Russia’s state-run oil giant Rosneft has reportedly sold a large shipment of crude to India as the South Asian nation keeps boosting energy imports from the sanctions-hit country. Indian Oil Corp (IOC), the country’s top refiner, purchased 700,000 tons of Russian Urals crude, two traders familiar with the matter told …
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India’s Permanent Representative to the United Nations, TS Tirumurti, has accused the Netherlands of “patronizing” his country after the Dutch ambassador to the UK publicly scolded New Delhi for abstaining on UN General Assembly resolutions on the war in Ukraine. “Kindly don’t patronise us, Ambassador. We know what to do,” …
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India is trying to get deeper discounts on Russian oil to compensate for increased trade risks when dealing with Moscow amid Western sanctions, Bloomberg reported on Wednesday, citing people with knowledge of the matter. According to the report, the South Asian country is seeking Russian crude at less than $70 …
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Moscow has reportedly proposed a plan for India to pay for Russian oil in US dollars or euro, while using a rupee-ruble-denominated mechanism for other goods. The new mechanism is designed to allow more trade in local currencies as economic pressure mounts on Russia over its military operation in neighboring …
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India has asked state-run energy companies to evaluate the possibility of acquiring oil major BP’s stake in sanctions-hit Russian firm Rosneft, sources told Reuters on Thursday. BP had earlier announced it was abandoning its 19.75% stake in the Russian company. Sources familiar with the matter said that the Indian oil …
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European Commission President Ursula von der Leyen has urged India to drop its trade in oil and gas with Russia, insisting that such business is not “sustainable.” She spoke while in the South Asian country for a multinational conference. The fighting in Ukraine, which has not spilled over into any …
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India and the EU have agreed to launch a new Trade and Technology Council (TTC), a regulatory body which would work to boost cooperation between the countries, European Commission President Ursula von der Leyen and Indian Prime Minister Narendra Modi announced in a joint statement on Monday. “I am pleased …
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Extreme poverty in India, the second-most populous country in the world, is estimated to have declined by 12.3 percentage points between 2011 to 2019, the Economic Times reported on Monday, citing a World Bank Policy Research Working Paper. According to the report, the count dropped from 22.5% in 2011 to …
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India has granted approval for Japan to pick up humanitarian aid stored in Mumbai and reserved for Ukrainian refugees in Europe, the nation’s foreign ministry said late on Thursday, adding that a commercial rather than a military plane should be doing this. The approval comes after Japan accused India of …
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UK Prime Minister Boris Johnson has announced that relations between Moscow and New Delhi will be one of the key topics up for discussion during his two-day visit to India to meet with his counterpart Narendra Modi. The UK has been trying to persuade India to reconsider its close ties …
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