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India Steps Up Purchases Of Sanctions-Free Russian Crude By Irina Slav of OilPrice.com India's Bharat Petroleum Corp. and India Oil Corp. have bought Russian crude from non-sanctioned companies, with Bharat Petroleum ordering a cargo of 2 million barrels of Urals crude for January delivery, from companies other than Rosneft and Lukoil, Reuters has reported, citing unnamed trader sources. The price tag for the cargo featured a discount of $6-$7 to Brent crude, the sources told Reuters. This is actually slimmer than the futures market difference between Urals and Brent. Brent is trading at a bit over $63 per barrel, while the flagship Russian blend is changing hands for over $54 per barrel. Rosneft and Lukoil handled around half of Russia's total oil exports, or around 2 million barrels daily, until November 21, when fresh U.S. sanctions came into effect targeting specifically the two companies. Since then, importers and exporters alike have been looking for—and finding—ways around the san...

Einem Bericht zufolge soll Indien erwägen, zwölf Jahre länger Kohlekraftwerke zu bauen als geplant. Klimaforscher sind entsetzt....

'Uninterrupted Oil Shipments': Putin Questions US Punishing India During Red-Carpet Welcome Russian President Vladimir Putin is in India for a two-day official visit, greeted by New Delhi city streets decked out in "Welcome to India" posters, celebratory images of Putin's portrait, and alternating Russian and Indian flags. Prime Minister Narendra Modi was actually present at the airport in Delhi to receive Putin Thursday night, which marks a rare break from protocol. The Russian leader met with Prime Minister Modi and senior Indian officials, and the agenda included a wreath-laying ceremony at the Mahatma Gandhi memorial, the signing of economic and strategic partners ship deals, and participation in the Russian-Indian Business Forum. Putin's last trip to India was five years ago, in 2021, and Modi's visit to Moscow last year came at a sensitive and crucial point at which the West was trying to impose total isolation on Moscow, amid the grinding Ukraine war. AFP/Getty Images ...

Likhachev also noted that Rosatom has agreed with India a on memorandum on the construction of new nuclear power units, on expanding the agenda to include low-power units, on engaging Indian partners in the fourth generation, and on localizing a whole range of fuel cycle competencies...

The countries are also discussing the possibility of integrating Russia's national digital transport and logistics platform with India's Unified Logistics Interface Platform...

Russian Economic Development Minister Maxim Reshetnikov stressed the importance of achieving parity in the negotiations...

Russian First Deputy Prime Minister Denis Manturov stressed that these are precisely the aircraft that meet India's requirements...

Regular flights are operated on four routes with a total frequency of 15 flights per week...

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IndiGo canceled more than 1,000 flights Friday as it struggled to implement new rest time rules for pilots and nighttime flying restrictions....

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Deputy Head of Russia's Federal Customs Service Tatyana Merkushova stressed that the launch of the new mechanism will reduce the timeframe and improve the efficiency of customs control for all participants in foreign economic activity between Russia and India...

According to the statement, a memorandum signed by Russia's Transport Ministry and India's Ministry of Ports, Shipping and Waterways creates the necessary legal basis for the training of qualified personnel...

The Russian side is currently awaiting a response from its Indian partners regarding the draft of the relevant intergovernmental agreement, which Russia prepared and submitted to India...

Piyush Goyal named manufacturing, agriculture, electronics, textiles, and pharmaceuticals among promising areas...

India's Commerce Minister Piyush Goyal said the Russian-Indian business forum saw productive discussions...

India's Foreign Secretary Vikram Misri noted that the talks between the two countries' leaders focused on economic issues, including trade...

India can boost its exports to Russia seven-fold, reaching $35 billion by 2030, by tapping into sectors like food, pharmaceuticals, and textiles. Currently, trade is heavily skewed towards oil imports, with exports lagging significantly. A key hurdle is the lack of a predictable payment system, hindering broader market access for Indian goods....

Denis Manturov confirmed that the labor mobility agreement was signed during the Russian-Indian summit in New Delhi...

Amidst US sanctions on Russian oil majors, President Putin has assured India of consistent energy supplies, including oil, gas, and coal. This comes as India faces US pressure over its crude oil trade with Russia. Beyond fossil fuels, Russia is also deepening collaboration with India in nuclear energy, transport logistics, and advanced technology sectors....