The 27 member states of the European Union formally adopted the regulation on phasing out Russian imports of both pipeline gas and liquefied natural gas (LNG) into the EU on Monday.
The European Union announced it is entering a "new era" by phasing out all Russian gas and oil imports, with gas imports to stop by autumn 2027, European Commission President Ursula von der Leyen said on Wednesday.
The Council confirmed that imports of Russian gas will be prohibited from January 2026, while maintaining a transition period for existing short term contracts from June 2026 whereas long-term contracts may run until January 1, 2028.
The withdrawal of some Western companies from the Russian market has created significant voids across key sectors, opening up new opportunities for Indian MSMEs and other companies, said Dmitry Zavgorodniy, Chief Executive Officer (CEO) of ITE Group, a Russian company.
United States President Donald Trump on Friday (local time) suggested that India may cease purchasing Russian oil, calling it "a good step" if confirmed, while India has defended its sovereign right to conduct energy policy based on national interest. Earlier on Friday, the Ministry of Ex
Beijing [China], March 26 (ANI): Taking advantage of the distressed situation of its military friend, Russia in the ongoing Ukraine war, the possibility of China speeding up the modernization of its military and its nuclear arsenal is real.
Beijing [China], March 16 (ANI): China is willing to help out Russia in facing western sanctions brought on by the invasion of Ukraine but only to that extent where it itself does not face sanctions and its internal food security is not compromised.