After a five-year hiatus, the Indian Prime Minister, Narendra Modi, visited Russia twice in 2024, reaffirming that both countries see their relationship as important. President Vladimir Putin’s imminent visit to New Delhi,

India’s state refiners are rushing to speed up payments for Russian crude, hoping to complete their trades before a dramatic expansion of Washington’s curbs on Moscow’s oil industry effectively comes into force next month, people familiar with the ...

Russia also accounts for about 65% of India’s arms imports over the past 20-odd years. Besides, they argued, India needs to nurture the relationship to offset warming ties between Russia and China, India’s chief rival.

The Indian government has taken up the issue with Russian authorities regarding the death of an Indian from Kerala serving in the Russian military and

The wide-ranging sanctions imposed by the U.S. on the Russian oil sector have started to dent near-term oil flows to India with state-owned Bharat Petroleum Corporation Ltd. (BPCL) saying not enough cargoes are available for March.

Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Oil refiners in India are reaching for all available options in the rush to make up for Russian flows hit by Washington’s latest round of sanctions,

The wide-ranging sanctions imposed by the US on the Russian oil sector have started to dent near-term oil flows to India with state-owned Bharat Petroleum Corporation Ltd (BPCL) saying not enough cargoes are available for March.

Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs.

Randhir Jaiswal said the matter was “strongly taken up” with Russian authorities in Moscow and with the Russian embassy in New Delhi on Tuesday

State-owned oil refiners in India, the top importer of seaborne Russian crude, believe the impact from the latest US sanctions may be temporary as Moscow finds workarounds, and the new Trump administration takes a softer line against the OPEC+ member.

Interesting developments are taking place in north Africa as a result of the recent regime change in Syria. And these developments are intertwined with the Ukraine war. As has been reported, Russia is looking