent to fight in the war against Ukraine

YouTube channel linked to Indians falsely drafted in Russian army: Details

The Centre said last week that several Indians hired as support staff to the Russian army were discharged following India's demand

India looks elsewhere for oil as latest US sanctions crimp Russia trade

India's refiners are keen to take more Russian oil, but there would need to be US approval for buying to ramp up again, the executives said, asking not to be identified because the information is priv

Russia's luxury hotels eye Indian hospitality firms for revival plans

Traditional management contracts and franchising agreements are among the potential collaboration models being explored

US sanctions on Russia's oil-shipping firms may leave India at sea

Washington is chipping away at the so-called shadow fleet that transports oil to China, India and Turkiye among others

Russian crude oil traders come up with ways to sidestep US sanctions

Russian barrels are not sanctioned for countries like India, but if the ships they are delivered on come under sanctions then India cannot buy such shipments