Page 25 - Russia

US sanctions on Russian oil to hit Reliance; PSUs may keep buying

US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now. Industry sources said public-sector units are assessing compliance risks but are unlikely to halt Russian crude flows immediately as they buy almost all of their needs from traders, mostly European (who are out of the sanctions net). Billionaire Mukesh Ambani's Reliance Industries Ltd - India's largest buyer of Russian crude, accounting for roughly half of the country's 1.7 million barrels per day of imports from Moscow - may however have to recalibrate its imports as it buys crude oil directly from Russia's Rosneft, they said. Reliance had in December 2024 signed a term deal with Russia's Rosneft - now sanctioned - to import as much as 500,000 barrels per day of Russian oil for 25 years. It also buys oil from intermediaries. The company did not immediately respond to

Belgium urges EU partners to share risk of using frozen Russian assets

Belgian Prime Minister Bart De Wever insisted on Thursday that his European partners must share the risk of using billions of dollars in frozen Russian assets that are held in his country to help keep Ukraine's economy and war effort afloat in the coming years. Ukraine's budget and military needs for 2026 and 2027 are estimated to total around USD 153 billion, and the European Union's executive branch has been developing a plan to use Russia's frozen assets as collateral to drum up funds. The biggest tranche of those assets some USD 225 billion worth is held in Belgium, and the Belgian government is wary of using the money without firm guarantees from other EU countries. If we want to give them to Ukraine, we have to do it all together, De Wever told reporters as he arrived for a summit with his EU counterparts in Brussels. If not, Russian retaliation might only hit Belgium. That's not very reasonable. We are a small country, and retaliation can be very hard. They might confiscat

India's Russian oil imports may dry up as US sanctions hit Rosneft, Lukoil

Latest sanctions will mean that orders due to be placed over the coming week - for crude that will load in November and deliver in December - will now be overwhelmingly from other destinations

Trump denies report of US approval for Ukraine's strikes inside Russia

The Wall Street Journal reported that the Trump administration had removed a key restriction on Ukraine's use of certain long-range missiles supplied by Western allies

US imposes new sanctions on Russia's top oil firms Rosneft and Lukoil

Treasury Secretary Scott Bessent announced new sanctions Wednesday against Russia's two biggest oil companies and blasted Moscow's refusal to end its senseless war as U.S.-led efforts to end the war floundered and the Ukrainian president sought more foreign military help. The sanctions against Rosneft and Lukoil, as well as dozens of subsidiaries, followed months of bipartisan pressure on President Donald Trump to hit Russia with harder sanctions on its oil industry. Now is the time to stop the killing and for an immediate ceasefire, Bessent said in a statement. Given Russian President Vladimir Putin's refusal to end this senseless war, Treasury is sanctioning Russia's two largest oil companies that fund the Kremlin's war machine. Bessent said the Treasury Department was prepared to take further action if necessary to support Trump's effort to end the war. We encourage our allies to join us in and adhere to these sanctions. Bessent made the comments as NATO Secretary General Mark .

'A good compromise': Zelenskyy backs Trump's proposal to freeze war lines

Ukrainian President Volodymyr Zelenskyy supports Trump's idea to freeze current war lines, but doubts Russian President Vladimir Putin will agree

LIVE news updates: Belgian court rejects Mehul Choksi's plea against extradition

Latest news updates: Catch all the latest news developments here

At least 6 dead in massive Russian drone, missile attack on Ukraine

Russia launched a massive drone and missile attack on Ukraine's capital on Wednesday, killing at least two people, Ukrainian officials said. Emergency services rescued 10 people after a fire caused by drone debris hit the sixth floor of a 16-story residential building in the Dnipro district of the capital. Kyiv, where two people were found dead, local authorities reported. The attack also blew out windows of a medical facility and debris was found at another residential building, Kyiv mayor Vitali Klitschko reported on his Telegram channel. In the Darnytskyi district of the capital emergency services were responding after drone debris hit a 17-story residential building causing a fire on five floors. Fifteen people had to be rescued including two children. In the Desnianskyi district, 20 people were rescued after the faade of a 10-story building was damaged and a gas pipe caught fire. Debris from a drone also fell on a dormitory building and rescue workers were headed to the scene

Trump puts meeting with Putin on hold, says it would be 'waste of time'

President Donald Trump said on Tuesday his plan for a swift meeting with Russian leader Vladimir Putin was on hold because he did not want it to be a waste of time. It was the latest twist in Trump's stop-and-go effort to resolve the war in Ukraine. The decision to hold off on the meeting in Budapest, Hungary, which Trump had announced last week, was made following a call on Monday between Secretary of State Marco Rubio and Russian Foreign Minister Sergey Lavrov. I don't want to have a wasted meeting, Trump said. I don't want to have a waste of time -- so we'll see what happens. Lavrov made clear in public comments on Tuesday that Russia is opposed to an immediate ceasefire. Trump, meanwhile, has been shifting his stance all year on key issues in the war, including whether a ceasefire should come before longer-term peace talks, and whether Ukraine could win back land seized by Russia during almost four years of fighting. Trump's hesitancy in meeting Putin will likely come as a reli

Russia says its terms for Ukraine peace unchanged since August summit

Lavrov said that the place and the timing of the next Trump-Putin summit was less important than the substance of implementing the understandings reached in Anchorage, Alaska

Trump vows to keep massive tariffs on India until Russian oil imports cease

"I spoke with Prime Minister Modi of India, and he said he's not going to be doing the Russian oil thing," Trump told reporters aboard Air Force One

Russia continues oil shipments to India, TASS cites foreign ministry

Trump reiterated that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying "massive" tariffs if it did not do so

'Putin said he'll destroy you': Trump asks Zelenskyy to accept war terms

In a tense White House meeting, Donald Trump reportedly asked Ukrainian President Volodymyr Zelenskyy to accept Russia's terms to end the war, warning of severe consequences if he refused

Dark ship appears to transfer US sanctioned Russian LNG off Malaysia

The Perle, which was sanctioned by the US earlier this year, is currently anchored parallel to another vessel approximately 90 kilometers (55 miles) east of the Malaysian peninsula

Putin demands control of key Ukraine region in return for peace: Report

Putin's focus on Donetsk suggests he is not backing away from past demands that have left the conflict in a stalemate, despite Trump's optimism about securing a deal

Equal & uninterrupted: Russian envoy hails mutually beneficial India-Russia ties

Russian Ambassador to India Denis Alipov on Thursday said that India’s choices regarding oil imports are based on its national interests, and that Russia’s partnership with India

Putin speaks on oil, gas, coal and nuclear at Russian Energy Week

Russia maintains its position as a leading oil producer, despite unfair competition being used against us, Putin said

Trump's big claim on Russian Oil: What the numbers say | Trump tariffs | India-Russia

In a new twist to the ongoing Ukraine-Russia war diplomacy, US President Donald Trump has claimed that PM Modi has assured him that India will stop importing Russian oil.

UK slaps 90 sanctions on Russian firms, Nayara Energy to curb Kremlin funds

The UK government has imposed sanctions to cut Russian oil revenues, targeting Putin's war funding and aiming to block money flowing to the Kremlin

Russia makes more precision drones to attack Ukraine's vital rail network

When Russian drones smashed into the Shostka train station in northeastern Ukraine earlier this month, they killed a 71-year-old man, injured at least eight people and left train cars buckled by fire and riddled with shrapnel holes. It was one of the latest examples of what Ukrainian officials say has been a surge since mid-summer in attacks on railways, a critical artery for commercial and military logistics. They are part of Russia's broader targeting of infrastructure that now is being carried out with greater precision thanks to advances in long-range drone technology that include onboard video feed. In the attack in Shostka, less than 70 km from the Russian border, two explosives-laden drones struck two commuter trains in quick succession. Russia has stepped up railway attacks over the past three months, seeking to sow unrest in Ukrainian regions it borders by depriving people there of rail connections, Oleksandr Pertsovskyi, the CEO of the Ukrainian state railway, told The ..