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.
Kazakh President Kassym-Jomart Tokayev’s first official visit to Japan marks a notable moment in relations between the two countries, reflecting a s...
The United States has suspended the Diversity Visa Lottery programme, commonly known as the Green Card lottery, after a deadly shooting at Brown Unive...
The long-running geopolitical tug-of-war over the world’s most popular short-form video application appears to have reached its finale, resolving a ...
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Kyrgyzstan is increasingly being described as one of the fastest growing economies in Central Asia....
Kyrgyzstan is increasingly being described as one of the fastest growing economies in Central Asia.
Russian Foreign Minister Sergey Lavrov arrived in Cairo on Thursday ahead of a two-day ministerial conference of the Russia-Africa Partnership Forum.
European Union leaders on Thursday denounced a wave of hybrid attacks against the bloc, attributing them to Russia and Belarus, and called for stronger measures to protect critical infrastructure and enhance resilience.
Russia’s latest attacks on Zaporizhia come as European leaders gather in Brussels to discuss the possible use of frozen Russian assets to support Ukraine’s war effort, while Washington explores parallel diplomatic channels with both Kyiv and Moscow.
European Union leaders have agreed to raise up to €90 billion through joint borrowing to support Ukraine’s defence in 2026 and 2027, opting not to use frozen Russian state assets amid legal and political concerns.
Petroleum products are being transported by rail from Azerbaijan to Armenia for the first time in decades. The move is hailed as a tangible breakthrough in efforts to normalise relations between the long-time rivals.
European Union foreign policy chief Kaja Kallas has warned that attempts to reach a peace agreement in Ukraine are being undermined by Russia’s continued refusal to engage meaningfully in negotiations.
U.S. President Donald Trump delivered a wide-ranging address from the White House in which he sought to highlight what he described as his administration’s achievements while laying the groundwork for his plans for the year ahead and beyond, on Wednesday (18 December).
Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday (17 December), citing insufficient financing guarantees.
Kazakh President Kassym-Jomart Tokayev’s first official visit to Japan marks a notable moment in relations between the two countries, reflecting a shared interest in deepening cooperation.
The long-running geopolitical tug-of-war over the world’s most popular short-form video application appears to have reached its finale, resolving a five-year saga that bridged two US presidencies and a brief nationwide service blackout.
Congressional Democrats have released dozens of new images from Jeffrey Epstein’s estate, increasing pressure on the US Justice Department a day before it is required by law to publish unclassified files from its investigation into the late financier.
Police and paramilitary forces have been deployed across Bangladesh after violent protests erupted overnight over the killing of a prominent youth leader, raising concerns of further unrest ahead of national elections.
Thousands of Bulgarians took to the streets on Thursday evening to protest against the outgoing government, demanding fair elections and judicial reforms to address what they describe as widespread corruption.
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