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According to GTRI, since India has already responded to American concerns, the United States should promptly remove the tariff. (AI image) The Donald Trump administration should with immediate effect withdraw the 25% penal tariffs on India for its crude oil trade with Russia, says the Global Trade Research Initiative (GTRI) in its latest note. In…
A new analysis by the Oxford Institute for Energy Studies has cautioned that the worldwide effort to move away from Russian gas is creating fresh instability in the market, largely because of tighter supplies and shifting political alignments. The report says that cutting reliance on Moscow has pushed several countries to depend more heavily on…
CHENNAI: India’s state-run oil marketing companies are expected to withstand the impact of fresh US sanctions on Russian energy giants Rosneft and Lukoil, as well as the European Union’s ban on refined products derived from Russian crude, according to Fitch Ratings.The rating agency said the measures are unlikely to materially affect refining margins or the…
US President Donald Trump has thrown his weight behind a new wave of hard-hitting sanctions aimed at isolating Russia, warning that countries maintaining trade ties with Moscow—and potentially Iran—will be “very severely sanctioned.”Speaking to reporters on Sunday, Trump said he supported congressional efforts to advance tougher penalties on Russia and President Vladimir Putin. “I hear…
File photo (Picture credit: AP) Asian markets started the week on a weak note, with investors turning cautious amid fading expectations of a US rate cut and rising concerns over stretched tech valuations. The uncertain mood also spilled over into cryptocurrencies, with bitcoin briefly dipping below its end-2023 level.As per news agency AFP, traders are…
The United States has told Serbia it will not lift sanctions on the country’s largest oil company, NIS, unless Belgrade ensures a complete withdrawal of Russian ownership, Serbian Energy Minister Dubravka Djedovic Handanovic said on Saturday, calling the weeks ahead “some of the most difficult decisions in our history”.NIS — the Petroleum Industry of Serbia…
India has stood its ground, continuing buying crude from Russia, despite repeated objections from US President Donald TrumpIn October, crude oil worth $2.5 billion flowed into the country from Moscow, making it the world’s second-largest buyer. India was second only to China, which purchased $3.7 billion, according to the Helsinki-based Centre for Research on Energy…
India has asked Russia to fast-track approvals for Indian exporters –including expedited listing of domestic establishments and quicker registration of marine and pharmaceutical products — as part of a broader push to expand two-way trade, the commerce ministry said on Thursday.Commerce secretary Rajesh Agrawal, currently in Moscow, stressed the need for “confidence-building measures to unlock…
MOSCOW: Russia said its forces had pushed deeper into the eastern Ukrainian cities of Pokrovsk and Kupiansk on Tuesday, with one video showing Russian soldiers rolling into Pokrovsk on motorbikes and even on the roofs of battered cars and vans.Moscow says taking Pokrovsk, dubbed “the gateway to Donetsk” by Russian media, would give it a…
US President Trump indicated on Monday that he plans to lower tariffs on India in the future. (AI image) With US President Donald Trump hinting at a trade deal soon, Global Trade Research Initiative (GTRI) founder Ajay Srivastava says that India should push for rollback of 25% tariffs on account of Russian crude oil. Srivastava…
