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Oil prices tumbled more than 6% on Tuesday to their lowest in almost 3 weeks, as Iran nuclear deal hopes rise and growing outbreaks in China make traders worry
Pure-bred horses, truffles, a soccer club owner and a media company chief. They were among the targets of new European Union sanctions against Russia on Tuesday that sought to deny oligarchs their love of luxury and rob the nation of lucrative steel exports. The 27-nation bloc sought to stay away from sanctions that would sap its supply of Russian energy, but pounced with measures worth billions while stifling its ability to work on global markets by banning EU rating agencies to work with Russian clients. These new sanctions will cut Russia off even further and drain its resources to finance this barbaric war. So one can say that the Russia has become the most sanctioned nation in the world, which is very dubious honour indeed, European Commission Vice President Valdis Dombrovskis said. The continued punishment of Moscow for its invasion of neighbouring Ukraine was done in close consultation with Western allies, from the United Kingdom to the United States. Together they agreed t
Amid escalating war between Russia and Ukraine, External Affairs Minister S Jaishankar said that India will facilitate the possible evacuation of students through Russia's Belgorod and Kursk region.
After the Russian aviation sector was hit by crippling Western sanctions for war against Ukraine, China refused to supply Russia with aircraft parts.For the supply of aeroplane parts, Russia now plans to seek assistance from India, Turkey and other countries, reported Global Defense Corp.Russia's air transport agency Rosaviatsiya was considering various alternatives for aircraft parts supply after China refused to supply aircraft parts amid sanctions, Russian news agency Interfax reported.Rosaviatsia official Valery Kudinov was quoted by Interfax as saying, "We have tasked airlines with looking for a possible supplier of parts on their own. As far as I know, there is information that a request has been made to China, but China has refused to do it."We will be looking (for opportunities) in other countries. Perhaps, via our partners, Turkey, or via India. Every company will reach an agreement on its own while we (Rosaviatsiya) will merely help legalise these parts."Most of the aircraft
The decisions China makes regarding Russia are going to be watched by the world, the White House has said, amid reports of Beijing trying to help Moscow either militarily or financially in Ukraine war
Russian President Vladimir Putin's war in Ukraine and his push to upend the broader security order in Europe may lead to a historic shift in American thinking about defence of the continent
An estimated 20,000 civilians fled Mariupol by way of a humanitarian corridor in the biggest evacuation yet from the Ukrainian port city, while Russian forces stepped up their bombardment of Kyiv
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The head of the UN refugee agency has come to Kabul to tell Afghans they have not been forgotten despite the devastation of Russia's war on Ukraine
The UN humanitarian chief has urged the world not to forget the conflict in Yemen where one of the world's gravest global humanitarian catastrophes has left 19 million people facing hunger this year
US is providing over $186 million in additional humanitarian assistance to support internally displaced persons and the more than three million refugees affected by Ukraine war, US State Dept said
The US Senate unanimously approved a resolution seeking investigations of Russian President Vladimir Putin and his regime for war crimes over the invasion of Ukraine
US President Joe Biden has signed into law a $1.5 trillion omnibus spending bill for the fiscal year 2022 to fund the federal government through the end of September
Monthly report says second advance GDP estimate reaffirms full recovery
Government has brought back 22,500 Indians and 147 foreign nationals from Ukraine and will use the Russia route for the evacuation of students who are still stuck in South Ukraine, said S Jaishankar
The government on Tuesday said it is keeping a close watch on evolving geopolitical developments and would make 'calibrated interventions' to keep fuel prices under control to safeguard the interest of the common man. Minister of State for Finance Pankaj Chaudhary said crude petroleum and natural gas, fuel & power subgroup in the Wholesale Price Index (WPI) is directly related to the fluctuations in the prices of crude oil. To a question in the Rajya Sabha on whether the government will cut excise duty to keep fuel price escalation due to the Ukrainian crisis in control, Chaudhary said the public sector oil marketing companies (OMCs) take appropriate decisions on pricing of petrol and diesel in line with their international product prices, exchange rate, tax structure, inland freight and other cost elements etc. "Government is keeping a close watch on these factors and the evolving geopolitical developments and would make calibrated interventions as and when required to safeguard .
At the end of it, Russia will become an even lesser power in comparison with what it has been in the recent past
Ukraine's economy is expected to shrink by 10 per cent in 2022 as a result of Russia's military operations, Ukrainian media reported citing the International Monetary Fund report
Concerns are growing among investors that Chinese companies will face US sanctions after American officials said Russia requested military and financial assistance from Beijing
Demand for all oil products may grow at only 2-3% in FY23, slower than the current fiscal and nearly half the 5.5% growth estimated by the petroleum ministry, according to industry officials