The margins of India's oil marketing companies (OMCs) are unlikely to come under significant pressure despite the United States imposing sanctions on two of Russia's largest crude oil producers, Rosneft and Lukoil, according to a report by Fitch Ratings.
In a major step towards strengthening India's energy security, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri announced that Indian public sector oil companies have, for the first time, signed a one-year deal to import liquefied petroleum gas (LPG) from the United States.
Addressing the weekly media briefing, Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said India's position on energy sourcing remains unchanged and guided by national interests.
Russian President Vladimir Putin had yesterday in his address to the Federal Assembly (Russia's bicameral parliament) stated that Moscow had developed a small-sized nuclear power unit that could be used in a cruise missile to extend its range practically indefinitely. According to Putin, thi
Ukrainian President Zelenskyy urged the US to expand sanctions on all Russian oil companies and provide long-range missiles, highlighting Russia's economic struggles. During talks in London with European leaders, he emphasized strengthening Ukraine's defences and countering Moscow's ongoi
When asked about the Russian President criticising the sanctions, President Trump told presspersons in the White House, "I am glad he feels that way. I'll let you know about it in six months from now. Let's see how it all works out."
The imposition of new sanctions on Russian oil companies by the United States was "appropriate and necessary", a sign of the frustration over the slow progress being made on a potential Russia-Ukraine peace deal, White House Press Secretary Karoline Leavitt said on Thursday (local time).<
Following the peace deal in the Middle East and the end of the Israel-Palestine war, Leavitt expressed confidence in the newly imposed "hefty" sanctions on Russian oil companies, repeating the claim that India, along with other countries, will scale back oil purchases from the country.
European Commission President Ursula von der Leyen welcomed a call with US Treasury Secretary Scott Bessent and praised the US sanctions on major Russian oil companies, saying the measures, alongside the EU's 19th package, signal continued transatlantic pressure on Russia over its lack of co
The UK, on October 16, announced around 90 new sanctions on the Russian oil sector in an effort to put pressure on the country to stop the Ukraine war. A week later, on October 23, the United States announced sanctions on two of Russia's biggest oil companies.
US President Donald Trump on Wednesday (local time) announced new sanctions targeting Russia's two largest oil companies, Rosneft and Lukoil, in a bid to pressure Moscow to end the war in Ukraine.
The US Department of the Treasury on Wednesday (local time) imposed sanctions on Russia's two largest oil companies, Rosneft and Lukoil, in an effort to pressure the Kremlin to end its war in Ukraine.