India, the world’s third-largest oil importer, will only purchase Russian crude if it is supplied by companies and ships not sanctioned by the U.S., Oil Secretary Pankaj Jain said.
Western sanctions on Moscow have disrupted global oil trade, forcing buyers of discounted Russian crude to navigate compliance challenges. Jain emphasized that ensuring compliance is the supplier’s responsibility.
India has become the largest buyer of Russian seaborne oil since Western sanctions curbed purchases in response to Russia’s 2022 attack on Ukraine. While India follows UN sanctions rather than those from individual countries, concerns over secondary U.S. sanctions complicate transactions due to Indian banks' and firms’ exposure to the U.S. financial system.
Recent U.S. sanctions targeting Russia’s oil supply chain have impacted Indian refiners, raising tanker freight costs as some buyers and ports avoid sanctioned vessels. Indian refiners have made it clear they will not accept cargo linked to sanctioned entities.
“We won’t take risks. Sellers must ensure clean logistics,” said an Indian refining official.
At the India Energy Week conference, Indian companies met with Russian delegates, including Novatek and Sber Bank, to explore potential energy collaborations.
Germany’s Defense Minister Boris Pistorius has criticized the U.S. administration for making early concessions to Russian President Vladimir Putin ahead of potential Ukraine peace negotiations.
Russia may be forced to scale back oil production in the coming months as U.S. sanctions limit tanker access and Ukrainian drone attacks damage key refineries, industry sources say.
Sudan has reached an agreement with Russia to establish a naval base, Foreign Minister Ali Yusef Sharif announced in Moscow. The deal follows years of discussions and comes as Russia strengthens ties in the region.
Russia has released American schoolteacher Marc Fogel, who had been detained since 2021, following an unannounced diplomatic visit to Moscow by U.S. special envoy Steve Witkoff. President Donald Trump confirmed Fogel’s release, describing it as a goodwill gesture from Russia.
Ankara and Jakarta have strengthened their "strategic partnership" on Wednesday by signing 13 bilateral agreements to mark 75-year anniversary of diplomatic relations.
Thousands of Belgians took to the streets on Thursday to protest the new government’s proposed pension reforms, kicking off a multi-day strike that brought the country’s air traffic to a standstill.
China has condemned the U.S. decision to reinstate and increase tariffs on steel and aluminum imports, calling it a unilateral and protectionist move.
Germany’s Defense Minister Boris Pistorius has criticized the U.S. administration for making early concessions to Russian President Vladimir Putin ahead of potential Ukraine peace negotiations.
The Sarandí stream in Buenos Aires, Argentina, turned bright red on Thursday for unknown reasons, raising concerns among authorities and residents. The waterway, which flows into the Río de la Plata, is under investigation to determine the cause.
Uzbekistan’s flag carrier has announced airline’s plan to purchase a dozen of aircrafts from Boeing and Airbus, marking a significant milestone in upgrading and expanding its fleet.
Elon Musk has called for the shutdown of Radio Free Europe/Radio Liberty (RFE/RL) and Voice of America (VOA), arguing that the U.S.-funded media outlets serve as government propaganda tools and waste taxpayer money.
Apple is reportedly working on a version of AirPods Pro with integrated cameras, set to launch as early as 2027, according to Bloomberg’s Mark Gurman. While the cameras won’t be featured in the upcoming AirPods Pro 3, the new tech aims to enhance AI-driven features and spatial audio integration.
Public sector strikes are causing major disruptions across Germany, including halted public transport in Frankfurt, as workers demand higher pay and better conditions.
Thousands of Belgians took to the streets on Thursday to protest the new government’s proposed pension reforms, kicking off a multi-day strike that brought the country’s air traffic to a standstill.
China has condemned the U.S. decision to reinstate and increase tariffs on steel and aluminum imports, calling it a unilateral and protectionist move.
Germany’s Defense Minister Boris Pistorius has criticized the U.S. administration for making early concessions to Russian President Vladimir Putin ahead of potential Ukraine peace negotiations.
Ukrainian President Volodymyr Zelensky has imposed sanctions against the country's former president Petro Poroshenko and several other individuals.
Ankara and Jakarta have strengthened their "strategic partnership" on Wednesday by signing 13 bilateral agreements to mark 75-year anniversary of diplomatic relations.
Thousands of Belgians took to the streets on Thursday to protest the new government’s proposed pension reforms, kicking off a multi-day strike that brought the country’s air traffic to a standstill.
China has condemned the U.S. decision to reinstate and increase tariffs on steel and aluminum imports, calling it a unilateral and protectionist move.
Germany’s Defense Minister Boris Pistorius has criticized the U.S. administration for making early concessions to Russian President Vladimir Putin ahead of potential Ukraine peace negotiations.
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