NEW DELHI: India saved an estimated $7.9 billion in oil import in the 11 months of 2023-24 financial year ended March 31, compared to $5.1 billion over the whole of 2022-23, by purchasing higher volumes of Russian crude at deep discounts, ICRA Research said on Tuesday.The savings leads to a “compression” of 15-22 basis points…
NEW DELHI: In a shocking twist to a years-long mystery, German-American billionaire Karl-Erivan Haub, who vanished during a hike in the Alps in 2018 and was declared legally dead in 2021, has reportedly been discovered alive and well in Moscow, allegedly living with a Russian mistress named Veronika Ermilova, according to the Metro.Haub, 58 at…
NEW DELHI: Russian President Vladimir Putin may meet his Chinese counterpart Xi Jinping, the Kremlin dropped a hint but gave no timeframe regarding his visit to Beijing. Kremlin Spokesperson Dmitry Peskov, responding to a question on the Russian president’s possible visit to China, casually dropped a hint, saying, foreign minister Sergei Lavrov’s visit to Beijing…
US treasury secretary Janet Yellen wrapped up four days of talks in China with a warning to the country’s banks and exporters: If you help bolster Russia‘s military capacity, Washington will come after you.“I stressed that companies, including those in the PRC, must not provide material support for Russia’s war, and that they will face…
While Beijing and Moscow have displayed a facade of an “unlimited partnership” on the global stage, tensions are brewing in the far-eastern corner of Russia, Primorsky Krai, as it attracts a significant influx of Chinese farmers. These farmers, benefiting from their economic prowess, are outpacing local competitors, posing a subtle challenge to local Russian dominance.This…
NEW DELHI: Khabarovsk, the largest city in Russia‘s far east, is under a state of emergency after a nuclear radiation leak was detected. According to news reports, the authorities found high radiation levels near a power pylon located about 2.5 kilometers away from residential areas.No injuries or exposure to radiation have been reported, and officials…
NEW DELHI: A Russian Soyuz capsule carrying two women including the first Belarusian and one man landed safely in Kazakhstan on Saturday, about 3.5 hours after departing the International Space Station. The spacecraft, Soyuz MS-24 carrying NASA astronaut Loral O’Hara Roscosmos cosmonaut Oleg Novitskiy, and spaceflight participant Marina Vasilevskaya of Belarus came back to Earth…
NEW DELHI: Two senior treasury department officials, who are in India to discuss what is Phase 2 of the Russian oil price cap, said Thursday the US and others imposing the cap, are seeking to minimise Kremlin’s profits and stifle its Ukraine aggression, but without destabilising the global energy market or forcing India to slash…
China pips India in buying Russian oil! India is no longer the top buyer of seaborne Russian oil. The country has been forced to reject some cargoes of sea-borne Russian oil because of sanctions. China is now lapping oil from Russia at deeply discounted rates. In March, China outpaced India in importing Russian crude by…
NEW DELHI: In the aftermath of the harrowing attack on Moscow’s Crocus City Hall, which left at least 140 people dead, the Russian Foreign Ministry is casting doubt on the involvement of Islamic State, despite its claim of responsibility. Spokeswoman Maria Zakharova expressed skepticism on Wednesday, saying it was “extremely hard to believe” that Islamic…
