Sep 27, 2024, at 10:43 pm
New Delhi: India will not purchase liquefied natural gas (LNG) from Russia's Arctic LNG 2 project, which is under Western sanctions, Reuters reported, citing Oil Secretary Pankaj Jain, who confirmed the development on Friday.
US, EU major importers of India's oil products sourced from sanctioned Russian crude
Feb 22, 2024, at 07:21 am
New Delhi: More than one-third of India's oil product exports to the coalition countries led by the G7 were sourced from Russian crude, according to a European think-tank, media reports said.
May 28, 2023, at 04:26 am
Maritime services company Lloyd's Register has informed Gatik Ship Management, a major carrier of Russian oil following the Ukraine war, that it will revoke certification for 21 of its vessels by June 3, according to a statement by the company to Reuters.
India's Feb crude oil imports from Russia hit record high
Mar 05, 2023, at 10:54 pm
New Delhi/IBNS: India's crude oil shipments from Russia in February reached an unprecedented 1.6 million barrels per day, surpassing the combined imports from traditional suppliers Iraq and Saudi Arabia.
India's imports from Russia jump 5 times amid Russia-Ukraine conflict
Feb 16, 2023, at 06:15 pm
New Delhi: India’s imports from Russia multiplied nearly five times to $ 37.31 billion in the April-January period in FY23 owing to an increase in crude oil import from that country, according to the commerce ministry data.
Russia replaces Iraq as the largest oil supplier to India in Nov: Report
Dec 15, 2022, at 05:58 am
New Delhi: Russia for the first time in November replaced Iraq as the top exporter of crude oil to India, media reports said.
France starts direct gas supplies to Germany
Oct 14, 2022, at 12:06 am
Paris: Germany has started receiving gas supplies from French gas network system operator GRTgaz via a connection point in the northeastern commune of Obergailbach, the company said on Thursday.
World Bank cuts down India's FY23 GDP growth forecast to 6.5 pc
Oct 07, 2022, at 06:06 am
New Delhi: Amid fears of a recession in advanced economies, the World Bank on Thursday cut India's gross domestic product (GDP) growth forecast for the financial year 2022-23 to 6.5 percent from its earlier estimate of 7.5 percent.
Russia's fossil fuel export revenue tops its Ukraine war cost
Sep 07, 2022, at 06:45 pm
Russia's earnings from oil gas and coal exports in the last six months have covered its expenditure on the Ukraine invasion, according to an analysis from Helsinki-based nonprofit think tank Centre for Research on Energy and Clean Air, reported ET.
Russia to accept rubles and yuan from China for gas imports
Sep 07, 2022, at 05:56 pm
Russia's energy giant Gazprom said Tuesday that China will start paying for Russian gas in rubles and yuan instead of US dollars, AFP reported.
Not dollar dependent, Indian importers buy discounted Russian coal with Asian currencies
Aug 11, 2022, at 08:44 pm
New Delhi: Amid skyrocketting fuel prices and turbulent global economy triggered by US sanctions on Russia, India is leaning towards discounted Russian coal, which also allows the liberty to pay in currencies other than the US dollars.
Siemens energy plans Russia exit by 3rd qtr of 2022
Aug 10, 2022, at 07:16 am
Moscow: Siemens Energy AG said Monday it began winding down its business in Russia in the third quarter of 2022 and expected to leave the local market in this fiscal year.
India coping better than other countries amid Ukraine-Russia crisis: Amit Shah
Jul 14, 2022, at 12:24 am
New Delhi/IBNS: Union Home Minister Amit Shah on Tuesday said the economic slowdown in India is controlled compared to other nations.
Jun 14, 2022, at 04:56 pm
While the European Union (EU) continues to be the biggest consumer of Russian fossil fuels amid the Ukraine war, India upped its imports of Russian crude from 1 percent before the conflict began to 18 percent in May, media reported.
Is Turkey's Rubella virus claim to reject Indian wheat a ploy to control global wheat supply?
Jun 11, 2022, at 05:25 am
Turkey's attempt to malign India's reputation as a wheat supplier fell flat after Israel purchased a 55,000-ton consignment it rejected citing phytosanitary concerns. The grounds for rejection were not only false but apparently cropped from Turkey's covert motive to take control of global wheat supplies amid a soaring demand and a protracted Ukraine-Russia war, according to experts.
LIC board approves reduction in IPO size: Report
Apr 24, 2022, at 05:16 am
New Delhi: The LIC board has approved a reduction in its initial public offering (IPO) issue size from 5 percent to 3.5 percent, media reports said.
Govt may cut LIC IPO by 40 pc: Report
Apr 22, 2022, at 11:49 pm
New Delhi: The government expects to raise Rs 30,000 crore through an initial public offering of state-owned Life Insurance Corp, almost 40 percent lower than previous estimates as the war in Ukraine mars valuations, media reports said.
Tata Steel to stop doing business with Russia
Apr 21, 2022, at 04:36 am
Tata Steel is going to stop doing business with Russia, the company said Wednesday, becoming the latest company to sever business ties with Russia after it attacked Ukraine, Reuters reported.
Govt exploring all ways to buy crude oil at affordable rates, says Finance Ministry
Apr 08, 2022, at 06:45 am
New Delhi: The Centre is trying to find out "all viable options" to buy crude oil at affordable rates, the finance ministry said on Thursday.
Hit by global sanctions, Russia offers deep discounts to India on oil purchases: Report
Apr 01, 2022, at 05:47 pm
New Delhi: Russia is offering India deep discounts on the direct sale of oil as most of its importers have backed out amid sweeping Western sanctions, including its exclusion from the cross-border payment system SWIFT, following the invasion of Ukraine, Bloomberg reported citing sources.
Apr 01, 2022, at 03:19 am
New Delhi: The US and Australia have called out India for considering Moscow's proposal for rupee-ruble-denominated payments using its own mechanism that would sidestep sanctions, including Russia's exclusion from global money transfer network SWIFT, imposed by America and its allies.
Russia retaliates against Western sanctions with export bans: Report
Mar 11, 2022, at 08:09 pm
Russia has retalited to the western sanctions to isolate it for invading Ukraine by imposing export bans on a host of products until the end of 2022, BBC reported.