Page 166 - Russia

India-Russia JV hopes for $5 bn in supersonic missile exports by 2025

The joint venture, with a 50.5% Indian and 49.5% Russian partnership, fits into PM Modi's flagship make-in-India programme

ONGC Videsh making a proposal to retake 20% stake in Russia's Sakhalin-1

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), is making a proposal to retake 20 per cent stake in Russia's Sakhalin-1 oil and gas project in the far east, sources said. Russian President Vladimir Putin earlier this month disbanded Exxon Neftegaz - a regional subsidiary of US supermajor 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 - have to apply to the Russian government to regain their shareholdings in the project. OVL is in the process of applying to regain the 20 per cent stake it held in the project, three sources aware of the matter said. "We want to retain the shareholding and will do all that the local law requires us to do," a source said. Sakhalin-1 is OVL's cash cow and without the project, the company will be a loss-making entity, another source ...

Russian warplane crashes into residential area near Sea of Azov, killing 13

A Russian warplane crashed into a residential area in a Russian city on the Sea of Azov after suffering engine failure, leaving at least four people dead, three of whom died when they jumped from upper floors of a nine-storey apartment building to escape a massive blaze. A Su-34 bomber came down in the port city of Yeysk after one of its engines caught fire during takeoff for a training mission on Monday, the Russian Defence Ministry said. It said both crew members bailed out safely, but the plane crashed into a residential area, causing a fire as tons of fuel exploded on impact. Authorities said at least four residents were killed, six were missing and 25 others were injured, including eight people who were in grave condition. Vice governor of the region, Anna Menkova, said three of the four victims died when they jumped from the upper floors of the building in a desperate attempt to escape the flames, according to the RIA-Novosti news agency. The authorities reserved emergency ro

Attack of the Kamikaze drones: Russia's Iranian wildcard in Ukraine war

The drones loiter and then hit a target precisely, reducing the risk to ground troops

Russia releases 108 captive Ukrainian women in latest prison exchange

Russia has released 108 Ukrainian women as part of the latest prisoner exchange between the two warring countries, authorities in Kyiv confirmed

Putin's war escalation in Ukraine is hastening demographic crash for Russia

Plans by Putin's government had set the goal of starting to reverse the decline in the population in 2022 before growth should resume in 2030

ONGC eyes stake in Russian entity managing Sakhalin 1, says report

India's Oil and Natural Gas Corp plans to take a stake in the new Russian entity that will manage the Sakhalin 1 project in the far east

Ukraine War: What are Kamikaze drones deployed by the Russian military?

As Russia has unleashed a wave of Kamikaze drones on Ukraine for the second time, let's understand what is this weapon and how does it work

Multiple explosions rock Kyiv as Ukraine reports 'Kamikaze' drone attacks

Ukraine's capital city Kyiv was rocked by multiple explosions early on Monday in an attack by "Kamikaze" drones, an Ukrainian official said.Andriy Yermak, head of the presidential office of Ukraine, said kamikaze drones were attacking the city."The Russians think it will help them, but these actions look like desperation," Yermak said in a statement, blaming Russia for the attack, CNN reported.Several residential buildings were damaged in the attack.In a Telegram message, Kyiv Mayor Vitali Klitschko said the "drone attack" caused a "fire in a non-residential building."Kyiv says Moscow has used Iranian-supplied drones in the strikes against Kyiv, Vinnytsia, Odesa, Zaporizhzhia and other cities across Ukraine in recent weeks, and pleaded with Western countries to step up their assistance in the face of the new challenge, CNN reported.At least three explosions were heard in the Ukrainian capital at around 6:45 a.m. local time on Monday as a result of apparent Russian strikes, according ..

Russia military range shooting leaves 11 dead, 15 wounded near Ukraine

The Russian Defense Ministry said that two volunteer soldiers fired at other troops at a Russian military firing range near Ukraine, killing 11 and wounding 15 others, before getting killed. The ministry said in a statement that the shooting took place in the Belgorod region in southwestern Russia that borders Ukraine. It said that the two volunteers from an unnamed ex-Soviet nation fired on other soldiers during target practice and were killed by return fire. The ministry called the incident a terrorist attack.

Russia trying to kill Starlink internet services in Ukraine: Musk

Tesla and SpaceX CEO Elon Musk said that his Starlink is the only internet service left in Ukraine, and Russia is actively trying to kill it too

Uzbekistan relocating 2,000 Indian medical students from war-torn Ukraine

Uzbekistan is providing 2,000 seats in its medical colleges for Indian students who had to discontinue their medical education in war-hit Ukraine, its envoy to India said

Turkey, Russia to study Russian President Putin's gas hub proposal

Turkish President Recep Tayyip Erdogan says Turkey and Russia have instructed their respective energy authorities to immediately begin technical studies on a Russian proposal that would turn Turkey into a gas hub for Europe. Russian President Vladimir Putin has floated the idea of exporting more gas through the Turk Stream gas pipeline running beneath the Black Sea to Turkey after gas deliveries to Germany through the Baltic Sea's Nord Stream pipeline were halted. Erdogan said Russian and Turkish energy authorities would work together to designate the best location for a gas distribution center, adding that Turkey's Thrace region, bordering Greece and Bulgaria appeared to be the best spot. Together with Mr. Putin, we have instructed our Ministry of Energy and Natural Resources and the relevant institution on the Russian side to work together, Erdogan said. They will conduct this study. Wherever the most appropriate place is, we will hopefully establish this distribution center there

Won't recognise Nord Stream probe if domestic experts excluded: Russia

Without the participation of Russian experts, Moscow won't recognise any results of investigation into leaks on the Nord Stream pipelines, the Russian Foreign Ministry said

Russia warns of World War 3 if Ukraine joins Nato military alliance

If Ukraine is admitted into the US-led NATO military alliance, then the conflict in Ukraine would be guaranteed to escalate into World War Three, a Russian Security Council official said

NATO chief Stoltenberg warns Russia not to cross 'very important line'

Russian President Vladimir Putin would be crossing a very important line if he were to order the use of nuclear weapons in Ukraine, NATO Secretary-General Jens Stoltenberg warned Thursday, with the military alliance and Russia both due to hold nuclear exercises in coming days. NATO is holding its exercise, dubbed Steadfast Noon, next week. The long-planned maneuvers are conducted around the same time every year and run for about one week. They involve fighter jets capable of carrying nuclear warheads, but do not involve any live bombs. Russia usually holds its own maneuvers around the same time, and NATO is expecting Moscow's exercise of its nuclear forces sometime this month. Stoltenberg said NATO will closely monitor what Russia is up to. Asked what NATO would do if Russia launched a nuclear attack, Stoltenberg said: We will not go into exactly how we will respond, but of course this will fundamentally change the nature of the conflict. It will mean that a very important line has

Capital cost may rise as drivers of equities reverse: Report

Three decades have been benign for global equities, but that time is now changing

IKEA lets around 10,000 staff go in Russia as it exits the country: Report

IKEA, the world's biggest furniture brand, shut down its Russian stores in March and said it would sell factories, close offices and reduce its 15,000-strong workforce in Russia

Nato holds nuclear talks amid war tensions, Russian President Putin threats

NATO's secretive Nuclear Planning Group met Thursday as the military alliance presses ahead with plans to hold a nuclear exercise next week as concerns deepen over President Vladimir Putin's insistence that he will use any means necessary to defend Russian territory. Defense ministers led the session, which usually happens once or twice a year, at NATO headquarters in Brussels. It comes against a backdrop of high tension as some NATO allies, led by the U.S., supply Ukraine with advanced weapons and munitions to defend itself against Russian aerial attacks. NATO is keeping a wary eye on Russia's movements, but has so far seen no change in its nuclear posture. But additional uncertainty comes from the fact that Russia is also due to hold its own nuclear exercises soon, possibly at the same time as NATO or just after, according to NATO diplomats. That could complicate the 30-country military organisation's reading of the war and of Moscow's intentions. Russia will also be conducting

UN principles must be upheld: India after abstaining on UNGA vote on Russia

After abstaining from the UNGA resolution condemning Russia, India expressed deep concern at the escalation of the conflict in Ukraine, including the targeting of civilians