Russian Oil
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'India no longer buying oil from Russia...': Trump calls it 'good step' amid tariff dispute | Video
World | Aug 02, 2025, 06:42 AM ISTIndia, the world's third-largest oil importer, has been a key buyer of discounted Russian oil since Western sanctions were imposed on Moscow in 2022.
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Trump vows secondary tariffs on countries that buy Russian oil: Who is buying Russia's fossil fuels?
Explainers | Jul 15, 2025, 02:08 PM ISTChina has bought 47% of Russia’s crude exports, followed by India (38%), the EU (6%), and Turkiye (6%). Turkiye, the largest buyer, has purchased 26% of Russia’s oil product exports, followed by China (13%) and Brazil (12%).
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'Not dictating...': US officials say they haven't asked India to reduce purchase of Russian oil
World | Apr 04, 2024, 05:45 PM ISTTwo senior officials from the US Department of Treasury have arrived in India to urge New Delhi to maintain the implementation of the oil price cap aimed at limiting profits to Russia. The G7 nations, the European Union, and Australia jointly implemented a price cap after the Ukraine war began.
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US treasury officials to urge Indian govt to maintain implementation of Russian oil price cap
World | Apr 04, 2024, 07:36 AM ISTIn 2023, Russia had emerged as India's top oil supplier. India has strong economic and defence ties with Russia and has refrained from criticising Moscow over its war with Ukraine.
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Advised West to mind their own business....: Russia FM on 'friend' Jaishankar | WATCH
World | Mar 05, 2024, 12:32 PM ISTJaishankar recently said relations between India and Russia have always been stable and friendly and defended India's decision to import Russian oil in the outbreak of the Ukraine conflict. Lavrov compared Jaishankar's defence as "national dignity".
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Russia never hurt India's interests, always had stable and friendly ties: Jaishankar
World | Feb 20, 2024, 04:45 PM ISTJaishankar highlighted that Europe shifted to the Middle East for energy procurement and that India cannot share the same view as European countries on Russia. He also highlighted that Western countries preferred Pakistan over India for arms supply, but the trend has changed in the last decade.
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US sanctions UAE shipping firm for transporting Russian crude oil above USD60 per barrel price cap
World | Jan 18, 2024, 11:24 PM ISTThe United States, European Union, countries in the Group of Seven and Australia imposed a $60 a barrel limit in 2022 on Russian oil. Any purchases above the cap would violate the agreed-upon policy.
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Oil prices jump as Russia, Saudi Arabia extend voluntary production cuts, will it impact India?
World | Sep 06, 2023, 01:41 PM ISTA series of production cuts over the past year has failed to substantially boost prices amid weakened demand from China and tighter monetary policy aimed at combating inflation. But with international travel back up to nearly pre-pandemic levels, the demand for oil likely will continue to rise.
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'Iran ready to give special priority to India on oil but....': Dy FM signals to use rupee for trade
World | Jul 16, 2023, 09:44 PM IST"This is on our agenda, using our national currencies in our trade, commercial and economic exchanges particularly the example of India. We have made good progress in this...Hopefully, this could take new momentum and we could see widespread use of our national currencies in this process," the Irani
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What White House said on India purchasing Russian oil
India | Jun 24, 2023, 01:49 AM ISTSpeaking to reporters, John Kirby, NSC Coordinator for Strategic Communications said, "India has to make its own choices about (Russian) oil purchases and we hope that we can continue to see that they purchase Russian oil at or below the price cap, as they have been."
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Pakistan PM Shehbaz Sharif's biggest lie exposed: 'Not purchasing Russian oil on 'special discount'
World | Jun 18, 2023, 03:15 PM ISTFlaunting the development as the beginning of a new relationship between Pakistan and the Russian Federation, PM Shehbaz congratulated his entire team for cracking a deal which had never happened.
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India, China bought 80% of Russia's oil in May: Report
Business | Jun 16, 2023, 05:14 PM ISTRussia-origin seaborne crude exports averaged 3.87 million barrels per day in May, the highest since Russia invaded Ukraine in February 2022.
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After India, Pakistan begins transporting discounted Russian crude oil
World | Jun 12, 2023, 08:25 PM ISTOut of the 45,000 metric tonnes of crude oil, 3,000 metric tonnes were offloaded from the Russian ship to Pakistan Refinery Limited, Geo TV reported.
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Russia 'pressurising' India to avoid being placed on FATF's blacklist; Will India take any steps?
World | May 27, 2023, 05:27 PM ISTRecently, Prime Minister Narendra Modi met Ukraine's President Volodymyr Zelenskyy in Japan's Hiroshima during the G7 Summit, where India advocated for peace talks through dialogue and diplomacy. The move, according to multiple Russian news outlets, was not appreciated by Moscow officials.
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Pakistan: Imran again hails India for procuring Russian oil at discounted rate; laments he couldn't
World | Apr 09, 2023, 09:28 PM ISTAlthough his Russia tour was the first visit by a Pakistani premier to Moscow in the past 23 years, Khan could not broker any deal that could give relief to the cash-strapped country.
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Indian, Russian oil giants strike deal to boost oil supply despite Western pressure
World | Mar 29, 2023, 08:51 PM ISTCiting the statement released by Rosneft, the Russian media reported that the deal was signed during the working trip of Rosneft CEO Igor Sechin to India.
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'India prioritises national interests': Russian oil import soared THIS much despite sanctions
World | Mar 28, 2023, 07:21 PM ISTIt is worth noting that India is the world’s third-largest oil-consuming and importing nation. It imports 85 per cent of its crude oil needs.
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'Iran is ready to export oil to India.. can resist West sanctions': Iranian Ambassador To India
World | Mar 17, 2023, 05:04 PM ISTThe diplomat claimed India is neither Taiwan nor South Korea and added it is a rising power with a powerful economy. Elahi claimed that New Delhi can easily resist the power of the West.
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Pakistan likely to procure Russian crude oil on discounted rate: Reports
World | Mar 12, 2023, 05:12 PM ISTPakistan, which is currently grappling with high external debt and a weak local currency, is desperate to purchase cheap crude at discounted rates from Russia.
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'US Won't impose sanctions on India for purchasing Russian energy despite oil price cap': Pentagon
World | Feb 09, 2023, 06:21 AM ISTNotably, both the EU and the US adopted further price caps for seaborne Russian petroleum products including diesel and fuel oil last week.