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.
Iran's top joint military command, Khatam al-Anbiya Central Headquarters, has said that the Strait of Hormuz is closed to ships again, citing a...
Bolivian President Rodrigo Paz has declared a state of emergency, authorising the military to clear roadblocks that have paralysed the economy for 50 ...
ISIS has claimed responsibility for killing two Syrian soldiers in the northern provine of Aleppo, in a statement on the group's Telegram channel. ...
A 46-year-old Italian tourist has died after a major fire tore through a beachfront hotel in the Dominican Republic, forcing the evacuation of nearly ...
Ukranian President Volodymyr Zelenskyy has warned of an impending massive Russian attack on Ukraine. It comes days after Kyiv carried out a major aeri...
Ukranian President Volodymyr Zelenskyy has warned of an impending massive Russian attack on Ukraine. It comes days after Kyiv carried out a major aeriel assault on Russia, including striking an oil refinery just 16km (10 miles) from the Kremlin in Moscow, sparking a major fire and killing four.
Wildfires in Russia’s Krasnoyarsk region have grown significantly, with the affected area increasing by more than 6,000 hectares in just 24 hours to reach over 133,500 hectares, according to regional authorities.
Russia is seeking to expand cooperation with Central Asian countries in the exploration, extraction and processing of rare earth metals, underlining the region's growing importance in the global race for critical raw materials.
Russia says it is willing to engage in dialogue with European countries but will not accept pressure or ultimatums, as tentative signs emerge of renewed contacts between Moscow and the European Union after years of strained relations over the conflict in Ukraine.
A train driver has been killed and nine people remain in a critical condition in hospital, after two trains collided near Beford in the east of England on Friday. The passenger trains heading to London collided at around 17:15 local time (1615 GMT).
Morocco captain and PSG defender Achraf Hakimi will face trial in France after an appeals court ruled there was enough evidence for the case to proceed.
Paraguay kept their World Cup hopes alive with a hard-fought 1-0 victory over Türkiye, but the celebrations were tempered by a costly red card for veteran forward Miguel Almirón.
A magnitude 5.8 earthquake struck southwest of Greece’s island of Crete on Saturday, with no immediate reports of damage.
Israel and Hezbollah have agreed to a ceasefire, a senior U.S. official has said. Hezbollah has released a statement saying Israel must leave southern Lebanon. Israel has said it agrees to the ceasefire, but has said its armed forces won't leave Lebanon and will resume hostilities if attacked.
Ukranian President Volodymyr Zelenskyy has warned of an impending massive Russian attack on Ukraine. It comes days after Kyiv carried out a major aeriel assault on Russia, including striking an oil refinery just 16km (10 miles) from the Kremlin in Moscow, sparking a major fire and killing four.
Bolivian President Rodrigo Paz has declared a state of emergency, authorising the military to clear roadblocks that have paralysed the economy for 50 days and left at least 14 people dead.
A 46-year-old Italian tourist has died after a major fire tore through a beachfront hotel in the Dominican Republic, forcing the evacuation of nearly 1,700 guests and staff.
The wife of Spain’s Prime Minister Pedro Sanchez must stand trial on corruption charges and has been banned from leaving the country, a judge has ruled.
A train driver has been killed and nine people remain in a critical condition in hospital, after two trains collided near Beford in the east of England on Friday. The passenger trains heading to London collided at around 17:15 local time (1615 GMT).
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