Page 158 - Russia

LTA fined $1 million by ATP over ban of Russian players from summer events

The Lawn Tennis Association was fined $1 million by the ATP men's professional tour on Wednesday for banning players from Russia and Belarus from its grass-court events this summer. The governing body of British tennis banned the players from five Wimbledon warm-up tournaments following Russia's invasion of Ukraine. The ATP, which oversees men's tennis outside of the Grand Slams, also warned the LTA it could lose its membership in the organization if it repeats the ban. We stand by our original position on this matter, that unilateral decision-making by members of the ATP Tour threatens our ability to operate as a global sport," the ATP said in a statement. "We believe that the measures taken protect the long-term future of our game and its commitment to merit-based participation, without discrimination, for individual athletes. We have no further comment. The LTA said it deeply disappointed with the tour's action. The ATP, in its finding, has shown no recognition of the exceptio

European Commission proposes additional sanctions on Russia, 9th since war

European Commission has proposed to impose sanctions against 200 additional individuals and entities, including the Russian armed forces

What we have learned three days into the price cap on Russian oil

The unprecedented move by one set of countries to try to impose a price at which another can sell a commodity has drawn confusion among traders, and - from Moscow - a threat of retaliation

Sensible to get best deal in interest of people: Jaishankar on oil imports

The government does not ask Indian companies to buy oil from Russia but it is a sensible policy to get the best deal in the interest of Indian people, External Affairs Minister S Jaishankar said in Rajya Sabha on Wednesday. Responding to questions from members in the Upper House, the minister said it is his duty to put the interest of the Indian people first to ensure that they do not pay the cost of some other countries' actions or some other region's actions for fertilizer, food, etc. "We do not ask our companies to buy Russian oil. We ask our companies to buy oil what is the best option that they can get. Now it depends on what the market throws up. "If tomorrow the market gives us more competitive options. Again, please do understand. It's not just that we buy oil from one country. We buy oil from multiple sources, but it is a sensible policy to go where we get the best deal in the interest of the Indian people and that is exactly what we are trying to do," Jaishankar said.

Commerce ministry shares Russia's list of goods for imports with exporters

The commerce ministry has shared with exporters a list of hundreds of goods such as auto parts and textile that Russia has provided to India for imports, an official said. Russia, on which sanctions have been imposed by western countries due to its invasion of Ukraine, has shared a list of hundreds of items from sectors including pharmaceuticals, textiles, auto components, and chemicals. "Russia wants to import these goods from India. The list has been shared by the ministry with the concerned export promotion councils and exporters to look into whether they can ship those products to Russia," the official said. According to industry experts, it would not be easy for Indian exporters to ship these goods to Russia as they are facing problems with regard to availability of containers for Russia. "Indian exporters may be in a position to supply these materials but currently the availability of ships and containers for Russia is quite depleted. There are very limited agencies which are

Russian G20 Sherpa praises India for 'women-led development' as priority

Russian G20 Sherpa Svetlana Lukash lauded India and Indian Sherpa Amitabh Kant for putting 'Women-led development' as one of the group's key priorities.Taking to Twitter, Lukash said, "Grateful to #G20India and @amitabhk87 for putting 'Women-led development' as one of the key priorities of G20. Women are catalysers of positive transformations!"The first G20 Sherpa meeting under India's Presidency kicked off in Udaipur on Tuesday where Lukash said that digital transformation and innovations are key drivers of growth and development. She further said, "Hence proposed by #G20India as cross-cutting topics at all the G20 working tracks."In a series of tweets, Lukash said, "So inspired by meeting with highly professional and charming experts of #G20India Team! G20 is destined to success with their committed hearts and creative minds!""Frank discussions of #G20 Sherpas are key to sustaining the G20 live, efficient & result-oriented," she added.Earlier, India's G20 Sherpa Amitabh Kant, .

Russia considers oil price floor in response to cap imposed by G7: Report

Moscow is considering either imposing a fixed price for the nation's barrels, or stipulating maximum discounts to international benchmarks at which they can be sold

Fire breaks out at Russia's airport, a day after drone strikes on bases

A fire broke out early Tuesday at an airport in Russia's southern Kursk region, which borders Ukraine, the regional governor reported, blaming a drone attack. The fire occurred the day after Moscow blamed Kyiv for drone strikes on two air bases deep inside Russia and launched another wave of missile strikes on Ukrainian territory. As a result of a drone attack, an oil reservoir caught on fire in the area of Kursk airport. The fire is being contained. All emergency services are working on the spot, Kursk Governor Roman Starovoy said in a Telegram post. Ukrainian officials have not formally confirmed carrying out the attacks. The unprecedented attacks in Russia threatened a major escalation of the nine-month war. One of the airfields that was hit houses bombers capable of carrying nuclear weapons. The attacks showed the vulnerability of some of Russia's most strategic military sites, raising questions about the effectiveness of their air defenses if drones could come so close to ...

Power system functioning despite Russian strikes, says Ukraine PM

Ukraine's power system is functioning and remains intact despite Russia's latest missile attacks on the energy facilities, Ukrainian Prime Minister Denys Shmyhal said

US 'containing' others, world should be multi-polar: Russian leader

The world should be multi-polar, but the US attempts to restrain the development of other countries to maintain its hegemony, said Vyacheslav Volodin, Chairman of the Russian State Duma

Europe's new tranche of sanctions on Russian oil kick in: What changes?

Russia has consistently said it won't sell oil to countries that participate in the price cap

MEA Jaishankar strongly defends India's import of crude oil from Russia

India on Monday stoutly defended its import of crude oil from Russia amid the Ukraine conflict with External Affairs Minister S Jaishankar asserting that New Delhi's procurement was just one-sixth of the European purchase in last nine months, in comments that came as a G7 price cap on Russian crude at USD 60 a barrel came into effect. At a media briefing after holding wide-ranging talks with visiting German foreign minister Annalena Baerbock, Jaishankar also noted that Europe can't make choices to prioritise its energy needs while asking New Delhi to do something else, asserting that discussions between India and Russia to expand the trade basket started much before beginning of the Ukraine conflict. The two foreign ministers also inked a bilateral mobility pact that will make it easier for people to study and work in each other's country even as the two sides vowed to ramp up cooperation in areas of defence and security, trade, climate change and clean energy. In the joint presser,

Russian media reported unexplained blasts at 2 military air bases

Explosions rocked two air bases in Russia on Monday, Russian media reported. One of the explosions reportedly happened at a base that houses nuclear-capable strategic bombers that have been involved in launching strikes against Ukraine. Neither Ukrainian nor Russian authorities immediately commented on the possible cause of the blasts. Russian state RIA Novosti news agency said three servicemen were killed and six others injured, and a plane was damaged, early Monday when a fuel truck exploded at an air base in Ryazan, in western Russia. The base houses long-range flight tankers that serve to refuel bombers in the air. Separately, authorities in the Saratov region along the Volga River said they were checking reports about an explosion in the area of the Engels air base, which houses Tu-95 and Tu-160 strategic bombers that have been involved in launching strikes on Ukraine. Those bombers are capable of carrying nuclear weapons. Saratov regional governor Roman Busargin said there wa

Want to go after Russian sanctions' evaders: EU chief prosecutor Kovesi

The bloc has so far frozen about €18.9 billion of assets belonging to sanctioned Russian individuals and entities since Vladimir Putin's February invasion of Ukraine

Crude one-upmanship: G7 oil price cap on Russia turns on the US tap

The US shipped a record 450,000 barrels/day to India in November

Google terminates thousand of YouTube channels in China, Russia, Brazil

Google has purged thousands of YouTube channels in China, Russia and Brazil as part of its investigation into coordinated influence operations

Russia rejects $60-a-barrel price cap on its oil, warns of cutoffs

Russian authorities rejected a price cap on the country's oil set by Ukraine's Western supporters and threatened Saturday to stop supplying the nations that endorsed it. Australia, Britain, Canada, Japan, the United States and the 27-nation European Union agreed Friday to cap what they would pay for Russian oil at $60-per-barrel. The limit is set to take effect Monday, along with an EU embargo on Russian oil shipped by sea. Kremlin spokesman Dmitry Peskov said Russia needed to analyze the situation before deciding on a specific response but that it would not accept the price ceiling. Russia's permanent representative to international organizations in Vienna, Mikhail Ulyanov, warned that the cap's European backers would come to rue their decision. From this year, Europe will live without Russian oil," Ulyanov tweeted. "Moscow has already made it clear that it will not supply oil to those countries that support anti-market price caps. Wait, very soon the EU will accuse Russia of using

European Union plans to criminalise violation of sanctions against Russia

It aims to establish "common basic standards" for penalties, the Commission said in statement

India to continue buying oil from all countries including Russia: Official

India will continue to buy crude oil from anywhere in the world, including Russia, to meet its energy needs, a top official said ahead of EU restrictions on Russian oil kicking in. The executive body of the European Union has asked its 27-member countries to cap the price of Russian oil at USD 60 as part of the West's attempt to squeeze Moscow's oil revenues and limit its ability to wage war in Ukraine while keeping global prices and supplies steady. "Unlike Iran and Venezuela, there are no sanctions on buying oil from Russia. So anyone who can arrange for shipping, insurance and financing outside of the EU can buy oil," the official said. The price caps are part of the EU's plan to use its clout in insurance and shipping industries to crimp Moscow. "We will continue to buy oil from anywhere in the world including Russia," he said. Under the price-cap system that kick-in from December 5, companies shipping Russian oil outside of Europe would only be able to access EU insurance and

Putin fell down the stairs at his home and soiled himself amid health woes

Vladimir Putin has fallen down the stairs at his official residence and soiled himself while continuing to suffer from cancer