Page 7 - India Russia

Indian refiners likely to import more Russian oil as discounts deepen

Discounts on Urals crude loading in November are $2-to-$2.50 a barrel to Dated Brent, making it attractive

Russian oil purchases not bedrock of Indian economy: US trade official

Jamieson Greer's remarks come at a time when India and the US have resumed negotiations to address the trade barriers after President Donald Trump imposed a 50 per cent tariff on India

Russian oil traders ask Indian buyers to pay in yuan amid strong China ties

In 2023, Indian state refiners made some payments for Russian oil in yuan, but they stopped due to displeasure from the Indian government during a period of heightened tensions with Beijing

PM Modi greets Putin on birthday, reviews India-Russia partnership

The PMO said that the two leaders reviewed the progress in the bilateral agenda and reaffirmed their commitment to further deepen the "special and privileged strategic partnership"

From oil to pistachios: How barter trade is reshaping global commerce

Several Middle Eastern and Asian economies, including China, Pakistan, and Iran, are turning to barter trade to avoid the impact of secondary sanctions

Putin directs measures to reduce trade imbalance with India ahead of visit

Russian President Vladimir Putin expressed his anticipation for his upcoming visit to India in early December and has ordered the government to devise measures to soften the trade imbalance with India due to the heavy import of crude by New Delhi. Speaking at the international Valdai discussion forum of security and geopolitical experts from 140 countries, including India, in the Black Sea resort of Sochi in South Russia on Thursday evening, Putin underlined that Russia and India have never had any problems or tensions between them and always took actions by keeping in view their sensitivities. "We have never had any problems or interstate tensions with India. Never," the Russian leader noted. Putin highlighted the "special" nature of Russia-India relations since the days of the Soviet Union, when India was fighting for its independence. "In India, they remember this, they know it, and they value it. We appreciate that India has not forgotten it," he declared. He referred to Prime

India eyes first US LPG deal as trade war shifts global fuel supply routes

India's state oil companies plan to import up to three large US LPG cargoes per month in 2026, marking the country's first long-term US supply deal

India ramps up US oil purchases amid trade talks, diversification push

Crude oil loading refers to volumes of oil loaded at a producing country's port for respective destinations. Oil shipments loaded in the US typically take around two months for delivery in India

State refiners cut dependence on Russian oil as private firms boost imports

During the last month, while the state-run refiners were cutting their reliance on Russian crude, private players were stepping up procurement

India-US ties won't define India-Russia relations: Russian minister Lavrov

Russia fully respects India's national interests and the independent foreign policy being pursued by Prime Minister Narendra Modi, Russian Foreign Minister Sergey Lavrov has said, asserting that India's ties with the US or any other country cannot be a benchmark for New Delhi-Moscow ties. Lavrov, who addressed the UN General Assembly shortly before External Affairs Minister S Jaishankar's speech at the high-level General Debate, said India and Russia share a "particularly privileged strategic partnership". These situations that might arise between India and the United States or India and any other country, I can't consider them a criteria for relations between India and Russia, he said at a press conference here on Saturday. Lavrov was responding to a question on India's continued imports of Russian oil despite US pressure on countries to reduce such purchases, and how Moscow views its ties with New Delhi in this context. "We have full respect for the national interests of India, f

India urges Russia to release 27 more Indians recruited into Russian army

India has called upon Russia to release 27 more Indian nationals who were recently recruited into the Russian military. Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal on Friday said New Delhi has come to know that more Indians are working with the Russian military, with new inputs coming from their families. "As per our information, 27 Indian nationals are presently serving in the Russian army. We are also in close touch with their family members in the matter," Jaiswal said at his weekly media briefing. "We once again strongly urge all Indian nationals to stay away from the offers being made to serve in the Russian army as they are fraught with danger and risk to life," he added. Jaiswal said India has strongly taken up the matter with Russian authorities. "We have strongly raised this matter with Russian authorities in Moscow and with the Russian embassy in New Delhi, and asked for them to be freed as soon as possible," he said. "We are trying to get them out,"

Incorrect, baseless: India dismisses Nato chief's claim on Modi-Putin call

The MEA dismissed Nato Secretary-General Mark Rutte's claim that PM Modi had called Putin to discuss its Ukraine strategy after being hit by US tariffs over purchase of Russian crude

India, Russia look to strengthen balanced bilateral agriculture trade

Russian Deputy Prime Minister Dmitry Patrushev met Agriculture Minister Shivraj Singh Chouhan as both nations discussed trade barriers, fertiliser and oil imports, and wider farm cooperation

Russian Deputy PM meets PM Modi, discusses agriculture and food sector ties

PM Modi conveyed his warm greetings to President Vladimir Putin and said that he looked forward to welcoming him to India for the 23rd India-Russia Annual Summit

At UP trade show, PM speaks of strong, time-tested India-Russia ties

At the UP International Trade Show, PM Modi underlined strong India-Russia ties, spoke of defence production, GST savings, and urged people to embrace swadeshi self-reliance

Buy oil from any country except Russia: US energy secretary tells India

Wright clarified the US position, stating, 'We wish India would work with us to buy (oil)'

India 'mostly' with Kyiv in conflict with Russia: Ukraine prez Zelenskyy

Expressing cautious optimism, Zelenskyy acknowledged New Delhi's position on energy-related complexities, an issue which has been consistently raised by the US President Donald Trump

China, India key funders of Ukraine war through Russian oil purchase: Trump

This is not the first time Trump has made such claims. However, New Delhi has repeatedly rejected them, emphasising that its purchases are essential for energy security

US pushes to include India's Russian crude imports in trade negotiations

US officials have sought India to include Russian oil purchases in trade talks, even as New Delhi's refiners boost imports

Russia proposes localisation of large and small nuclear plants in India

Russia has offered India cooperation in localisation of large and small nuclear power plants as part of a civil nuclear energy collaboration between the two countries, it was announced Friday. Russia is currently building the Kudankulam nuclear power plant (NPP) in Tamil Nadu. According to Rosatom, the state atomic energy corporation, its Director General Alexey Likhachov made the offer during his meeting with the Indian delegation on the sidelines of the 69th annual session of the General Conference of International Atomic Energy Agency (IAEA) in Vienna from September 15-20. Talks with India one of Rosatom's strategic partners centred on expanding collaboration in peaceful nuclear energy. Rosatom offered to work with India on localising large- and small-scale nuclear power plant projects, building on India's strong industrial capabilities, a Rosatom release said. The parties reviewed progress on the four units under construction at Kudankulam NPP for phases II and III and explor