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.
Russian President Vladimir Putin will travel to China next week for talks with President Xi Jinping, to attend a regional security summit, and to appe...
U.S. President Donald Trump has cancelled Secret Service protection for Democratic Presidential candidate and former Vice President, Kamala Harris acc...
Georgia’s ruling party is pointing to recent remarks by former USAID Administrator Samantha Power as evidence that U.S. aid programs are used to inf...
The World Health Organization (WHO) has warned that Afghanistan is facing a worsening humanitarian and health crisis in 2025, with millions of returni...
A woman pinned beneath concrete, a man with a badly broken leg, a child trapped under the rubble....
Russian President Vladimir Putin will travel to China next week for talks with President Xi Jinping, to attend a regional security summit, and to appear as Xi’s “main guest” at a military parade on Beijing’s Tiananmen Square, the Kremlin announced on Friday.
A woman pinned beneath concrete, a man with a badly broken leg, a child trapped under the rubble.
Russia has supported Azerbaijan and Armenia’s decision to dissolve the Organization for Security and Co-operation in Europe (OSCE) Minsk Group, stating that the structure will be terminated by the end of 2025.
The United Kingdom has summoned the Russian envoy over its latest attack on Kyiv which killed civilians and damaged buildings including the European Union delegation and the British Council offices.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Russian President Vladimir Putin will travel to China next week for talks with President Xi Jinping, to attend a regional security summit, and to appear as Xi’s “main guest” at a military parade on Beijing’s Tiananmen Square, the Kremlin announced on Friday.
U.S. President Donald Trump has cancelled Secret Service protection for Democratic Presidential candidate and former Vice President, Kamala Harris according to a senior White House official.
Georgia’s ruling party is pointing to recent remarks by former USAID Administrator Samantha Power as evidence that U.S. aid programs are used to influence political regimes abroad. The comments, made during a prank interview, have fueled debate in Tbilisi over sovereignty, NGOs, and foreign funding.
The World Health Organization (WHO) has warned that Afghanistan is facing a worsening humanitarian and health crisis in 2025, with millions of returning refugees expected to stretch the country’s already fragile health system.
A woman pinned beneath concrete, a man with a badly broken leg, a child trapped under the rubble.
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