It would be the highest-level visit from Russia to India after Moscow launched its military offensive against Ukraine on February 24
This marks the first purchase of Sokol crude by HPCL. BPCL had previously purchased the grade in 2016
India is exploring a rupee-rouble trade mechanism with Russia to circumvent the sanctions on Moscow by the US and its allies. What are the options and how feasible will they be in the long run?
How's the rupee-ruble trade mechanism shaping up? How is Sri Lanka's economic crisis affecting India? More pain ahead for FMCG stocks? What is a payment gateway? Find all answers here
Payments are likely to be settled in rupee pegged to dollar
GAIL has a long-term gas import deal with Gazprom Marketing & Trading Singapore to annually buy 2.5 million tonnes of liquefied natural gas and has been settling trade with Gazprom in dollars
The US and several Western countries have imposed crippling economic sanctions on Russia for its invasion of Ukraine
Foreign ministry responds to a question whether the Ukraine war had affected relationship.
'Historical relationships notwithstanding, we are a partner of choice for India now,' says US State Department.
The US has been putting increasing pressure on India to distance itself from Russia
Is Putin the bad guy in the Ukraine conflict, or has the West ignored the need for a legitimate buffer zone, or is it all about ideological underpinnings of civilisational ideas, wonders T N Ninan
President Biden's campaign to unite the globe against the Russian invasion of Ukraine is being challenged not only by adversaries such as China but also by the world's most populous democracy, India.
The newly appointed Russian envoy added that India is a "world pharmacy" and a leading manufacturer of drug copies that are no worse than the original.
By Nidhi Verma and Alasdair Pal
Russian Foreign Minister Sergei Lavrov said that the US is putting pressure on China, Turkey, and a number of other countries because of cooperation with Russia.
However, support for the Russian leadership is support for an invasion that obviously is having a devastating impact, White House Press Secretary Jen Psaki told reporters
The United States on Tuesday said India would not be violating US sanctions by purchasing Russian oil but added that such a move would put the country on 'wrong side of history'
India taking up Russia's offer of discounted crude oil would not be a violation of American sanctions, the White House has said
IOC said in late February it would buy Russian oil on delivered basis to avoid any complication relating to fixing vessels and insurance
This will allow Russian importers to pay in rubles and enable Indian exporters to do so in rupees