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.
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Two months after Indian negotiators worked in January to secure relief from punitive U.S. tariffs on the country’s exports and New Delhi moved to cut back its purchases of Russian crude oil, India and Russia are stepping up their energy ties once again, according to Reuters.
Russia has welcomed remarks by Ukrainian President Volodymyr Zelenskyy suggesting the U.S. is making security guarantees conditional on Kyiv relinquishing control of the Donbas region.
Russia has delivered a large shipment of humanitarian aid to Iran, as ongoing conflict damages health infrastructure and leaves civilians in urgent need of care.
A marine drone struck a Turkish crude oil tanker that had departed Russia, causing an explosion in the Black Sea near Istanbul's Bosphorus strait on Thursday, Türkiye's transportation minister said.
Israel said it had killed Alireza Tangsiri, the Commander of Iran’s Islamic Revolutionary Guards Corps (IRGC)’s Navy, on Thursday, as confict in the Middle East continued.
The foreign ministers of the G7 group of nations on Friday called for an immediate stop to attacks against civilians and civilian infrastructure in the Iran war.
Northern European countries must significantly boost military drone production to help Ukraine defeat Russia, Latvia’s Prime Minister has said, warning that victory would be “impossible” without greater support.
Conflicting messages emerged from Iran about its response to a U.S. peace offer reportedly delivered to it by Pakistan on Wednesday (25 March). Meanwhile, Tehran's government unveiled its own counterproposal to end the conflict.
A marine drone struck a Turkish crude oil tanker that had departed Russia, causing an explosion in the Black Sea near Istanbul's Bosphorus strait on Thursday, Türkiye's transportation minister said.
Turkish military personnel participating in NATO’s mission in Iraq have been “successfully” withdrawn from the country, the Turkish Defence Ministry announced on Thursday.
China and the International Atomic Energy Agency (IAEA) have agreed to deepen cooperation on the peaceful use of nuclear technology, with a focus on supporting sustainable development across the Global South.
The Independent International Commission of Inquiry on the Syrian Arab Republic has released a report on 27 March 2025 detailing extreme violence in Suwayda, Syria, in July 2025, which resulted in more than 1,700 deaths and the displacement of nearly 200,000 people.
The 2025 North Atlantic Treaty Organisation (NATO) annual report, presented by Mark Rutte, the Secretary General of the organisation, reveals a significant shift in stance and policy.
U.S. paper currency will bear President Donald Trump's signature starting this summer, the first time a sitting president has signed American money, the Treasury Department said on Thursday. The change comes as the United States prepares to celebrate its 250th anniversary.
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