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26.03.26 - 04:46
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Russia Launches Springtime Offensive On Ukraine, As "That Other War" Drags On (ZeroHedge)
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Russia Launches Springtime Offensive On Ukraine, As "That Other War" Drags On
Just days after we reported that trilateral peace negotiations between Russia, Ukraine, and the Trump administration had been suspended - likely indefinitely - thanks to Washington's escalating involvement in the Iran war, Reuters is now confirming the inevitable: Moscow is pressing ahead with a fresh springtime offensive while Kiev scrambles to hold the line.
As we reported before, from the collapse of talks in Geneva and Miami to Putin's envoy shuttling back for what turned out to be fruitless charades, the Iran war has not only sucked up U.S. attention and air-defense munitions Ukraine desperately needs, but has also juiced Russian oil revenues at the worst possible moment for Kremlin planners.
According to the latest from Kiev, Ukraine's strategy now boils down to "building on recent tactical successes and battlefield innovations like mid-range strikes" to blunt the assault on the so-ca...
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25.03.26 - 18:01
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In Win For Putin, India Buys 60 Million Barrels Of Russian Oil, As Refiners Increasingly Transact In Yuan, Dirham (ZeroHedge)
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In Win For Putin, India Buys 60 Million Barrels Of Russian Oil, As Refiners Increasingly Transact In Yuan, Dirham
Indian refiners have bought about 60 million barrels of Russian oil for delivery next month, which is set to ease some supply concerns as the Middle East war chokes flows.
Citing people familiar, Bloomberg reports that the cargoes were booked at premiums of $5 to $15 a barrel to Brent. The volume is similar to the amount of purchases for this month, but more than double than that for February, according to data intelligence firm Kpler.
The buying spree followed a US waiver that allowed India to take Russian oil that was already loaded onto vessels before March 5 to offset shortages caused by the effective closure of the Strait of Hormuz. The measure was subsequently expanded to include other countries and updated to allow purchases of crude already at sea before March 12.
India has bought ~60 million barrels of Russian oil in March, and already booked a similar amount for deliver...
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