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US wants to lure India away from Russia – Bloomberg

US president Joe Biden’s administration intends to woo India into slowing down its defense cooperation with Russia by offering New Delhi a military assistance package that could be worth as much as  $500 million, Bloomberg reported on Tuesday, citing anonymous sources. Russia has long been a major provider of arms to …

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India bans wheat exports

India has prohibited all exports of wheat with immediate effect, the country’s Ministry of Commerce and Industry announced on Friday. The ministry said the drastic move was necessary due to “a sudden spike in the global prices of wheat arising out of many factors, as a result of which the …

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India reveals results of new missile test

The Indian Air Force successfully conducted a missile test on Thursday, when one of its Russian-made Sukhoi fighter jets, from the Tiger Sharks squadron, took off from the Thanjavur airbase in Tamil Nadu, underwent mid-air refueling and then fired an air-to-ground extended-range BrahMos missile, hitting a designated target in the …

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India strives to cash in on cheap Russian crude – media

Indian refining giant Reliance Industries has shelved plans for repair operations at the world’s biggest oil refining complex as the company is striving to churn out more oil products since the margins on them have recently surged to three-year highs, Bloomberg reports. The company has been purchasing discounted cargoes of …

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Russia ramps up sales of crude to India – Reuters

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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Don’t patronize us’, India tells EU official

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 wants deeper discounts on Russian crude – media

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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Russia offers India way of bypassing Western sanctions – media

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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