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.
Putin has paused energy facility strikes, but a full ceasefire remains elusive. The move signals ongoing tensions, with discussions about a wider peace deal set to begin, leaving questions about Ukraine’s role in the negotiations.
Russian President Vladimir Putin on Tuesday cautioned his economic team against overcooling the national economy through overly tight monetary policies ahead of the central bank's impending rate decision.
Russian authorities are set to initiate a privatization drive aimed at selling state-seized assets valued at at least 100 billion rubles (approximately $1.22 billion) in 2025, Finance Minister Anton Siluanov announced at a meeting of the Federal Agency for State Property Management.
Russia is exploring opportunities for collaboration with the United States, particularly in the space sector, and is looking to hold talks with Elon Musk’s son about potential missions to Mars, despite challenges in restoring dialogue between the two nations.
The Trump administration is reportedly considering recognizing Crimea as part of Russia in a potential peace deal to end the war in Ukraine, with discussions also involving the United Nations.
Start your day informed with AnewZ Morning Brief: here are the top news stories for March 19th, covering the latest developments you need to know.
South Korean police will deploy 14,000 officers in Seoul on the day of President Yoon Suk Yeol’s impeachment ruling, anticipating protests and security threats. The Constitutional Court is set to deliver its verdict soon, with heightened measures in place.
China and Kazakhstan have agreed to deepen cooperation in key areas, including trade, security, and Belt and Road projects. At a high-level meeting in Beijing, officials emphasised stronger political ties, economic collaboration, and cultural exchanges to advance their strategic partnership.
NASA astronauts Butch Wilmore and Suni Williams completed an unexpectedly long 286-day mission on the ISS, returning to Earth aboard a SpaceX capsule after delays caused by technical issues with Boeing’s Starliner.
British Prime Minister Keir Starmer spoke with Ukrainian President Volodymyr Zelenskyy on Tuesday to discuss the progress made by U.S. President Donald Trump in ceasefire talks with Russia, with both leaders emphasising the importance of a just and lasting peace in Ukraine.
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Regarding the Armenia-Azerbaijan process, we cannot forget the years of occupation, and we will not forget them, President Ilham Aliyev said in his speech at the opening ceremony of the 12th Global Baku Forum.
President Donald Trump has vowed to respond to the European Union's counter-tariffs, escalating tensions over the U.S. steel and aluminum duties that have sparked a trade dispute between the two economic powers.
Russian President Vladimir Putin agreed on Tuesday to a proposal by U.S. President Donald Trump that Russia and Ukraine cease attacking each other's energy infrastructure for 30 days, the Kremlin said following a lengthy phone discussion between the leaders.
Start your day informed with AnewZ Morning Brief: here are the top news stories for March 19th, covering the latest developments you need to know.
South Korean police will deploy 14,000 officers in Seoul on the day of President Yoon Suk Yeol’s impeachment ruling, anticipating protests and security threats. The Constitutional Court is set to deliver its verdict soon, with heightened measures in place.
British Prime Minister Keir Starmer spoke with Ukrainian President Volodymyr Zelenskyy on Tuesday to discuss the progress made by U.S. President Donald Trump in ceasefire talks with Russia, with both leaders emphasising the importance of a just and lasting peace in Ukraine.
Fresh hostilities erupted in the Russia-Ukraine conflict on Wednesday, with reported air strikes causing infrastructure damage and evacuations despite a recently agreed partial ceasefire.
Putin has paused energy facility strikes, but a full ceasefire remains elusive. The move signals ongoing tensions, with discussions about a wider peace deal set to begin, leaving questions about Ukraine’s role in the negotiations.
Start your day informed with AnewZ Morning Brief: here are the top news stories for March 19th, covering the latest developments you need to know.
South Korean police will deploy 14,000 officers in Seoul on the day of President Yoon Suk Yeol’s impeachment ruling, anticipating protests and security threats. The Constitutional Court is set to deliver its verdict soon, with heightened measures in place.
China and Kazakhstan have agreed to deepen cooperation in key areas, including trade, security, and Belt and Road projects. At a high-level meeting in Beijing, officials emphasised stronger political ties, economic collaboration, and cultural exchanges to advance their strategic partnership.
NASA astronauts Butch Wilmore and Suni Williams completed an unexpectedly long 286-day mission on the ISS, returning to Earth aboard a SpaceX capsule after delays caused by technical issues with Boeing’s Starliner.
British Prime Minister Keir Starmer spoke with Ukrainian President Volodymyr Zelenskyy on Tuesday to discuss the progress made by U.S. President Donald Trump in ceasefire talks with Russia, with both leaders emphasising the importance of a just and lasting peace in Ukraine.
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