
'100% tariffs' — Trump vows trade war if BRICS replaces dollar as reserve currency
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 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.
Ukraine’s surprise invasion of Russia’s Kursk Oblast has derailed Russia's plans to dictate a peace deal on its terms and strengthened Ukraine's hand in any future negotiations, Ukrainian officials and analysts say. “We must force Russia, with all our might and together with our partners, to make peace,
Indian Prime Minister Narendra Modi's visit will take place on Aug. 23, Ukraine's Presidential Office said. The visit, which was first announced by Indian media in July, will be the first Indian prime minister's trip to Ukraine in the history of bilateral relations between the two nations.
"In view of the recent security incidents" in the oblasts, "Indian nationals are advised to take necessary precautions and temporarily relocate outside these regions," the Indian Embassy wrote.
Indian Prime Minister Narendra Modi reportedly plans to visit Ukraine in late August, a little over a month after his controversial meeting with Russian President Vladimir Putin in Moscow, which coincided with NATO’s summit in Washington. Images of Modi hugging Putin – on the same day that Russia bombed a
Russia’s arms industry and its export capabilities have long been, as Russian President Vladimir Putin put it, a point of national pride. Even after launching its full-scale invasion of Ukraine in February 2022, Russia claims to be able to meet growing domestic demand and continue arms exports. State-sponsored propaganda
Ravi Moun, a 22-year-old Indian citizen recruited into the Russian army, died in the war against Ukraine, AFP reported on July 29, citing Moun's relatives.
U.S. Secretary of State Anthony Blinken met with India's Foreign Minister Subrahmanyam Jaishankar during the Quad Summit in Tokyo on July 28, to discuss among other things a "just and enduring peace" in Ukraine, a U.S. State Department spokesperson said.
Indian Prime Minister Narendra Modi is scheduled to travel to Kyiv in August, marking his first visit to Ukraine since Russia launched its all-out war in February 2022.
India summoned a Ukrainian envoy over President Volodymyr Zelensky's meeting between Indian Prime Minister Narendra Modi and Russian President Vladimir Putin last week, the Economic Times newspaper reported on July 16.
"When we are looking at Russia, we are looking at how both countries can gain by better trade relationships," Indian Trade Secretary Sunil Barthwal said during a press conference.
Ashvinbhai Mangukiya told the BBC's Indian service that he had received 4.5 million rupees ($54,000) from the Russian government after his son Hemil was killed in a missile strike in Ukraine while serving with the Russian army earlier in the year.
India's state-run refiners are in talks with Russia about a long-term oil import deal, Reuters reported on July 11, citing an undisclosed government source.