India has already purchased nearly 16 million barrels of Russian crude so far in March 2026, translating to roughly 1.6 million barrels per day, indicating a sharp uptick.
Jaishankar makes it clear in meeting with Poland's Radosław Sikorski that India’s issue was not just with US tariffs, but also actions taken by EU to curb purchases of Russian oil.
Republican Senator Lindsey Graham says bill will be 'well-timed, as Ukraine is making concessions for peace and Putin is all talk, continuing to kill the innocent'.
December oil imports from Russia may drop nearly 50%, but Indian buyers already shifting to non-designated Russian entities and opaque trading channels to keep Russian oil flowing.
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.
The tanker filled with Russian crude is now idling in the Baltic Sea, a sign of potential disruption in oil trade after US tightened sanctions on Moscow.
Switching to LNG alone will not grant India energy security. It must be backed up by increased electrification of cooking, industrial processes, and transportation.
Aluminum prices, already rising before the conflict, have gained further as traders and buyers focus on the potential for tighter markets and shrinking global inventories.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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