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‘Why single out India?’: Piyush Goyal slams double standards on Russian oil; questions Germany, UK for seeking exemptions from US sanctions

Speaking at the Berlin Global Dialogue, Piyush Goyal stressed on India’s independent trade policies. Commerce minister Piyush Goyal has hit out at the Western nations double-standards on Russian oil, questioning Germany and UK’s reported move seeking exemptions from US sanctions.Speaking at the Berlin Global Dialogue Goyal stressed on India’s independent trade policies, firmly saying that…

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‘Will be adapting refinery operations’: RIL responds to US, EU sanctions on Russian crude; commits to compliance

RIL responds to US, EU sanctions on Russian crude NEW DELHI: Reliance Industries Ltd (RIL) on Friday said it is assessing the impact of the latest sanctions imposed by the United States and the European Union on Russian oil companies.In an official statement, a company spokesperson said RIL will comply with guidelines on the import…

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Trump sanctions impact: Reliance, India’s biggest importer of Russian oil, buys millions of barrels of crude from Middle East, US

​ RIL, which has been the largest importer of Russian oil by volume in this year, has bought millions of barrels of crude from the US and Middle East . (AI image)​ In what is being seen as a direct impact of Donald Trump’s sanctions on two major Russian oil firms, Reliance Industries Ltd (RIL)…

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Trump’s sanctions on Russian oil: How Reliance, Nayara Energy earnings will be hit – explained

Analysts are of the view that the latest round of Trump sanctions may hit earnings of these two oil refineries. (AI image) US President Donald Trump’s move to impose sanctions on two of Russia’s largest oil suppliers – Rosneft and Lukoil – spells bad news for India’s private sector refineries Reliance Industries (RIL) and Russia-backed…

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EU sanctions 45 entities: 3 Indian firms named for alleged Russian ties; to face tighter export rules

Three India-based companies were among 45 entities sanctioned by the European Union (EU) on Thursday for their alleged links to the Russian military.The three Indian firms named in the EU statement are Aerotrust Aviation Private Limited, Ascend Aviation India Private Limited and Shree Enterprises, news agency PTI reported. The sanctions form part of the EU’s…

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‘India, China scaling back Russian oil imports at Trump’s request,’ claims US – watch

The White House press secretary Karoline Leavitt on Thursday (local time) claimed that India had scaled back Russian oil imports at US President Donald Trump‘s “request” and China was doing the same.“If you read the sanctions and look at them, they’re pretty hefty. I saw some international news out of China this morning that they’re…

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‘Had no choice’: How a Mumbai job agent duped Hyderabad man into joining Russian army | Hyderabad News

HYDERABAD: Mohammed Ahmed of Hyderabad, who was allegedly defrauded by a job agent and sent to Russia, has reportedly signed a contract to serve in the Russian army. Russian military documents in the possession of TOI show that Ahmed was assigned a service number after formally signing a one-year contract. The number has been engraved…

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Reliance, PSU refineries look to suspend Russian oil imports on US curbs

Representational AI image NEW DELHI: Reliance Industries and state-run refiners are looking at suspending Russian crude imports after the US on Wednesday sanctioned Rosneft and Lukoil, the largest exporters of those barrels.Reliance, the single-largest Indian consumer of Russian oil, will be the biggest loser as it buys most of those barrels directly from Rosneft under…

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Trump’s sanctions on Russian oil firms: Will India’s state-run refiners continue imports? Why experts see limited impact

India’s state-run oil refiners are expected to continue importing Russian crude through intermediary traders despite fresh US sanctions on Rosneft PJSC and Lukoil PJSC, two of Russia’s largest oil companies, industry sources told PTI. The sanctions target firms accused of helping fund the Kremlin’s “war machine” in Ukraine.The sanctions, announced this week, cover companies that…

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‘No basis in international law’: China slams US sanctions on Russian oil giants; hits out at EU for targeting Beijing firms

Chinese President Xi, left, and US President Donald Trump China on Thursday strongly criticised the latest US sanctions imposed on Russia’s two largest oil companies, Rosneft PJSC and Lukoil PJSC, calling the move “unilateral” and “lacking any basis in international law.“Addressing a daily press briefing in Beijing, foreign ministry spokesman Guo Jiakun said, “China consistently…

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