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AI image for representaion only In the span of a week, US President Donald Trump went from planning a summit with President Vladimir Putin in Budapest to placing the harshest sanctions yet on Russia’s economy. The about-face was not just sudden-it was personal.TL;DR: Driving the news On October 22, the US treasury department sanctioned Rosneft…
Trump sanctions to hit India: Indian refiners are preparing to scale up crude oil purchases from the Middle East, Latin America, and the United States to compensate for reduced imports from Russia, analysts told news agency PTI.This comes after the US government on Wednesday imposed fresh US sanctions on two of Moscow’s biggest producers, Rosneft…
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)…
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…
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…
US President Donald Trump on Thursday responded to Russian President Vladimir Putin’s claim that US sanctions would not impact Russia’s economy. Trump said he was “glad” that Putin held such a view but suggested that the true effects would become clear over time. ‘Don’t Poke The Bear’: Putin FIRES At Trump’s Sanctions, EU Toilet Ban;…
MUMBAI: Dalal Street witnessed extreme volatility on Thursday, thanks mainly to expectations about better trade relations separately with India and then China. As a result, in early trades the sensex rallied above the 85K mark on prospects of a trade deal between the US and India.The Street’s mood, however, soured after oil prices went up…
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…
Russian President Vladimir Putin on Thursday described the latest round of US sanctions against Russia’s energy sector as “serious”, admitting they would have consequences but insisting they would not cause major damage to the economy.“They (sanctions) are serious for us, of course, that is clear. And they will have certain consequences, but they will not…
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…
