Page 4 - India Russia

UCO Bank becomes first lender to get RBI's approval for rupee trade

Many banks in India are planning to open such special vostro accounts for settling trade transactions with other nations

Why are fuel prices at pumps not going down?

From $124 in March, price of crude oil has come down below $90 now. Add it with the oil imports from Russia, the retail prices of fuel should have come down now by now. But it's not. Find out why

Russia's secret gem sales fracturing diamond trade from Mumbai to New York

Many in the industry refuse to deal in Russian gems following the invasion of Ukraine and after mining giant Alrosa PJSC was hit with US sanctions

India's international canvas

The nation's diplomacy enters a critical phase

This era not of war, PM Narendra Modi tells Vladimir Putin at SCO meet

Russian prez says he understands India's position, concerns

PM Modi's outreach to Vladimir Putin risks putting India in US crosshairs

Modi so far has managed to thread the needle between the two sides while advancing India's own interests. He's sought cheaper oil and much-needed weapons, to counter Beijing's aggression

India-Russia trade hits roadblock as Moscow wants ruble for its exports

Moscow is pushing for ruble payment for crude imports after Russia's energy major Gazprom signed a deal with China to start payments for gas supplies to China in yuan and rubles instead of dollars

Russian Unistream bank in talks on instant money transfers to India, Turkey

Russian bank Unistream, which specialises in money transfers, has seen a surge in remittances since Moscow began operations in Ukraine and plans to launch instant transfers to India, Turkey

Russia's exclusion may pave way for India into global bond index

Getting high-yielding Indian sovereign bonds into global indexes would make it easier for overseas investors to put their money into Asia's third-biggest economy with its $1 trillion debt market

Managing inflation can't just be left to RBI: FM Nirmala Sitharaman

'Monetary and fiscal policies have to work in tandem; importing Russian oil part of inflation management'

India keen on strengthening energy ties with Russia: Modi tells summit

PM's virtual address to Vladivostok meeting calls for 'diplomacy, dialogue' to end war in Ukraine

India keen to strengthen partnership with Russia on Arctic subjects: PM

India is keen to strengthen its partnership with Russia on Arctic subjects and there is immense scope for cooperation in the field of energy as well, Prime Minister Narendra Modi said on Wednesday. In an online plenary session address at the Eastern Economic Forum, being organised in the Russian city of Vladivostok and also attended by Russian President Vladimir Putin, Modi also said India has been emphasising the need to adopt the path of diplomacy and dialogue since the beginning of the Ukraine conflict and it supports all peaceful efforts to end the conflict. Recalling his participation at the forum summit physically in 2019, Modi said India had announced its "Act Far-East" policy at that time and as a result of that, India's cooperation with the Russian Far East has increased in various fields. "This policy has now become a key pillar of the 'Special and Privileged Strategic Partnership' between India and Russia," he added. "This month itself, 30 years are being completed since

PM condoles Gorbachev's demise, hails his contribution to India-Russia ties

Prime Minister Narendra Modi on Thursday condoled the demise of former Soviet leader Mikhail S Gorbachev, and said he was one of the leading statesmen of the 20th century who left an indelible mark on the course of history. Gorbachev died at a hospital in Moscow on Tuesday at the age of 91 after a "serious and prolonged illness", according to the Russian media. His death prompted an outpouring of condolences and tributes from leaders across the world. "I extend our deepest condolences to the family and friends of H.E. Mr. Mikhail Gorbachev, one of the leading statesmen of the 20th century who left an indelible mark on the course of history," Modi said in a tweet. "We recall and value his contribution to strengthening of relations with India," he said. Gorbachev was the leader of the Soviet Union from 1985 until its collapse in 1991. He visited India in 1986 as well as in 1988. Gorbachev was awarded the Nobel peace prize for negotiating a historic nuclear arms pact with the then Un

West's criticism of India for Russian oil imports double standards: Russia

The criticism of India by the Western countries on its imports of Russian crude oil while exempting themselves from their "own illegitimate sanctions" is a reflection of their unprincipled position and double standards, Russian Ambassador Denis Alipov said on Sunday. In an exclusive interview to PTI, the envoy said trade between India and Russia has been on an upswing and both sides have several payment systems in place and that there is an option even of using currencies of third countries with certain "partners" in Asia and in the Middle East offering viable choices. Historically, Russia has not been a major source of fossil fuel for India but the imports of discounted Russian crude oil have seen a massive increase in the last few months, notwithstanding rising disquiet in many Western capitals. "Those in the West who criticise India not just slyly keep silent about the fact that they themselves actively buy Russian energy resources exempting them from their own illegitimate ...

US urges India to join Western crude price cap coalition against Russia

US dy secretary of treasury Wally Adeyemo meet FM Sitharaman during the final lap of his three-day trip to India, after visiting RBI governor Shaktikanta Das on Thursday

India breaks streak of UN abstentions on Ukraine, votes against Russia

Breaking its streak of abstentions on votes related to Ukraine, India has voted for a procedural matter that Russia opposed at the UN Security Council

India calls Russian invasion on Ukraine 'an affront to common security'

Common security is only possible when countries respect each other's sovereignty and territorial integrity, as they would expect their own sovereignty to be respecteda

Russia detains IS suicide bomber plotting terrorist attack in India

Russian Federal Security Service said that its officers had detained a suicide bomber, a member of Islamic State terrorist group, plotting a terrorist attack against one of India's leadership elite

Live news: Misuse of probe agencies erodes their credibility, says Congress

From coronavirus cases to Russia-Ukraine conflict, and more, catch all the live updates from across the globe here

"Not flipping a light switch": US defends ties between India, Russia

The United States appeared to be defending India's policy choices, saying that it will take a long time for countries who have historic ties with Moscow to reorient their foreign policy