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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…
The United States has imposed sanctions on an Indian company among 32 individuals and entities accused of helping Iran’s missile and drone development networks.The US department of the treasury’s office of foreign assets control (OFAC) listed Farmlane Private Limited as part of a network operating across Iran, the United Arab Emirates, Turkey, China, Hong Kong,…
US President Donald Trump hosted Syrian President Ahmad al-Sharaa at the White House on Monday, welcoming Syria into a US-led global coalition to fight the Islamic State group. The meeting marked the first visit to the White House by a Syrian head of state since Syria gained independence from France in 1946.Al-Sharaa arrived at the…
The United States has granted Hungary a one-year exemption from its sanctions on the use of Russian oil and gas, a White House official said on Friday.The decision came after Hungarian Prime Minister Viktor Orbán personally appealed for the reprieve during a meeting with US President Donald Trump in Washington. Why Trump exempted Hungary Orbán,…
Russian Urals crude’s price differential to Brent has increased by $2 to approximately $4 per barrel for December deliveries. (AI image) Donald Trump’s sanctions on two of Russia’s major oil firms seems to have had the impact that the US was looking for. China and India, two of the largest purchasers of Russian crude oil,…
While Russian exporters continue loading crude onto vessels, refineries show reduced willingness to transfer the cargo to their storage facilities. (AI image) Donald Trump’s latest sanctions on Russian crude oil firms appears to have had the intended impact – at least as of now. Refiners are reportedly unwilling to pick up Russian crude oil from…
NEW DELHI: US has extended the waiver from sanctions granted last month for the Chabahar port in Iran by another six months, the govt said Thursday. To isolate Tehran, the US state department had in Sept revoked the sanctions exception issued in 2018 for the port that India developed for access to Afghanistan and Central…
Last week the Donald Trump administration announced sanctions against Russia’s leading oil corporations, Rosneft and Lukoil. (AI image) Donald Trump’s sanctions on Russia’s oil majors are unlikely to prompt India and China to completely stop buying Russian crude, though short-term disruptions are expected according to an analysis by Kpler, a global real-time data and analytics…
NEW DELHI: India on Thursday responded to the latest US sanctions on Russian oil companies, saying it is “studying the implications” of the move, while reaffirming that its energy sourcing decisions are guided by national interests and the need to ensure affordable energy for 1.4 billion people.Speaking during the weekly press briefing, MEA spokesperson Randhir…
NEW DELHI: The ministry of exeternal affairs on Thursday confirmed that US has granted India a six-month exemption from American sanctions on the Chabahar port.This is a major diplomatic win for India amid negotiations between India and the US over finalising a trade deal.“We continue to remain engaged with the US side on finalising the…
