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    • India remains second-largest buyer of Russian fossil fuels in Jan at $2.59 bn

      Of India's total imports, crude oil constituted the largest share -- at 78% - with purchases amounting to $2.36 billion. China saw a 29% rise in its imports of crude oil from Russia at $4.71 billion over the last two months, led by increased purchases of Urals. India's import has dropped by 23% since November.

    • EU fails to approve new Russia sanctions as Hungary blocks Ukraine support package

      The EU failed to approve new sanctions on Russia after Hungary objected, stalling a major Ukraine loan as leaders warned of setbacks to support Kyiv ahead of the war’s fourth anniversary.

    • Taken to court, Microsoft restores services to Rosneft-backed Nayara Energy

      Microsoft had on July 22 suspended tech support for the refiner after the European Union sanctioned Nayara Energy, which challenged the move in the Delhi High Court

    • Crude prices likely to remain bearish on limited oil supply impact despite fresh EU sanctions: Experts

      Energy experts believe crude oil prices would not rise beyond $70- $72 per barrel despite the latest European Union sanctions on Russian oil over expectations of undisrupted supply from the country

    • Indian company among 27 faces EU sanctions over dual-use exports to Russia

      Under the latest package of EU sanctions, companies making electronic components — which the 27-nation European bloc believes could have dual military as well as civilian uses — are among the foreign companies facing tougher restrictions.

    • Exclusive: India hopes to get discounted Russian oil as long as global price below $90/barrel, says govt source

      With few takers for Moscow's oil, India is confident that Russia will not push New Delhi to breach the $60 per barrel ceiling for Russian crude even as prices go up, the official told Moneycontrol

    • Kremlin says Russia will draw up response to latest EU sanctions

      Kremlin spokesman Dmitry Peskov said Moscow would study the list before responding.

    • India to keep buying crude from wherever possible, including Russia: Top official

      The EU governments agreed to tentatively impose a $60 per barrel price cap on Russian oil on December 1.

    • Explained | How will the EU ban on Russian oil impact India?

      This article, the final of a three-part special series on the impact of the EU sanctions on Russia, will look at what the oil embargo means for India. The first story was a deep dive on the impact of the ban on Europe, and the second one looked at the role of OPEC+.

    • Explained | Will OPEC+ raise output amid soaring prices with EU’s ban on Russian oil?

      There seems to be no end in sight to the Russia-Ukraine war which has been raging for over two months. EU’s latest sanction exacerbates inflationary pressures. Will OPEC+ infuse more oil to heal the wounds sustained by the global economy?

    • Explained| What does the EU ban on Russian crude oil mean for Europe

      Even though the EU, US, and UK have consistently tried to hit the Russian economy with hard-hitting sanctions, will global markets be able to withstand the relentless bloodshed or witness a fast-paced and unprecedented transformation?

    • Russia-Ukraine Conflict: Some Moscow residents brace for rough ride as sanctions bite

      The Russian rouble plunged 18% against the U.S. dollar on Monday and the central bank more than doubled its key rate to 20% in an emergency move after the West imposed unprecedented sanctions on Moscow over the weekend.

    • Russia-Ukraine Conflict: Switzerland adopts same sanctions as EU against Russia

      As the European Union last week slapped Russia with biting sanctions after it launched its full-scale invasion of Ukraine, Bern only said it would ensure that those penalties could not be circumvented via Switzerland.

    • Gold dips slightly after U.S. data, EU sanctions

      Gold dips slightly after U.S. data, EU sanctions

    • Shipping biz to revive in FY13; No plans to diversify: SCI

      SCI chairman-and-managing director S Hajara explains to CNBC-TV18 various facets of PSU‘s performance including the increase in the net loss to Rs 54.8 crore from Rs 5.9 crore.

    • Oil buyers cut more Iran imports due to sanctions

      Japan will slash crude purchases from Iran in April, and European and Taiwanese customers will also take less, industry sources told Reuters.

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