NEW DELHI: ONGC Videsh (OVL) is transferring to switch about $600 million in roubles to Russia as its contribution in ‘abandonment fund’ for securing deserted wells within the Sakhalin-I oil venture, assembly a situation for registering its 20% stake with the brand new operator appointed by Moscow after ExxonMobil’s exit…
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Russian oil dominates India’s oil imports; share of Iraq, Saudi Arabia, UAE and US falls
Russia dominated India’s oil imports in 2023-24 regardless of lowering reductions on oil and sanctions from G7 nations for its actions in Ukraine. In keeping with vitality cargo tracker Vortexa, Russian oil now accounts for 35% of India’s whole imports, up from 23% the earlier 12 months.In the meantime, different…
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Yellen warns China banks over Ukraine
US treasury secretary Janet Yellen wrapped up 4 days of talks in China with a warning to the nation’s banks and exporters: In case you assist bolster Russia’s navy capability, Washington will come after you.”I stressed that companies, including those in the PRC, must not provide material support for Russia’s…
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China pips India to grow to be largest purchaser of sea-borne Russian crude at deeply discounted costs
China pips India in shopping for Russian oil! India is not the highest purchaser of seaborne Russian oil. The nation has been compelled to reject some cargoes of sea-borne Russian oil due to sanctions. China is now lapping oil from Russia at deeply discounted charges. In March, China outpaced India…
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Ukraine battle is altering the worldwide arms commerce
France has overtaken Russia on the listing of the most important weapons exporters, a research from the Stockholm Worldwide Peace Analysis Institute has discovered. The US has bolstered its international dominance in arms gross sales.Russia’s 2022 invasion of Ukraine and the continuing battle has pushed new arms buying in Europe…
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Oil costs fall on China demand worries
TOKYO/NEW DELHI: Oil costs prolonged final week’s losses on Monday on concern about gradual demand in China, though lingering geopolitical danger surrounding the Center East and Russia restricted the decline. Brent futures fell 12 cents, or 0.2%, to $81.96 a barrel as at 07.23 GMT, whereas US West Texas Intermediate…
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How this Wi-Fi title landed Russian pupil in jail
A courtroom within the Russian capital Moscow has sentenced a pupil to 10 days in jail for his Wi-Fi title. The coed renamed his Wi-Fi community with a pro-Kyiv slogan through the army motion in Ukraine, a report stated.As per the Ria-Novosti information company, the coed at Moscow State College…
