
India, Pakistan agree to 'full and immediate ceasefire,' Trump says
The announcement follows mounting fears that the two nuclear-armed countries were on the brink of engaging in another full-scale war.
The announcement follows mounting fears that the two nuclear-armed countries were on the brink of engaging in another full-scale war.
The decline in crude prices started in early April when U.S. President Donald Trump announced new tariffs on imports. China responded with its own tariffs, sparking a trade war between the world's biggest oil consumers.
Kremlin spokesperson Dmitry Peskov confirmed that while India "will be represented," it will not be at the highest level and did not specify Prime Minister Narendra Modi's reasons for refusing the invitation.
India's imports of Russian crude are likely to hit 2.15 million barrels per day in April, the highest volumes since May 2023, Bloomberg reported on April 22, citing Kpler data.
India is developing a new strategy to boost its defense exports, offering long-term, low-cost loans through its state-owned Export-Import Bank to foreign buyers, including those traditionally reliant on Russian arms, Reuters reported on April 16, citing officials familiar with the plan.
Key developments on April 7: * Russia claims capture of Sumy Oblast village, Ukraine calls it "disinformation campaign" * Russian forces push to secure ground west of Oskil River in Kupiansk sector, Ukraine says * Over 77,000 Russian targets hit, destroyed in March using drones, Ukraine's commander says * Indian component found in
The discovery came as HUR documented nearly 200 newly identified parts across six types of Russian weaponry.
The 20-year-old Andaman Skies was last week barred from entering the Indian port of Vadinar due to safety concerns over its seaworthiness.
Donald Trump previously threatened to impose additional tariffs against Russia, threatening a "25% tariff on all oil, a 25- to 50-point tariff on all oil."
Russia has overtaken the United Arab Emirates as India's top naphtha supplier in the past year, as Indian refiners capitalize on discounted Russian shipments, Reuters reported on March 20, citing preliminary ship-tracking data.
Sources suggest that Russia will likely continue using digital currencies in energy trade even if Western sanctions are lifted.
Russia has offered to manufacture its fifth-generation Su-57 stealth fighter jet for the Indian Air Force amid deepening ties between Moscow and New Delhi, Reuters reported on Feb. 11, citing two officials.
The BRICS group, composed of Russia, China, India, Brazil, and other nations, has been exploring ways to reduce reliance on the U.S. dollar.
The disruption has led to stalled trade in Russian crude loaded for March delivery as rising shipping costs created a significant price gap between buyers and sellers, according to Reuters.
Following the new restrictions, financial institutions in India began blocking payments for Russian crude, Energy Intelligence reported. India is currently the leading importer of Russian oil.
Russian state-owned oil company Rosneft and Indian refining giant Reliance Industries have finalized a landmark agreement to supply 500,000 barrels of oil daily for the next 10 years, Reuters reported on Dec. 12.
"Modi is the PM of a really huge country from the perspective of population, economy, influence and impact. Such a country cannot just say we are interested in the end of the war – we are all interested in that. PM Modi can influence the end of the Ukraine war," President Volodymyr Zelensky said.
Ukraine's Strategic Industries Minister Herman Smetanin met with India's Ambassador to Ukraine Ravi Shankar on Oct. 26 to discuss strengthening defense industry cooperation between Kyiv and New Delhi, the Strategic Industries Ministry announced.
Imran Khan, cricket star and then-prime minister of Pakistan, visited Russia on Feb. 23-24, 2022 – the first visit by a Pakistani leader to Russia in over two decades. On the second day of his visit, Russia launched its full-scale invasion of Ukraine. Some political analysts suspected that Khan’s visit
India will not purchase liquefied natural gas (LNG) from Russia's Arctic LNG 2 project, which has been sanctioned by Western countries, Indian Oil Secretary Pankaj Jain said on Sept. 27, Reuters reported. Arctic LNG 2, owned by Russia’s Novatek, aims to produce nearly 20 million metric tons of LNG
The two discussed trade, economic and defense cooperation, India's involvement in Ukraine's post-war reconstruction, and collaboration in educational, scientific, and cultural initiatives, according to Zelensky's office.
"(W)e reiterate the need for a comprehensive, just, and lasting peace in line with international law, consistent with the purposes and principles of the U.N. Charter, including respect for sovereignty and territorial integrity."
As the full-scale invasion continues, Western countries are imposing increasingly severe sanctions on Russia, forcing it to seek new partnerships with Asian powerhouses China and India.
Artillery ammunition manufactured in India is being diverted to Ukraine "despite protests from Moscow," Reuters reported on Sept. 19, citing customs data and nearly a dozen Indian and European government and defense industry officials.
Forty-five Indians tricked into joining the Russian military fighting in Ukraine have been released, with 50 more yet to be discharged, NDTV reported on Sept. 12, citing the Indian Foreign Ministry.
Russia and India developed covert trade links so the Kremlin could acquire components needed for its war effort, the Financial Times reported on Sept. 5.
President Volodymyr Zelensky said on Aug. 25 that negotiations are ongoing with Saudi Arabia, Qatar, Turkey, and Switzerland to organize a second peace summit. In a conversation with Indian journalists, Zelensky revealed that he had informed India's Prime Minister Narendra Modi of his support for India hosting the summit.
The Joint Working Group was established by the 2012 Defense Cooperation Agreement. The first meeting was held in Kyiv on June 4-6, 2018.
Modi arrived in Kyiv on the morning of Aug. 23, the first time an Indian prime minister set foot in Ukraine since diplomatic relations were established over 30 years ago.
The historic visit is the first time an Indian prime minister set foot in Ukraine since diplomatic relations were established over 30 years ago.
Indian Prime Minister Narendra Modi will arrive in Ukraine on Aug. 23 for a historic visit, the first time an Indian prime minister set foot in Ukraine since diplomatic relations were established over 30 years ago. India, the world's largest country by population and an increasingly powerful player on the
India overtook China as the world’s largest importer of Russian oil in July as Chinese refiners bought less due to lower profit margins from fuel production, Reuters reported on Aug. 22, citing a comparison of import data.