Page 157 - Russia

Putin will not hold annual year-end press conference, says Kremlin

During the media gathering - a major political event in the country - Putin takes questions from the press and the public in a marathon that usually lasts several hours

Added value to Council: Russia backs India's permanent membership at UNSC

Russian Foreign Minister Sergei Lavrov has once again backed India for permanent membership at the United Nations Security Council (UNSC) stating that New Delhi has added value to the Council with its stance on global and regional issues."I think that India is currently one of the leading countries in terms of economic growth, maybe even the leader. Its population will soon be bigger than that of any other country. New Delhi has vast diplomatic experience in settling various kinds of problems, as well as authority and a reputation in its region," Lavrov said.Lavrov made these remarks while responding to media queries on at the Primakov Readings International Forum in Moscow on December 7.India plays an active role in the United Nations as well as a range of integration structures in South Asia within the Shangai Cooperation Organization (SCO), he said."India is part of a range of integration structures in South Asia within SCO & it takes an active role in United Nations. India ..

Trade settlement with Russia in rupees to start next week: Report

Five to six banks have been allowed to open Vostro accounts for rupee trade settlement and 10-11 such accounts have been opened so far

Methane from Nord Stream leakages may threaten ecosystem: Research

Research has shown that "a significant part of the methane gas that leaked from the pipelines on the bottom of the Baltic Sea did not rise into the atmosphere

Govt asks trade bodies, banks to explore more countries for trade in rupee

Having facilitated rupee trade with Russia, Mauritius and Sri Lanka, the government has asked trade bodies and banks to explore such opportunities with more nations, sources said. Indian banks have already opened special rupee vostro accounts (SRVA) with banks of these three nations, operationalising the rupee trade arrangement. Recently, SBI Mauritius Ltd and People's Bank of Sri Lanka opened an SRVA with State Bank of India (SBI). In addition, Bank of Ceylon opened an account in its Indian subsidiary in Chennai. Union Bank of India has opened special rupee account of Ros Bank Russia while Chennai-based Indian Bank has opened such accounts of three Sri Lankan banks, including Colombo-based NDB Bank and Seylan Bank. In all 18 such special rupee accounts have been opened by 11 banks, including 2 of Russia and one of Sri Lanka, following approval from the Reserve Bank of India (RBI). The RBI issued detailed guidelines on cross-border trade transactions in the domestic currency in ...

Russia offers to help India overcome western price cap on crude: Reports

Russia is said to have offered to help India overcome the oil price cap, which has been imposed by Western nations on the world's largest country

Russia welcomes India's decision to not support G7's price cap on its oil

Russia has said that it welcomes India's decision to not support the price cap on Russian oil announced by the G7 and their allies

Brittney Griner returns to US after prisoner exchange with Russia

'The US welcomes the release of Brittney Griner from detention in Russia'

Chances high for Putin's participation in G20 Summit in India: Official

'I hope that, of course, [Russia's president] will go [to the G20 Summit]. But this, in any case, is up to him to decide'

Vladimir Putin says Russia could adopt US preemptive strike concept

Russian President Vladimir Putin said on Friday that Moscow could adopt what he described as a US concept of using preemptive military strikes, noting it has the weapons to do the job, in a blunt statement amid rising Russia-NATO tensions over Ukraine. "We are just thinking about it. They weren't shy to openly talk about it during the past years, Putin said, referring to the US policy, as he attended a summit in Kyrgyzstan of a Moscow-dominated economic alliance of ex-Soviet nations. For years, the Kremlin has expressed concern about US efforts to develop the so-called Conventional Prompt Global Strike capability that envisions hitting an adversary's strategic targets with precision-guided conventional weapons anywhere in the world within one hour. Speaking about a disarming strike, maybe it's worth thinking about adopting the ideas developed by our US counterparts, their ideas of ensuring their security, Putin said with a thin smile, noting that such a preemptive strike was intende

IOC to look to allow Russian, Belarus athletes' international participation

"The OCA offered to facilitate the participation of athletes from Russia and Belarus in competitions in Asia under its authority, while respecting the sanctions in place"

TotalEnergies walks away from stake in Russian gas producer Novatek

French energy giant TotalEnergies said Friday that it will walk away from its stake in Russian natural gas producer Novatek and take a $3.7 billion loss. TotalEnergies, which has come under criticism for pursuing some of its projects in Russia amid the war in Ukraine, said Western sanctions prevent it from selling its 19.4% stake to the Russian company. It said it was withdrawing its representatives from the Novatek board, who have been abstaining from voting because of sanctions, with immediate effect." As a result, TotalEnergies will no longer account for its ownership interest in Novatek, which will lead it to record an impairment of approximately $3.7 billion in the accounts for the 4th quarter of 2022," the French company said in a statement. In line with its principles of conduct published on March 22, TotalEnergies has gradually started to withdraw from its Russian assets while ensuring that it continues to supply gas to Europe. It comes amid an energy crisis in Europe provo

PM Modi to skip annual summit with Russia's Putin over Ukraine nuke threats

It would mark only the second time the leaders of India and Russia haven't met face to face since 2000, when the relationship was elevated to a strategic partnership

Putin says Russia may cut its oil output in response to G-7 price cap

A decision on Moscow's response to EU price cap will be announced in a presidential decree within the next several days, says Putin

US basketball player Griner freed in prisoners' exchange with Russia

Russian citizen Viktor Bout was exchanged for US basketball player Brittney Griner at the Abu Dhabi airport, the Russian Foreign Ministry announced

Russia attacks in east Ukraine as President Vladimir Putin celebrates

Fighting was underway along the entire line of demarcation in the Donetsk region on Thursday, with the frontline town of Avdiivka shelled by Russian tanks on Thursday morning

IMF says low income nations need $500 bn in external financing through 2026

Low-income nations will need nearly $500 bn in external financing during 2022-26 period, IMF said, a rise of about $57 bn from a year-ago estimate due largely to spillovers from Russia-Ukraine war

India faces no immediate impact of oil tanker pileup in Turkey: Officials

Situation could change if jam in Bosphorus Strait continues as a result of sanctions on Russian seaborne crude, they say

A difficult year with worse to follow

There is a lot at stake for Russia in the ongoing Ukraine war, and it could cause a great deal of pain for the world

G-7 price ceiling on Russian oil not low enough to hit Kremlin's revenues

European officials touted the cap - negotiated last week after months of haggling among the US and its allies - as a way to starve Russia's war machine