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Last Updated:April 18, 2026, 09:06 IST The United States announced that it will issue a fresh 30-day general license allowing countries, including India, to purchase energy from Russia. PM Modi and US President Donald Trump. (File Photo: Reuters) The United States announced that it will issue a fresh 30-day general license allowing countries, including India,…
Last Updated:April 16, 2026, 02:08 IST The moves signal an end to the Trump administration’s efforts to use the sanctions waivers to free up more oil supplies and lower soaring global energy prices. US Treasury Secretary Scott Bessent. (Courtesy: Reuters) The United States has announced that it will not extend sanctions waivers allowing countries to…
Hindi News Business India Buys 60 Million Barrels Russian Crude For April Amid Israel Iran War & Hormuz Crisis New Delhi1 hour ago copy link Photo Credit-AI The crude oil supply chain has been badly affected due to the ongoing Israel-Iran war in the Middle East. To deal with this crisis, Indian refiners have decided…
Last Updated:January 20, 2026, 10:27 pm IST Scott Bessent criticised China, one of the largest buyers of Russian oil, and said Washington has long been considering imposing steep tariffs on Beijing. US President Donald Trump United States Treasury Secretary Scott Bessent said Donald Trump does not require fresh authorisation from the US Senate to impose…
New Delhi: India is set to significantly reduce direct imports of Russian crude oil from late November as new US sanctions targeting Rosneft and Lukoil take effect on November 21. Analysts suggest that Indian refiners, which account for more than half of the country’s Russian crude used in petrol and diesel production, will largely comply…
Russian Oil Import: In the wake of tightening global sanctions on Moscow, India devised a method to bring in discounted Russian crude oil without breaching international law or raising costs at home. The operation, carried out in international waters near the Gulf of Oman, saw Indian-linked tankers conduct discreet ship-to-ship (STS) transfers to secure the…
Last Updated:October 24, 2025, 03:51 IST Karoline Leavitt claimed India agreed to scale back Russian oil imports, but New Delhi has repeatedly denied any such agreement, prioritising stable prices and secure supplies. US Press Secretary Karoline Leavitt The US on Thursday once again claimed that India has agreed to scale back its oil purchases from…
Last Updated:October 23, 2025, 10:25 PM IST Congress MP Shashi Tharoor was reacting to US President Donald Trump’s claims that India will significantly reduce Russian oil imports by the end of the year Congress MP Shashi Tharoor said just like New Delhi does not speak for Washington, US President Donald Trump should not announce India’s…
Last Updated:October 23, 2025, 7:48 PM IST Chinese state oil companies reportedly suspended purchases of Russian oil after the US imposed sanctions on Rosneft and Lukoil, Moscow’s two biggest oil companies. The US sanctioned two key Russian oil producers on Wednesday. (Representational image: AFP) Major Chinese state oil companies have suspended purchases of Russian oil…
US President Donald Trump on Friday reiterated his claim that India has “de-escalated” on buying Russian oil, as he met his Ukrainian counterpart, Volodymyr Zelensky, at the White House. “India is not going to be buying Russian oil anymore. And they have already de-escalated, and they have more or less stopped; they are pulling back….