Following an oil supply crunch and historic inflation, the easing of penalties may allow California-based energy corporation Chevron to negotiate resuming operations in Venezuela.
The EU plans to ban Russian oil over the next six months and refined fuels by the end of the year, to increase pressure on Vladimir Putin over his invasion of Ukraine.
White House Press Secretary Jen Psaki also reiterated US' desire that New Delhi does not purchase oil from Russia amid American sanctions on Moscow for invading Ukraine.
Such pacts are often short-lived and lack the deep liquidity provided primarily by the dollar. Moreover, India doesn't get much in return for this accommodation and has much to lose.
Russian oil has been flowing to Asia in greater volumes as buyers across Europe and the U.S. shun supplies, following the invasion of Ukraine. India and China have been the key buyers.
India wants to use a smaller state-run bank such as UCO Bank or one with minimum exposure to western sanctions imposed by US, Europe to handle the payments process, officials said.
Two days after polling ended, fuel retailers who were widely expected to raise prices have kept them unchanged. Even surge in global crude prices hasn’t made an impact yet.
Rupee is down to a record low, dragging stocks and bonds. And with few signs the commodity boom will end soon, investors are bracing for more possible losses.
Some of the typically sluggish indicators such as consumer sentiment, bank credit have seen a pick up. But escalating geopolitical tensions and higher oil prices pose risks.
While Botox and dermal fillers are both popular cosmetic treatments, understanding their differences is essential for selecting the best option based on your skin goals.
About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.
Chiman Singh, injured in 1971 India-Pakistan war, was discharged as non-pensioner in 1972. In his petition, he states denial of pension is contrary to settled law.
Even in the weeks leading up to Chamkila’s assassination there were massacres every other day. To airbrush all of this is sheer intellectual cowardice if not a crime.
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