Page 4 - India-russia Ties

Russia wants payment messaging system to align, but Indian banks wary

If the messaging platforms of India and Russia are connected, it might help in improving the payments settlement mechanism and provide Russia with a cover from further sanctions

Russia undercuts Saudi Arabian oil in India as competition heats up

Russian barrels were cheaper than Saudi crude during April through June, with the discount widening to almost $19 a barrel in May

Russia becomes India's third-largest coal supplier in July, shows data

India's imports from Russia have jumped nearly five times to over $15 billion ever since Russia invaded Ukraine

More oil middlemen muscle in to supply India with cheap Russian crude

Companies include Wellbred and Montfort have been marketing Russian oil to Indian buyers, joining the likes of Coral Energy and Everest Energy

Russia seeking payments for oil exports from India in dirhams: Report

Russia is seeking payment in United Arab Emirates dirhams for oil exports to some Indian customers, three sources said and a document showed

Explained: INSTC, the transport route that has Russia and India's backing

INSTC is a 7,200 km-long transportation network offering the shortest connectivity route to its member states. It was established on September 12, 2000, by Iran, Russia and India

India-Russia trade will continue despite Western sanctions: Envoy

Russia's envoy Denis Alipov underlined the strength of bilateral ties with India, saying the positive dynamics of trade between the two countries will continue despite sanctions against Moscow

Russia signs pact for supplying tech for Kudankulam nuclear power plant

LUCH Scientific Production Association, which is a part of Science and Innovations, the R&D unit of Rosatom will provide the new sensors designed for thermal control of NPP process equipment

Russia may be India's biggest crude supplier in June, a historic first

Russian oil is on pace to account for 21 per cent of all imports into India, shrinking the shares of Iraqi and US crude

Top Headlines: India Inc on GST issues, RBI's credit line norms & more

In the light of RBI not permitting the loading of PPIs from credit lines, card-based fintech players may have to stop their offers until the central bank clears the air on some issues

Top Headlines: India's Russian imports up, oversupply of India bonds & more

On the back of rising crude oil purchases, India's bill for imports from sanctions-hit Russia jumped 3.5 times in a year in April to $2.3 billion, showed data. Read more in our top headlines

India key strategic partner but we want pressure on Russia: US's John Kirby

India is a very key strategic partner in the Indo-Pacific region and the US lets Indian leaders speak about their economic policies, said US National Security Council coordinator John Kirby

How Indian, Russian banks plan to bypass sanctions to facilitate trade

In a bid to ensure smooth flow of trade without violating the West's economic sanctions on Russia, the Indian banks will open accounts with their Russian counterparts, and vice versa

Live: Centre announces incentives as Agnipath protests continue in states

Live news updates: Catch the latest on Agnipath protests, the coronavirus, the war in Ukraine and other news.

Russia becomes India's second biggest oil exporter in May: Report

In May Indian refiners received about 819,000 barrels per day (bpd) Russian oil, the highest thus far in any month, compared to about 277,00 in April, the data showed

Plenty of new opportunities for Indian business in Russian market: Envoy

A significant number of western business entities are leaving Russia over its attack on Ukraine as well as the subsequent economic sanctions imposed against it by the United States and Europe

How to wean the Indian military off its dependence on Russian arms

While half a billion dollars may seem like a lot of money, it really isn't when compared to the scale of the problem. Until recently, India bought almost all its frontline weaponry from Russia.

US readying an arms-aid package to wean India away from Russian weapons

The effort is part of a much larger initiative by Joe Biden's administration to court India as a long-term security partner, despite its reluctance to criticize Russia for its invasion of Ukraine

Will remain in touch with India on fighting Russian aggression: White House

We continue to remain in close touch with India about our efforts to rally the world to stand up against Russian aggression: White House Press Secretary Jen Psaki

Russian importers seek deals with small Indian firms to sidestep sanctions

Private players in Russia have met with potential suppliers in India's big cities and are opening specialised bank accounts at home for roubles-to-rupees transactions, with blessing of the two govts