Tag: India
Implications of EU’s Russian LNG Import Ban Amid Global Supply Strain
The EU’s Russian LNG ban introduces supply challenges amid high global prices and geopolitical tensions. With reduced imports and Asia-Europe market competition, the EU aims to sever reliance on Russian gas while maintaining winter readiness. Russia seeks Asian buyers for its LNG.
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Strategic Shift: India Reduces Russian Oil Imports Amid U.S. Talks
India’s largest refiners are avoiding new purchases of Russian oil as New Delhi moves closer to a trade agreement with the United States. Imports are expected to drop sharply as companies shift to suppliers in the Middle East, Africa and South America.
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Massive Russian Strikes Leave Ukraine Facing Widespread Power Cuts
Ukrenergo warned that power could be cut for 8–16 hours across much of Ukraine after Russian drone attacks crippled electricity and heating infrastructure. Cities including Kyiv, Kharkiv, and Donetsk face ongoing outages, while officials warn nuclear facilities were also targeted.
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PRC, India Slash Russian Oil Buys as EU Tightens Energy Sanctions
China and India are curbing direct Russian oil purchases after new U.S. sanctions, while the EU’s 19th package tightens energy measures and targets the shadow fleet. Moscow escalates rhetoric, battlefield attacks intensify, and partners boost aid to Ukraine.
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Record Global Military Outlays as Europe and Middle East Accelerate
SIPRI reports global military spending hit $2.718T in 2024, up 9.4%—the sharpest rise since the Cold War. Europe and the Middle East led gains; NATO outlays reached $1.506T. Russia surged, Ukraine bore the heaviest burden, and Israel’s war costs spiked 65% overall.
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Rosatom’s Global Power: How Russia’s Nuclear Empire Escapes Sanctions
Rosatom, Russia’s state-owned nuclear giant, earns over $18 billion a year while expanding global influence. Financing and building reactors abroad, it locks nations into dependency—yet despite its role in Moscow’s war machine, it remains untouched by sanctions.
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Indian state refiners may buy Mideast spot oil to replace Russian shortfall
Indian state refiners are considering tapping the Middle East crude market as supply from their top supplier Russia has fallen, refining sources said. The 3 large state refiners- Indian Oil Corp, Bharat Petroleum Corp, and Hindustan Petroleum, are short of 8-10 million barrels of Russian oil for January loading, the sources told Reuters.
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India Is Now Russia’s No. 2 Supplier of Restricted Technology
India has surged to become the second-biggest supplier of restricted critical technologies to Russia, US and European officials said, highlighting the challenge in efforts to choke off exports fueling Russia’s war machine – Bloomberg.
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India surpasses China to become Russia’s top oil buyer in July
India overtook China as the world’s biggest importer of Russian oil in July as Chinese refiners bought less because of lower profit margins from producing fuels, a comparison of import data showed. Russian crude made up a record 44% of India’s overall imports last month, rising to a record 2.07 million barrels per day, 4.2% higher than in June and 12% more than a year ago, data on Indian shipments from trade and industry sources showed.
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