Page 154 - Russia

Deal reached for sale of Russian-owned refinery plant in Italy's Sicily

Russian oil company Lukoil said Monday that it has reached an agreement for the sale of a refinery plant in Sicily, where thousands of workers have been fearing job losses due to the European embargo on Russian oil. A company statement said that the sale of the ISAB Srl refinery to G.O.I Energy is planned to be completed by the end of March pending various approvals by authorities, particularly the Italian government. The refinery employs 3,500 people and indirectly supports the jobs of 6,500 others. The workers at the refinery protested in late 2022, fearing for their future as a consequence of the embargo imposed because of Russia's war against Ukraine. About 20% of Italy's oil is refined at the plant. Lukoil said that under the agreement the new owner will retain jobs and ensure health and safety conditions. It noted that G.O.I. Energy investors own a majority stake in Bazan Group, which operates Israel's largest integrated refining and petrochemical facility. No financial deta

ONGC Videsh retakes 20% stake in Sakhalin-1 oil and gas fields of Russia

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), has re-taken a 20 per cent stake in the Sakhalin-1 oil and gas fields in the far east region of Russia, an official said on Monday. Russian President Vladimir Putin in October last year disbanded Exxon Neftegaz - a regional subsidiary of US super major ExxonMobil - as operator of the Sakhalin-1 and transferred the project and all of its assets and equipment to a new operator. The other former foreign shareholders in the project - Japan's Sodeco consortium and ONGC Videsh - were asked to apply to the Russian government to regain their shareholdings in the project. OVL applied and has been given the same shareholding as it had previously, the official said. Production from Sakhalin-1 stopped in April 2022 after Exxon Neftegaz declared force majeure at the project in response to international sanctions imposed on Russia following its invasion of Ukraine. Moscow assigned the Sakhalin-1 project and

Vladimir Putin's energy gambit fizzles as warm winter saves Europe

While a cold snap or delivery disruptions could still throw energy markets into disarray, optimism is growing that Europe can now make it through this winter and next

Ukraine's frontlines witness artillery fire despite 'ceasefire' by Russia

Despite the start of Moscow's order for its forces to maintain a unilateral ceasefire from mid-day in observance of the Russian holiday, there was an exchange of fire along the frontlines of Ukraine

Russian companies barred from displaying tech products at CES 2023

The CES event started on Tuesday evening, but it officially opened on Thursday

LIVE: Families Joshimath being evacuated after houses develop cracks

Catch all the live updates from around the world here

European Union hails high natural gas storage levels despite Russian cuts

Natural gas storage levels in the European Union stand at nearly 84 per cent and were higher in December than the average amount in reserve 4-6 years ago, the EU's executive branch said Wednesday, despite Russian attempts to choke off supplies amid its war on Ukraine. Fearing winter shortages, the 27 EU countries began stocking up on gas last year. Joint gas reserve levels climbed to 82 per cent by September, well ahead of an 80 per cent target set for November. Gas consumption also dropped by 20 per cent from August to November as prices spiked. Angered by EU war-related sanctions, Russia tightened its gas taps to Europe last year. Its pipeline gas accounted for 40 per cent of all gas Europe imported before President Vladimir Putin ordered his troops into Ukraine in late February, but now it only accounts for around 9 per cent. It's a fairly good position to be in, EU commission spokesman Tim McPhie told reporters. We have a healthy level of gas storage for the start of this year,

Trade in rupee with Russia: A good start with tea, pharma, engg goods items

Such transactions kicked off a week ago and are gradually expected to pick up pace amid the government's efforts towards ironing out the teething troubles related to the implementation

'Pushpa: The Rise' raises 10 million Rubles at Russia's box office

Allu Arjun-starrer "Pushpa: The Rise" has collected over 10 million Rubles at the box office in Russia, the makers said on Monday. The Telugu blockbuster released in Russian language in 774 screens across the country on December 8, said Mythri Movie Makers on its official Twitter page. "#PushpaTheRise is a RAGE in Russia. 25 days and counting of successful run in 774 screens with a collection of over 10M Rubles," the production banner said in the tweet. Ten million Rubles amount to approximately Rs 13 crore. Also starring Rashmika Mandanna, "Pushpa: The Rise" depicts the rise of a low wage labourer (Arjun) in the smuggling syndicate of red sandalwood, a rare wood that grows only in the Seshachalam Hills of Andhra Pradesh state. It released in India in association with Muttamsetty Media on December 17, 2021 and went on to become one of the biggest money-spinners of the year earning over Rs 350 crore. The film also opened the fifth edition of the Indian Film Festival in Russia on .

China's approach to India same as Russia's to Ukraine: Rahul Gandhi

Congress leader Rahul Gandhi on Monday said China is adopting the same principle with India as Russia is with Ukraine, as it is threatening to alter India's boundaries. He also claimed that the Sino-Indian border conflict has a link with a weak economy, a confused nation without any vision, hatred, anger and the Chinese sitting in Indian territory. "Essentially, what the Russians have done in Ukraine is that they have said we do not want Ukraine to have a strong relationship with the west and they have basically told the Ukrainians that if you will have a strong relationship with the west, we will alter your geography. "That is the exact same principle that can be applied to India. What the Chinese are saying to us is that be careful with what you are doing, because we will alter your geography. We will enter Ladakh, we will enter Arunachal (Pradesh), and what I can see is them building a platform for that type of an approach," Gandhi said in a conversation with film ...

Probe into death of two Russians being conducted in open mind: Odisha DGP

As sleuths of the CID and the Crime Branch are investigating the death of two Russians, including a lawmaker of that country, Odisha DGP S K Bansal on Sunday said the probe is being conducted in an "open mind" and "no evidence of any foul play" has been found so far. Pavel Antov (65), a lawmaker in Russia, died after allegedly falling from a hotel's third floor in Rayagada on December 24, while his friend Vladimir Bidenov (61) was found dead in his room on December 22. Two separate cases of unnatural deaths were registered at the Sadar Police Station in Rayagada. There is "no evidence of any foul play so far" behind the death of the two Russians, the DGP said. Replying to a question on whether help from Interpol will be sought, the DGP said the CID-CB will seek the assistance of the International Criminal Police Organization, if needed. Bansal said senior and efficient officials of the state Criminal Investigation Department and the CB were engaged in the probe. Till now, we have

Defiant Ukrainians celebrate New Year despite missile strikes by Russia

Ukraine's Air Force command said it had destroyed 45 Iranian-made Shahed drones overnight

Zelenskyy, Putin promise victory in contradictory New Year speeches

Zelenskyy, recalling some of the most dramatic moments and victories of the war, filled his emotional 17-minute video message with footage of Russia's attacks on the country

Russia's domination over Indian crude market will continue in 2023: Experts

Sizeable discounts on Urals grade have helped evade new sanctions by western powers; fate of Russian supplies in Q1 of calendar 2023 rests on oil price movement

After death of 2 Russians, another man living in Odisha's Puri goes missing

After the mystery surrounding the deaths of two Russians, including a lawmaker, in a hotel in Odisha recently, the state police are searching for another man from the same country, a self-proclaimed anti-Ukraine war activist, who has gone missing. The Russian MP was a critic of President Vladimir Putin while the missing man, who used to stay in Puri, was also on the same page, having been sighted earlier on in Odisha's capital holding placards with anti-war and anti-Putin slogans, seeking financial assistance. About a month ago, the man was seen in the Bhubaneswar railway station holding a placard that read: I am Russian Refugee, I am against War, I am against Putin, I am Homeless, Please Help me. The photo of the man holding that placard, clicked by some passenger, has gone viral after the death of his compatriots - lawmaker and businessman Pavel Antov and his fellow traveller Vladimir Bidenov in a hotel in Rayagada district. Antov died after allegedly falling from the hotel's .

LIVE: Oppn should work in a coordinated manner for 2024, says Rahul Gandhi

Live news updates: "My main focus right now is for a united India, we should fight against hatred. My focus is only to unite India," he said.

Latest LIVE: Core sector output rises by 5.4% in November vs 3.2% YoY

Live news updates: Noting that doubling of tracks and electrification is underway at a record speed, he said that the eastern and western freight corridors will bring revolutionary changes

Russia rains down 120 missiles on Ukraine in biggest attack for weeks

Air raid sirens rang out across Ukraine on Thursday as Russia unleashed around 120 missiles in a savage barrage which targeted the capital Kyiv and several other major cities, media reports said

Russia's export of mineral fertilisers may drop by 15% this year

Russia's export of mineral fertilizers may drop by 15 per cent this year, better than a 20-per cent reduction projected in the summer, said a top official

Washington-Moscow relationship at its lowest point: Sergey Lavrov

"Undoubtedly, our relations with the European Union have deteriorated to a historic low. The reasons for this are well known," he added