The recent attacks have caused severe oil supply disruption for Russia, the world's second-largest oil exporter, and have come just as oil prices exceeded $100 a barrel due to the Iran war
According to Zelenskyy, Russian satellites imaged the base on March 24 and 25, suggesting they were preparing for the attack
Delhi and Moscow are deepening their energy cooperation, with both sides agreeing to prepare for Russia to resume direct sales of LNG for the first time since the start of the Ukraine war
Russian President Vladimir Putin on Thursday said no one, including the perpetrators of the Gulf conflict, can foresee its grave consequences for the world, comparable only to the Covid pandemic. Addressing the delegates of the congress of the powerful Union of Industrialists and Entrepreneurs (RSPP), the Russian leader said the escalation of the conflict incited by the joint US-Israeli attack on Iran has jeopardised a wide range of industries, and there's no telling what further consequences may follow. "The armed conflict in the Middle East is increasingly impacting the current situation and causing significant disruption to international logistics, manufacturing, and supply chains," he said. Starting February 28, the US and Israel launched joint strikes against Iran, which in turn retaliated, spreading the war to the entire Gulf region. The Strait of Hormuz is a strategically important choke point for the world's energy supplies. The strait, a narrow shipping lane that connects
Earlier this week, a Reuters report said Reliance had purchased over 5 million barrels of Iranian crude from the National Iranian Oil Company, though delivery timelines remained unclear
Transactions are being carried out by depositing Indian rupees into special overseas bank accounts held by Russian sellers which are then being converted into UAE's dirham or the Chinese yuan
Russian Foreign Minister Sergey Lavrov on Monday spoke to his Iranian counterpart Abbas Araghchi.Russian Ministry of Foreign Affairs said in a post on X, "On March 23, FMs Sergey Lavrov & Seyed Abbas Araghchi spoke over the phone. The Ministers discussed the deterioration in the Persian Gulf caused by US-Israeli aggression. They also voiced concern over the conflict's dangerous expansion into the Caspian region."Sergey Lavrov stressed the categorical unacceptability of the US-Israeli strikes on Iran's nuclear infrastructure, including the Bushehr Nuclear Power Plant, which create unacceptable risks for the safety of Russian personnel and could lead to catastrophic environmental consequences for all countries of the region without exception, an official statement said.Both Sides also expressed concern over the dangerous expansion of the conflict provoked by Washington and Tel Aviv into the Caspian region. The Russian Side emphasized the need for an immediate cessation of ...
India and Russia need to address issues such as non-tariff barriers and regulatory impediments to increase the two-way annual trade to USD 100 billion by 2030, External Affairs Minister S Jaishankar said on Monday while reaffirming New Delhi's steadfast commitment to strengthening the long-standing partnership with Moscow. "In today's evolving geo-political dynamics, our engagement continues to deepen," he said in a virtual address at a conference titled "India and Russia: Towards a new bilateral agenda". Russian Foreign Minister Sergey Lavrov lauded India's "independent foreign policy" and said that Russia looks forward to welcoming Prime Minister Narendra Modi for a visit this year. In his remarks, Jaishankar said the evolving multipolar order requires greater cooperation between India and Russia, including through BRICS, the Shanghai Cooperation Organisation (SCO), G20 and the UN. India is looking forward to closely working with Russia to address shared challenges in a "balanced
Emergency services are working to extinguish the blaze at the fuel storage tank at Primorsk, and personnel have been evacuated
Russia and Ukraine traded attacks that killed at least four people Saturday, officials said, ahead of US-Ukraine talks on ways to end Russia's invasion of its neighbour. A man and a woman were killed and six people wounded, including two children, when a Russian drone hit a house in the Ukrainian city of Zaporizhzhia, regional head Ivan Fedorov said. Russian strikes also knocked out power across much of the northern Ukrainian region of Chernihiv, according to local officials. In Russia, two women were killed and another wounded by Ukrainian shelling of the Belgorod border region, Gov. Vyacheslav Gladkov said. The attacks came ahead of US-Ukraine talks in Miami that US Special Envoy Steve Witkoff said on X were "constructive." He said the meetings, which included US President Donald Trump's son-in-law Jared Kushner, were "part of ongoing mediation efforts, with discussions focused on narrowing and resolving remaining items to move closer to a comprehensive peace agreement." Ukrainia
Israel has used its deep relationship with the United States (US) to emerge as the strongest and most advanced military power in the West Asia/Gulf region
As tensions escalate in West Asia and the Strait of Hormuz faces disruptions, global oil flows are shifting fast. India, the world’s third-largest oil consumer,
The Middle East accounts for roughly half of India's DAP and urea imports, with Saudi Arabia the largest DAP supplier and Oman the biggest urea supplier
The Reserve Bank of India (RBI) is working on providing more avenues for the usage of Indian rupee (INR) accumulated by the Russian trade counterparts, a senior official said on Thursday. The Central Bank is looking at avenues to either settle Indian rupees of Russian trade counterparts lying in India for imports or for making capital investments in India, he added. "We are working on providing various avenues for using the INR, which is accumulated here by the Russian counterparts, to use it either for settling their imports or making capital investments in India, so on and so forth," N Senthil Kumar, chief general manager in RBI's Foreign Exchange Department, said at the Russia-India forum in Mumbai. For the past few years, both countries have focused on local currencies to settle bilateral trade and reduce reliance on the US Dollar. Last year, the RBI was allowed to invest surplus balances in government securities. Kumar noted an "inertia" among stakeholders in transacting in lo
The Aqua Titan is set to arrive in New Mangalore on March 21 with its Urals cargo that it loaded from a Baltic Sea port in late January, according to ship-tracking data
Black Sea shipments drive surge in Russia's seaborne grain exports in February despite slower season-to-date volumes
Russian air defences intercepted and destroyed 250 Ukrainian drones targeting the capital over the weekend, Moscow Mayor Sergei Sobyanin said on Monday. The mayor's remarks came as some of the major airports curtailed their operations on Monday morning. "Thank you to the Ministry of Defence's Air Defence System for your professional and dedicated work," Sobyanin wrote in a social media post, noting that about 250 fixed-wing drones, directly approaching the capital or on the second line of defence, were shot down. A massive Ukrainian drone attack on the city began on March 14. A total of 159 unmanned aerial vehicles were shot down while approaching the capital. It also led to major airports restricting operations on Monday. "Due to air safety concerns, the capital's Domodedovo and Zhukovsky airports are currently accepting and dispatching aircraft in coordination with the relevant authorities," the Moskva 24 channel said. It advised passengers to check their airports' online time
Russia on Saturday shot down 16 Ukrainian drones heading to attack Moscow, officials said. In a social media post, Moscow Mayor Sergei Sobyanin said first responders have reached the sites where the debris of the drones fell. He said 16 Ukrainian drones were shot down as they were heading towards Moscow. The mayor, however, did not give any details of damage or casualties on the ground. According to Moskva 24 TV channel, three of the four local airports, Vnukovo, Domodedovo and Zhukovsky, located in the capital, had suspended their operations for several hours, disrupting air traffic. As part of preparedness against drone attacks, Moscow city and the capital region have been selectively switching off mobile internet, and people have been advised to use applications available offline. Maxim Korkin, the regional official in charge of Transport and Information technology, cautioned residents of the Moscow region about possible "temporary difficulties with mobile communications and .
A Greek-flagged oil tanker was damaged in a suspected drone attack in the Black Sea while approaching the Russian port of Novorossiysk, authorities said. Greece's shipping ministry said the attack occurred early Saturday, causing material damage, but the 24 crew members were unharmed and the vessel's seaworthiness was not under threat. The Maran Homer, chartered by US oil giant Chevron, was travelling from Thessaloniki in northern Greece to the Black Sea port and was due to sail on to Istanbul. It was struck by a missile or drone before picking up Kazakh oil, according to Greek government officials and the vessel's Greek operating company. Greek Maritime Affairs Minister Vassilis Kikilias said Athens would lodge a "strong complaint" with the country deemed responsible, without giving further details. He later identified Ukraine as carrying out frequent attacks in the Black Sea. "I consider the targeting of vessels flying the Greek flag - as well as those with Greek sailors and Gre
Many foreign websites were blocked Friday on mobile phones in central Moscow under restrictions that have gripped the Russian capital for more than a week, derailing the routine of millions of residents and slamming businesses that rely on cellphone internet. Russian authorities have said the restrictions are part of security measures to fend off Ukrainian drone attacks, but many industry experts suspect they are part of preparations by the authorities to block Russians' access to the global web if the Kremlin decides to do so. The intermittent shutdowns, which had previously been recorded in dozens of Russia's regions for months, have prompted some Moscow residents to turn to long-forgotten gadgets like walkie talkies, pagers and media players. The shutdowns are part of multipronged efforts by the authorities to rein in the internet. They have adopted restrictive laws and banned websites and platforms that don't comply. Technology also has been perfected to monitor and manipulate .