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Image used for representative purposes NEW DELHI: Amid reports that India might exit the Chabahar port under pressure from the US, govt said on Friday it remains in touch with Washington to implement the sanctions waiver that the US has granted till April 26, 2026.“As you are aware, on Oct 28, 2025, the US department…
AI image (Picture credit: Google Gemini) India is unlikely to face any major impact from the 25 per cent tariff announced by the US President Donald Trump on countries doing business with Iran, as per government sources cited by news agency ANI, who pointed to India’s limited trade exposure with Tehran.Newly announced US tariffs are…
US Treasury Secretary Scott Bessent (File photo) US Treasury Secretary Scott Bessent hinted at possible easing of sanctions on Venezuela’s oil exports in the next week, after the arrest of Venezuela President Nicolas Maduro by US forces. The US Treasury is also scheduled to hold discussions with the heads of the International Monetary Fund and…
TOI correspondent from Washington: With no end in sight for Washington’s tariff tangle with India, more trouble and torture is looming ahead for New Delhi after MAGA supremo Donald Trump on Wednesday greenlit a sweeping bipartisan legislation that will authorize him to impose primary and secondary sanctions and punitive tariffs up to 500 percent on…
US President Donald Trump has approved a new bill that allows massive duties on countries that import Russian petroleum products. The bill, ‘Sanctioning Russia Act of 2025’ threatens at least 500% tariffs on countries that “knowingly engage in the exchange.” US senator Lindsey Graham said that the bill, which is now headed for bipartisan approval…
The United States has granted a majority-Russian-owned Serbian oil company a temporary reprieve from sanctions targeting Moscow’s invasion of Ukraine, a Serbian minister said on Wednesday. Washington’s sanctions on the Petroleum Industry of Serbia (NIS), part of its crackdown on Russia’s energy sector, forced the shutdown in early December of Serbia’s sole oil refinery, which…
India’s imports of Russian oil are expected to cross 1 million barrels per day this December. (AI image) Donald Trump’s sanctions on Russian oil majors don’t seem to have deterred Indian refiners from procuring crude – though non-sanctioned – from Russia. India’s crude oil imports from Russia are showing resilience in December, days after Trump’s…
The European Union has expanded its sanctions list on entities connected to Russia’s oil trade, with a new round of measures aimed at traders and shipping networks accused of enabling Moscow to continue crude exports despite Western restrictions.The new sanctions name oil traders Murtaza Lakhani and Etibar Eyyub, who, according to EU, were involved in…
Russia’s oil exports crashed to their lowest point since the Ukraine war began, weighed down by buyers moving away from Moscow amid tightened US sanctions and Kyiv’s escalating attacks. In its latest assessment, the International Energy Agency (IEA) noted that Russian oil exports declined by 420 kb/d in November, pulling total shipments down to 6.9…
The United States on Thursday imposed new sanctions on Venezuela, targeting three nephews of President Nicolas Maduro’s wife, along with six crude oil tankers and associated shipping companies. The action coincided with a large-scale US military buildup in the southern Caribbean and President Donald Trump’s campaign for Maduro’s ouster. On Wednesday Trump said the US…
