“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
Despite political pressure from President Donald Trump directed at key importers — India, Turkey, Hungary, and Slovakia — these countries are in no hurry to abandon Russian crude.
The recovery was enabled by government support, settlement workarounds, and a shift from exports to the domestic market.
The initiative came during the U.S. president’s video call into a meeting of senior U.S. and EU officials in Washington, where they discussed ways to raise the cost of the war for Moscow.
The leaders of China, Russia and India appeared before the press holding hands and pledging deeper cooperation—a gesture aimed not only at participants of the gathering but also at Washington.
Trump’s trade war has pushed Moscow, New Delhi, and Beijing into a tactical rapprochement. Yet beneath the outward unity lies an old, deep-seated mistrust.
Nayara is a major player in India: its refinery of about 400,000 barrels per day accounts for 8% of the country’s processing capacity, and its network of filling stations covers roughly 7% of the retail fuel market.
According to analysts at Kpler and Energy Aspects, Chinese companies have already bought between 10 and 15 cargoes of Urals for October and November delivery — significantly more than their usual intake.
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.
