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August 15, 2024, 12:29 PM - 2 min read
Despite global tensions stemming from the Ukraine conflict, India’s reliance on Russian crude has surged, placing it second only to China as Russia’s largest oil buyer.
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August 5, 2024, 04:31 PM - 2 min read
Apart from strengthening the external balance, a decline in oil prices also leads to lower prices of petrol, diesel and LPG in the domestic market, which in turn eases inflation in the country.
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July 13, 2024, 09:34 AM - 2 min read
The conversation, which took place days after Modi's diplomatic mission, focused on a variety of bilateral, regional, and international concerns, particularly upcoming engagements under the Quad framework.
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July 8, 2024, 12:11 PM - 2 min read
Modi is set to meet with Russian President Vladimir Putin during the visit, which will extend into Tuesday. India’s Foreign Secretary Vinay Kwatra told reporters in New Delhi that given the lack of recent summits, several issues on the bilateral agenda “have piled up, which need to be addressed.” Senior Indian diplomats, speaking on condition of anonymity, said that while major announcements are unlikely, Modi’s visit is intended to send a signal that the two sides remain close.
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May 17, 2024, 02:48 PM - 2 min read
The announcement came from Nikita Kondratyev, Director of the Russian Economic Development Ministry’s Department of Multilateral Economic Cooperation and Special Projects.
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May 14, 2024, 08:47 PM - 2 min read
Russian President Putin is scheduled to embark on a two-day visit to China on May 16, marking his second visit to the country in less than a year amidst escalating conflicts in Gaza and Ukraine. This visit comes shortly after Putin's extension of his term in office until 2030.
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May 2, 2024, 01:58 PM - 2 min read
During April this year, India imported more Russian oil but less from Iraq and Saudi Arabia than it did a month earlier, according to data compiled by trade tracking agencies Kpler and LSEG.
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April 4, 2024, 08:41 AM - 2 min read
The discussions will cover various bilateral issues, including cooperation on anti-money laundering efforts, countering the financing of terrorism, and addressing other illicit finance concerns. Additionally, the officials will focus on the continued implementation of the price cap, which aims to restrict the profits Russia earns from its oil exports, particularly in the context of Russia's illegal invasion of Ukraine.
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April 2, 2024, 07:03 PM - 2 min read
External Affairs Minister S. Jaishankar has reaffirmed the Indian government's commitment to ensuring the safe return of Indian citizens worldwide. Speaking at an intellectual meet in Gujarat's Rajkot, Jaishankar highlighted India's proactive foreign policy, particularly in evacuation operations such as Operation Indravati in Haiti and Operation Ganga in Ukraine.
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March 21, 2024, 12:33 PM - 2 min read
Amidst the ongoing Russia-Ukraine conflict, India faces a setback as Russia notifies a delay in the delivery of the remaining two squadrons of the S-400 systems. Initially expected to be completed by 2023-24, the delivery is now postponed until August 2026, sparking concerns and discussions regarding India's defence preparedness.
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March 19, 2024, 05:16 PM - 2 min read
According to industry insiders who preferred to remain anonymous, state-owned Bharat Petroleum Corp. and Indian Oil Corp, alongside leading private refiner Reliance Industries Ltd have collectively procured approximately 7 million barrels of US crude slated for loading in April. If realized, this would mark the highest monthly volume since May, as reported by Kpler, a data intelligence firm.
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March 15, 2024, 07:47 PM - 2 min read
India is intensifying efforts to facilitate the return of its citizens stranded in Russia amid the ongoing conflict with Ukraine, the Ministry of External Affairs (MEA) stated on Friday.
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