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
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
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.
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 spokesman Dmitry Peskov said Moscow would study the list before responding.
The EU governments agreed to tentatively impose a $60 per barrel price cap on Russian oil on December 1.
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+.
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?
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?
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.
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
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.
Japan will slash crude purchases from Iran in April, and European and Taiwanese customers will also take less, industry sources told Reuters.