“Unofficial” visit, seeking to establish agreements that could undermine Western sanctions designed to restrict Russia’s access to critical energy technology.
“Rouble faces pressure as Russia’s trade surplus shrinks, traders warn via Reuters.”
India’s largest state-owned oil refiner, Indian Oil Corp (IOC), has sharply increased its purchases of crude oil from alternative suppliers, acquiring at least 5 million barrels from the United States and another 2 million from Abu Dhabi. According to Bloomberg, citing traders familiar with the transactions, the deliveries are scheduled for the near future—making them unusually urgent by the company’s usual standards. Washington Increases Pressure on New Delhi IOC’s intensified activity follows mounting pressure from both the United States and the European Union, which have recently criticized India for increasing its imports of Russian oil. President Donald Trump has once
Brazilian President Luiz Inácio Lula da Silva held a phone conversation with Chinese President Xi Jinping after recent talks with the leaders of India and Russia.
This marks a shift in global oil trade as President Donald Trump ramps up pressure on India over its purchases of Russian oil.
The dispute escalated after Trump published a statement on Truth Social criticizing the Indo-Russian relationship.
Clients are now required to make an advance payment or present a documentary letter of credit before a shipment of naphtha scheduled for next month.
