Moscow accumulated large rupee reserves from selling discounted crude to India in aftermath of 2022 Russian invasion of Ukraine, with part of the trade settled in the local currency.
Ahead of the Russian President's visit and the Annual India-Russia Summit, Russian spokesperson says they are finding ways to not let US sanctions affect volume of oil trade with India.
Despite tariffs, US remains India’s largest export destination, with $52.12 billion worth of merchandise exports in the first seven months of this financial year.
In series of posts on X, White House trade adviser Navarro laid out ‘India-Russia oil math’ & said ‘the road to peace in Ukraine runs through New Delhi’.
With Jaishankar in Moscow, India & Russia finalise terms of reference for FTA between New Delhi & EAEU, as both countries seek to grow trade to $100 bn by 2030.
India should have secured greater savings by pressing Russia for prices nearer the cap while sustaining high volumes. This would have preserved strategic autonomy and served economic logic.
New Delhi: India’s “old, strategic and privileged” partnership with Russia is crucial at a time of global “unpredictability” and “uncertainty”, National Security Adviser (NSA)...
Senator Lindsey Graham says Trump asked him to move the bill in August. It allows tariffs on Putin's allies to stop them from buying oil, aiming to force Russia into talks on Ukraine.
EAM Jaishankar & First Deputy Prime Minister of Russia Denis Manturov will co-chair 25th session of IRIGC-TEC in New Delhi Tuesday. Payments in local currency also expected to be key issue.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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