Petroleum
The US has tightened sanctions on Moscow, prompting Indian refiners to brace for a potential disruption in Russian oil imports. An India-bound Aframax vessel, the Furia, has reversed course and is now idling in the Baltic Sea, carrying a cargo of Russian crude sold by Rosneft PJSC. The US sanctions,
Petroleum
The US has tightened sanctions on Moscow, prompting Indian refiners to brace for a potential disruption in Russian oil imports. An India-bound Aframax vessel, the Furia, has reversed course and is now idling in the Baltic Sea, carrying a cargo of Russian crude sold by Rosneft PJSC. The US sanctions,
Petroleum
The US has tightened sanctions on Moscow, prompting Indian refiners to brace for a potential disruption in Russian oil imports. An India-bound Aframax vessel, the Furia, has reversed course and is now idling in the Baltic Sea, carrying a cargo of Russian crude sold by Rosneft PJSC. The US sanctions,
ONGC Videsh Ltd.
As the US imposes sanctions on a Russian oilfield, ONGC Videsh Ltd, a consortium of Indian companies, has taken precautions to ensure compliance. The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated several Russia-based subsidiaries of Rosneft and Lukoil, including CJSC Vankorneft, in
Petroleum
European leaders have decided to stand firmly behind Ukraine, imposing new sanctions on Russia and committing to provide financial and military support for Kyiv. This development comes after President Trump's decision to impose sanctions on two of Russia's largest oil companies, Lukoil and Rosneft, which is
PJSC LUKOIL
President Trump announced a major escalation in the economic war with Russia, imposing sanctions on Lukoil and Rosneft, two of Russia's largest oil companies, in an effort to cripple the Russian energy sector despite the risk of higher oil prices. The move represents a significant shift in strategy
PJSC Rosneft Oil Co.
The renewed phase of antagonism between the US and Russia over Ukraine has broader global implications that extend across energy, trade, and diplomacy, testing Donald Trump's conflict-resolution style. The latest sanctions package against Russia, announced by the US and the EU, marks a significant escalation in great power
International relations
Commerce minister Piyush Goyal criticized Western nations for their perceived double-standards on Russian oil imports, highlighting that India will not compromise on its independent trade policies. Speaking at the Berlin Global Dialogue, Goyal stressed that India's selection of international partners is solely guided by national interests, and external
Petroleum
The United States has announced fresh sanctions against Rosneft and Lukoil, Russia's two largest oil companies, in an effort to pressure Moscow into ceasing its war against Ukraine. The sanctions, imposed by the US Treasury's Office of Foreign Assets Control, target the companies' ability to
PJSC LUKOIL
President Trump announced a major escalation in the economic war with Russia, imposing sanctions on Lukoil and Rosneft, two of Russia's largest oil companies, in an effort to cripple the Russian energy sector despite the risk of higher oil prices. The move represents a significant shift in strategy
PJSC LUKOIL
The United States and the European Union have imposed a new round of sanctions on Russia in an effort to cut into the country's oil and gas export earnings that fund its war against Ukraine. The sanctions target Russia's biggest oil companies, Rosneft and Lukoil, and
Petroleum
India, the second-largest crude oil importer in the world, is poised to significantly reduce its Russian oil imports as US sanctions on two major Russian oil producers take effect. The move is in response to the significant increase in global crude prices and shifting US-India trade dynamics. Reliance Industries, led
