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The bitter feud over the pipeline pitted Hungary’s nationalist premier Viktor Orban against Ukrainian President Volodymyr Zelenskyy, stalling the vitally needed funds for Kyiv. File | Photo Credit: AP The EU on Wednesday (April 22, 2026) gave the green light to unblock a €90 billion ($106 billion) loan for Kyiv, after the deadlock was broken…
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U.S. Secretary of the Treasury Scott Bessent. File | Photo Credit: AP The U.S. Treasury Department is issuing a “ temporary 30-day waiver to allow Indian refiners to purchase Russian oil”, according to U.S. Treasury Secretary Scott Bessent. President Trump’s energy agenda has resulted in oil and gas production reaching the highest levels ever recorded….
The Russian government have said they haven’t received any information from India indicating that they plan to stop buying Russian oil, after US President Donald Trump claimed India agreed to do so as part of a trade deal with Washington. “So far, we haven’t heard any statements from New Delhi on this matter,” Kremlin spokesman Dmitry Peskov told reporters on Tuesday. Trump on Monday…
Read More “Russia Says India Hasn’t Confirmed Halting Oil Purchases Amid Trade Deal” »
It is not clear if Reliance will continue to buy Russian oil beyond March. File | Photo Credit: Reuters Reliance Industries Ltd, operator of the world’s largest refining complex, is set to receive sanctions-compliant Russian oil in February and March after a one-month pause, four sources familiar with the matter said. Reliance last received Russian…
Read More “Reliance to buy sanctions-compliant Russian oil in February and March, sources say” »
The Nifty, Sensex ended the session lower due to renewed concerns over potential U.S. tariff hikes amid widespread selling pressure in global markets. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty fell sharply by nearly 1% on Thursday (January 8, 2026), continuing their weak momentum for the fourth straight session, due to…
President Donald Trump. File | Photo Credit: AP U.S. President Donald Trump reiterated that India will not be buying oil from Russia, saying that New Delhi has already “de-escalated” and “more or less stopped” its oil purchases from Moscow. While speaking to the media during a bilateral lunch with the President of Ukraine, Volodymyr Zelenskyy,…
Read More “India will not be buying oil from Russia: Trump reiterates” »
U.S. President Donald Trump. File | Photo Credit: Getty Images via AFP U.S. President Donald Trump said on Sunday (September 7, 2025) he is ready to move to a second phase of sanctioning Russia, the closest he has come to suggesting he is on the verge of ramping up sanctions against Moscow or its oil…
Read More “Trump ready for ‘phase two’ of Russia sanctions over Ukraine conflict” »
Watch: Trump sanctions on India aimed at bringing Russia-Ukraine war to an end: White House Source link
India’s purchase of Russian oil has risen to 2 million barrels per day (bpd) in August, as refiners continue to prioritise economic considerations in their sourcing decisions. As much as 38% out of an estimated 5.2 million barrels per day of crude oil imported in the first half of August came from Russia, according to…
Read More “India buys 2 million bpd Russian oil in August” »
FILE PHOTO: An aerial view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. Picture taken with a drone. REUTERS/Tatiana Meel/File Photo | Photo Credit: Reuters Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S….
Read More “China, India seek new supplies as U.S. sanctions tighten grip on Russian oil” »