Page 21 - India Russia

Jaishankar reaffirms India's stance on buying Russian oil despite sanctions

In an interview with the German economic daily, Handelsblatt, Jaishankar stated that Europe should understand that India cannot have a view of Russia that is identical to the European one

Houthi attacks on Russian oil tankers complicate things for Indian refiners

Houthi attacks on Russian crude deliveries coincide with escalating US actions on ships carrying such crude, leading to double trouble for India

In today's Russia, free spirits are sent to Gulag: French President Macron

Reacting to the reported death of Russian opposition leader Alexei Navalny, French President Emmanuel Macron said that free spirits are sent to the Gulag and condemned to death in today's Russia

India resumes buying Russian Sokol oil after 2-month hiatus: Report

India did not receive Sokol oil in December and January, data from trade sources and the ship tracking data shows

New US sanctions target India's biggest crude grades from Russia

Urals and Sokol accounted for every 4 out of 5 barrels of Russian supplies to India last year

Russia, West clash over Ukraine at UNSC meeting ahead of war anniversary

Russia accused the West on Monday of sabotaging agreements that would have prevented the war in Ukraine -- but the US and its allies put the blame squarely on Moscow, saying there is no escaping that President Vladimir Putin ordered the invasion of its smaller neighbour. Days before the second anniversary of Russia's invasion on February 24, 2022, Russia's UN Ambassador Vassily Nebenzia again put the cause of the war down to the failure to implement the 2015 Minsk agreements, which he blamed on "Kyiv's sabotage" supported by the West. The agreements aimed to resolve the conflict between Ukraine and Russia-backed separatists that flared in April 2014 after Russia's annexation of Crimea and its support for the separatists in the mostly Russian-speaking industrial east called Donbas. At Monday's Security Council meeting that Russia called on the seventh anniversary of the signing of the Minsk peace plan brokered by France and Germany, Nebenzia called claims by Ukraine and Western natio

Russian envoy Denis Alipov advocates permanent seat for India at UNSC

India and Russia have maintained a robust strategic partnership, rooted in historical ties and shared interests, over decades

India's Russian oil import hits 12-mth low, long-term appetite intact

India's crude oil imports from Russia fell for a second straight month in January to its lowest in 12 months but the nation's insatiable appetite for Russian crude remains for the long term, according to data from energy cargo tracker and industry officials. Russia supplied 1.2 million barrels per day of crude oil to India in January, down from 1.32 million barrels in December and 1.62 million barrels in November 2023, according to data from energy cargo tracker Vortexa. Russia however continues to remain India's top oil supplier, accounting for a little less than a quarter of 4.91 million barrels a day of oil that the world's third largest energy consumer imported in January. The decline in cargoes from Russia was made up by increased sourcing from Iraq, which supplied 1.1 million barrels per day (bpd) in January, up from 985,000 bpd in the previous month. Supplies from Saudi Arabia declined to 659,000 bpd from 668,000 bpd in December. India is more than 85 per cent dependent on .

Russia's energy elite, Indian govt officials try to keep oil flowing

Oil imports from Russia, negligible before Moscow's invasion of Ukraine, climbed steadily through 2022 and the first half of last year as India saw an opportunity to procure discounted barrels

ICJ set to decide if it can hear Ukraine's genocide case against Russia

The International Court of Justice is ruling Friday on whether it has jurisdiction to hear a case filed by Ukraine in the days after Russia's invasion accusing Moscow of breaching the genocide convention. In the highly-charged case, Kyiv claims that Russia breached the landmark 1948 convention by using trumped-up claims of genocide in the eastern regions of Luhansk and Donetsk as a pretext for attacking Ukraine nearly two years ago. Ukraine also accuses Moscow of planning acts of genocide. Moscow rejects the allegations and argued last year that the court should throw out the case before even considering the merits of Kyiv's claims. At hearings in September, the leader of Moscow's legal team, Gennady Kuzmin, called Ukraine's case hopelessly flawed and at odds with the longstanding jurisprudence of this court. In order for the court to have jurisdiction, Ukraine has to establish that it has a dispute with Russia over the genocide convention. A member of Moscow's legal team, Sienho

India-US cooperation can strengthen rules-based world order: Rajnath Singh

Rajnath Singh was addressing the Special Session of the Indo-American Chamber of Commerce in New Delhi

US sanctions on Russian oil shipments a worry for Indian refiners

Enhanced enforcement of sanctions by Western powers may increase procurement costs and reduce the appeal of discounted Russian crude

Foreign envoys from Russia, US, Israel wish India on 75th Republic Day

On the occasion of 75th Republic Day, the envoys of various countries, ranging from the United States, Israel and Russia wished India and called for further prospering ties with New Delhi

In Russia's egg crisis, Tamil Nadu town hopes to crack export opportunity

A combination of high inflation and sanctions imposed by the West has led to the egg crisis in Russia

Despite pressure, we are largest economy of Europe: President Putin

Russian President Vladimir Putin has said that the country has become Europe's first economy and stands at number fifth in the world in terms of purchasing power parity

Russia to renew Chennai-Vladivostok route; officials to visit Chennai

The maritime transport corridor from the port of Chennai to the port of Vladivostok functioned successfully in the Soviet era

Russia, India eying trade imbalance issue, diversification: Alipov

Russia is hopeful that India and China will be able to find ways to resolve differences on the border issue and normalise ties based on mutual respect of sensitive interests, Russian envoy Denis Alipov said on Monday. The ambassador, speaking at an event, touched upon various aspects of India-Russia engagement and noted that both sides are focusing on creating favourable conditions for mutual trade settlements, payment systems and insurance with a larger aim of boosting trade. "We are hopeful that India and China, as major civilisations possessing unique political wisdom, will find ways to achieve progress in the border issue and a normalisation of bilateral ties based on mutual respect of sensitive interests," Alipov said. The Indian and Chinese troops are locked in an over three-and-half-years confrontation in certain friction points in eastern Ladakh even as the two sides completed disengagement from several areas following extensive diplomatic and military talks. In his remarks

India cautious as West makes new plan for economic sanctions on Russia

US, EU could be moving to make it difficult for Russia to sell not only crude but other products

Russian crude oil cargoes head away from India amid payment issues

"China seems to have stepped in to save the idling Sokol cargoes," said Viktor Katona, lead crude analyst at data intelligence provider Kpler

India may see lower savings from Russian oil in 2024 as discounts dip

Russian imports accounted for 39% of India's overall crude imports last year from 16% in 2022