The European Union ban on seaborne Russian fuel shipments, coupled with earlier restrictions on the bloc's crude purchases, give more impetus for Moscow to ramp up the flows to India
Russia on Monday accused the US of "actively" exploiting the "contradictions" between India and China to its advantage and asserted Moscow and New Delhi accumulated mutual trust and confidence based on decades-old ties that would help the two sides to deal with the current geopolitical turbulence. In his address at a conference, Russian Ambassador to India Denis Alipov, at the same time, said that the India-Russia ties are "under stress" because of the tectonic geo-political shifts in view of the "arrogant" and "belligerent" approach by the US-led West on the Ukraine conflict. The envoy said Moscow wants to expand its economic engagement with Islamabad as a "weak" Pakistan is not good for the entire region including India. In a tweet later, he clarified that he meant a "destabilised" Pakistan is not in the interest of anyone in the region. The conference on 'Next Steps in India-Russia Strategic Partnership; Old Friends New Horizons' was organised by the India Writes Network and the
India's appetite for Russian crude oil in January rose to unseen levels, continuing to remain above traditional middle eastern suppliers for the fourth month in a row, as refiners rushed to snap up plentiful cargoes available at a discount to other grades. From a market share of less than 1 per cent in India's import basket before the start of the Russia-Ukraine conflict, Russia's share of India's imports rose to 1.27 million barrels per day in January, taking a 28 per cent share, according to energy cargo tracker Vortexa. India, the world's third-largest crude importer after China and the United States, has been snapping Russian oil that was available at a discount after some in the West shunned it as a means of punishing Moscow for its invasion of Ukraine. From a market share of just 0.2 per cent in India's import basket before the start of the Russia-Ukraine conflict, Russia's share of India's imports rose to 28 per cent in January 2023. Officials attending India Energy Week (IE
Live news updates: Delhi's Saket court discharges Sharjeel Imam in Jamia Violence case registered in 2019. Violence erupted after a clash between people protesting against Citizenship Amendment Act
European Union governments tentatively agreed on Friday to set a USD 100-per-barrel price cap on sales of Russian diesel to coincide with an EU embargo on the fuel steps aimed at ending the bloc's energy dependence on Russia and limiting the money Moscow makes to fund its war in Ukraine. Diplomats representing the 27 EU governments set the cap on Russian diesel fuel, jet fuel and gasoline ahead of a ban taking effect on Sunday. It aims to reduce Russia's income while keeping its diesel flowing to non-Western countries to avoid a global shortage that would send prices and inflation higher. The information was provided by diplomats from 3 different EU member nations ahead of a formal announcement by the Group of Seven major industrialized nations. They spoke on condition of anonymity because the official announcement would come later. The USD 100-per-barrel cap applies to Russian diesel and other fuels that sell for more than the crude oil used to make them. Officials agreed on a US
World food prices fell in January for a 10th consecutive month, and are now down some 18% from a record high hit last March following Russia's invasion of Ukraine, the United Nations food agency said
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Europe is taking another big step toward cutting its energy ties with Russia, banning imports of diesel fuel and other products made from crude oil in Russian refineries. The European Union ban takes effect February 5 following its embargo on coal and most oil from Russia. The 27-nation bloc is trying to sever its last uses of Russian energy and stop feeding the Kremlin's war chest as the anniversary of the invasion of Ukraine nears. The newest ban has risks: Diesel prices have already jumped since the war started on February 24, and they could rise again for the fuel that is key to the global economy. We're leaving money on the road to provide our services, said Hans-Dieter Sedelmeier of the family-run German bus and travel company Rast Reisen. Most things people buy or eat are transported at some point by trucks, which mostly run on diesel. It also powers farm equipment, city buses and industrial equipment. The higher cost of diesel is built into the price of almost everything, .
Ahead of her India visit for foreign office consultations Under Secretary of State for Political Affairs, Victoria Nuland, has told lawmakers that the US needs to help India find alternatives to Russian military equipment and that is part of the "job we have to do." Nuland is travelling to India as part of a four-nation trip including Nepal, Sri Lanka and Qatar from January 28 to February 3. I think they (India) find themselves after 60 years of entanglement having to find alternatives, and that's part of the job we have to do, is help them with alternatives, Nuland told members of the Senate Foreign Relations Committee during a Congressional hearing on Russia. She was responding to a question from Senator Jeff Merkley when she told lawmakers that she is travelling to India. I'm glad to hear that you're going to India. I would think that after the performance of Russian weapons on the battlefield has been demonstrated, they might be somewhat less interested, Merkley said. India ha
Russian Foreign Minister Sergei Lavrov spoke at length on the development of new centres of economic power, and financial and political influence
The EU and G-7 want to impose the limits on Russian exports to third countries
Russia's path to sending a team to the Paris Olympics next year became clearer on Thursday amid fierce objections from Ukraine. The International Olympic Committee indicated on Wednesday it favors officially neutral teams from Russia and its ally Belarus at the 2024 Olympics despite a plea from Ukrainian President Volodymyr Zelenskyy to exclude them entirely. A day later, Russia and Belarus were invited to compete at the Asian Games, a key Olympic qualifier. Russia typically competes as part of Europe but has a tense relationship with many of the countries set to host qualifying events there. Russia and Belarus have been barred from almost all international competitions in Olympic sports following the invasion of Ukraine. Zelenskyy has said he told French President Emmanuel Macron, whose country is hosting the Olympics, that Russia should have no place there. Ukraine is seeking to rally support against the IOC-brokered plan. IOC has been disregarding Russian war crimes, claiming t
Ukrainian officials said Thursday that Russia launched a wave of missile and self-exploding drone attacks on the country. Air raid sirens wailed nationwide. There were no immediate reports of the targets, but Kyiv's mayor said a Russian missile strike killed one person, the first death from an attack in the capital since New Year's Eve. Mayor Vitali Klitschko said two other people were injured in the strike.. The head of the Kyiv city administration said 15 cruise missiles were shot down. Serhii Popko said the missiles were fired in the direction of Kyiv but did not clarify if the capital itself was a target. Odesa regional governor Maksym Marchenko reported that several facilities of energy infrastructure were damaged not just in the Odesa region, but other regions of Ukraine. That caused significant problems with electricity supply. Earlier Vinnytsia regional governor reported about strikes in his region. The attacks came after Germany and the United States announced Wednesday th
Russia should increase the number of satellites in orbit from about 200 now to at least 1,000 by 2030, said Yury Borisov, Director General of Russia's state space corporation Roscosmos
US officials said they agree the Russia-China relationship is extremely close now and China is doing more than it did before in support of Russia
Russia strongly supports the issue of reform at the UN Security Council to accommodate African, Asian and Latin American nations, the country's Foreign Minister Sergei Lavrov said on Monday. Lavrov was addressing a media briefing after meeting with his South African counterpart, Minister of International Relations and Cooperation, Naledi Pandor, who hosted the Russian Minister for bilateral talks covering a range of issues. We strongly support the additional seats for developing countries because it is the under-representation of Africa, Asia and Latin America which is the key problem of the (UN Security) Council today, Lavrov said, expressing support for pleas made on several occasions by President Cyril Ramaphosa of South Africa and Indian Prime Minister Narendra Modi. He also said Russia cherished the cooperation of South Africa at the G20. The latest Summit in Indonesia was, I believe, quite telling about the desire of most members of the G20 to concentrate on the original mand
A new survey shows that Indians view the US as the biggest military threat to their country after China - and, even more shocking, put it ahead of Pakistan
We should recognise that many can play the game of manipulation targeting the Indian information space
A Goa-bound chartered flight from Russian capital Moscow with 240 passengers on board was diverted to Uzbekistan in the wee hours of Saturday following a bomb threat, police said
Russia claimed Friday to have captured a village in its intense, monthslong push toward the eastern Ukraine city of Bakhmut, as military analysts cautioned that tanks that may be sent by Kyiv's Western allies wouldn't be a magic wand in the almost 11-month war. Russian Defence Ministry spokesman Igor Konashenkov told a regular media briefing that the village of Klishchiivka, nine kilometers (five miles) south of Bakhmut, had been liberated. The claim couldn't be independently verified, and Ukrainian officials made no immediate comment on the claim. Taking Klishchiivka would be only a minor breakthrough, but the Kremlin is hungry for good news from the battlefield after months of setbacks. Bakhmut, on the other hand, would be a bigger prize. It could allow Russia to disrupt Ukrainian supply lines in the east and threaten other Ukrainian-held cities in the surrounding region. The war has been largely static during the winter months, according to military analysts, except for some h