Page 10 - Russia

Russia says it will cut oil production by 500,000 barrels per day

Russia will cut oil production by 500,000 barrels per day next month in response to the West capping the price of its crude over the war in Ukraine, Deputy Prime Minister Alexander Novak said Friday, according to multiple Russian news media reports. As of today, we fully sell all our crude output, but as we stated before, we will not sell oil to those who directly or indirectly adhere to the price ceiling,' Novak said, in remarks carried on the Russian TASS news agency. In connection with that, Russia will voluntarily cut production by 500,000 barrels a day. It will help restore market-style relations, he said. International benchmark Brent crude rose 2.5% Friday, to $86.67 per barrel. The Group of Seven major democracies have imposed a $60-per-barrel price cap on Russian oil shipped to non-Western countries. The goal is to keep oil flowing to global markets to prevent price spikes seen last year while limiting Russia's financial gains that can be used to pay for the war against ..

The $1 billion-a-month spread to deliver Russian crude oil to India

There are fortunes to be made delivering Russian crude oil to India

Russia strikes attacks in Ukraine as bombardments gather pace: Kyiv

Russian forces unleashed a barrage of missile and drone strikes against targets in eastern and southern Ukraine early Friday, as a Moscow offensive that has been brewing for days appeared to pick up pace ahead of the one-year anniversary of its invasion. The Kremlin's forces focused their bombardments on Ukraine's industrial east, especially the Luhansk and Donetsk provinces, the Ukrainian military said. Moscow-backed separatists have been fighting Ukrainian forces there since 2014. The barrage struck critical infrastructure in Kharkiv, Ukraine's second-largest city in the northeast, and hit energy infrastructure in Zaporizhzhia in the southeast. Air raid sirens went off across much of the country. Zaporizhzhia City Council Secretary Anatolii Kurtiev said the city had been hit 17 times in one hour, which he said made it the most intense period of attacks since the beginning of the full-scale invasion on February 24 2022. The bombardments could be an effort by Russia to soften up ..

European Union assures Ukraine of support as Zelensky visits Brussels

Ukraine and the EU are "one family," European Commission President Ursula von der Leyen added, and that the country can depend on Europe's continued support in its fight against Russia

Russia, IAEA hold discussions on safety of Zaporizhzhia nuclear power plant

The Zaporizhzhia NPP, which is one of Europe's largest nuclear power plants, has been controlled by Russian forces since early March last year

Nord Stream blasts done by CIA, says investigative journalist

The report said a Central Intelligence Agency (CIA) working group came up with a covert operation plan to put explosives on the pipelines

Russia to display Sukhoi fifth-generation fighter at Aero India air show

The Sukhoi fifth-generation fighter jet, the Checkmate light tactical fighter and Orlan-30 drones will be among 200 types of the most advanced Russian-made armaments and military hardware that will be displayed at the upcoming Aero India 2023 international air show, Russia's state arms seller said on Thursday. The 14th edition of the biennial air show would be held at the Air Force Station at Yelahanka in Bengaluru from February 13-17. "Rosoboronexport will feature about 200 types of the most advanced Russian-made armaments and military hardware, including the Su-57E top-notch fifth-generation multirole fighter and the Checkmate light tactical aircraft," state-run TASS news agency reported, citing a statement from the company. It would also display the Il-76MD-90A (E) military transport plane, the Il-78MK-90A aerial refueling tanker, the Su-35 and Su-30SME fighters and the MiG-35D multirole frontline fighter. In addition, Rosoboronexport will present the Ka-226T light utility ...

NSA Doval meets President Putin in Moscow to discuss strategic partnership

National Security Advisor Ajit Doval called on Russian President Vladimir Putin and agreed to continue work towards implementing the India-Russia strategic partnership, the Indian embassy in Moscow said on Thursday. "NSA Ajit Doval called on HE President Putin. Wide-ranging discussion on bilateral and regional issues. Agreed to continue work towards implementing the India-Russia strategic partnership," the embassy tweeted. The Kremlin said President Putin met with heads of delegations taking part in the multilateral consultations on Afghanistan. On Wednesday, Doval attended the fifth multilateral meeting of Secretaries of Security Councils/NSAs on Afghanistan which was hosted by Russia. "We are also worried about attempts to use the situation in Afghanistan to allow extra-regional forces to expand or build their infrastructure," Putin said, according to the Kremlin. "These countries will create this under the pretext of countering international terrorism, but they are not doing ..

G-7 weighs sanctioning Chinese, N. Korean firms for aiding Russia military

The aim is to coordinate a package of measures by Feb. 24, the one-year mark of Russia's invasion of Ukraine, the people said, asking not to be identified discussing sensitive matters

Putin proposes revising Russia's strategy for scientific development

Russian President Vladimir Putin has said that it is necessary to revise the country's current strategy for scientific and technological development

MH17 inquiry: 'Strong indications' Vladimir Putin approved missile supply

An international team of investigators said Wednesday it found strong indications that Russian President Vladimir Putin approved the supply of heavy anti-aircraft weapons to Ukrainian separatists who shot down Malaysia Airlines flight MH17 in 2014 with a Russian missile. However, members of the Joint Investigation Team said they had insufficient evidence to prosecute Putin or any other suspects and they suspended their 8-year inquiry into the shooting down that killed all 298 people on board the Boeing 777 flying from Amsterdam to Kuala Lumpur. Russia has always denied any involvement in the downing of the flight over eastern Ukraine on July 17, 2014, and refused to cooperate with the international investigation. Dutch prosecutors said that there are strong indications that the Russian president decided on supplying a Buk missile system the weapon that downed MH17 to Ukrainian separatists. Although we speak of strong indications, the high bar of complete and conclusive evidence i

Russia will lose war, says Zelenskyy in historic address to UK lawmakers

Ukrainian President Volodymyr Zelenskyy on Wednesday predicted that Russia would lose the war against his country, and thanked the British people for their support from "Day One" since Moscow's military offensive. "I stand before you on behalf of our brave soldiers who are right now under artillery fire," Zelenskyy said in a rousing address to Parliament, during which he complimented the strong British character. Speaking of his country, Zelenskyy said Ukraine "will always come out on top of evil". "This lies at the core of our, and also your, traditions," he said ahead of his meeting with Prime Minister Rishi Sunak. "Russia will lose", Zelenskyy in a historic address, wearing his trademark olive sweatshirt. This is his first visit to the UK since Russia invaded Ukraine in February 2022. We know freedom will win, we know Russia will lose and the victory will change the world, he declared in his address at Westminster Hall. To coincide with the visit, Sunak extended UK's ongoing

Putin's invasion of Ukraine has been a test for the ages, says Biden

The invasion of Ukraine by Russia has been a test for the ages, and a test for the world, US President Joe Biden has said as he slammed his Russian counterpart Vladimir Putin for his military aggression. "I spoke from this chamber one year ago, just days after Vladimir Putin unleashed his brutal war against Ukraine. A murderous assault, evoking images of the death and destruction Europe suffered in World War II," Biden said in his address to a Joint Session of the US Congress on Tuesday night. President Putin launched a 'special military operation' in eastern Ukraine on February 24, 2022. "Putin's invasion has been a test for the ages. A test for America. A test for the world. Would we stand for the most basic of principles? Would we stand for sovereignty? Would we stand for the right of people to live free from tyranny? Would we stand for the defence of democracy? Biden posed a series of questions in his second State of the Union Address. "For such a defence matters to us because

Big Russia presence in India Energy Summit indicates stronger ties

The European Union ban on seaborne Russian fuel shipments, coupled with earlier restrictions on the bloc's crude purchases, give more impetus for Moscow to ramp up the flows to India

Russia wants normalisation of India-China relations: Russian Ambassador

Russia on Monday accused the US of "actively" exploiting the "contradictions" between India and China to its advantage and asserted Moscow and New Delhi accumulated mutual trust and confidence based on decades-old ties that would help the two sides to deal with the current geopolitical turbulence. In his address at a conference, Russian Ambassador to India Denis Alipov, at the same time, said that the India-Russia ties are "under stress" because of the tectonic geo-political shifts in view of the "arrogant" and "belligerent" approach by the US-led West on the Ukraine conflict. The envoy said Moscow wants to expand its economic engagement with Islamabad as a "weak" Pakistan is not good for the entire region including India. In a tweet later, he clarified that he meant a "destabilised" Pakistan is not in the interest of anyone in the region. The conference on 'Next Steps in India-Russia Strategic Partnership; Old Friends New Horizons' was organised by the India Writes Network and the

India's steady appetite for Russian crude lifts Jan inflows to record high

India's appetite for Russian crude oil in January rose to unseen levels, continuing to remain above traditional middle eastern suppliers for the fourth month in a row, as refiners rushed to snap up plentiful cargoes available at a discount to other grades. From a market share of less than 1 per cent in India's import basket before the start of the Russia-Ukraine conflict, Russia's share of India's imports rose to 1.27 million barrels per day in January, taking a 28 per cent share, according to energy cargo tracker Vortexa. India, the world's third-largest crude importer after China and the United States, has been snapping Russian oil that was available at a discount after some in the West shunned it as a means of punishing Moscow for its invasion of Ukraine. From a market share of just 0.2 per cent in India's import basket before the start of the Russia-Ukraine conflict, Russia's share of India's imports rose to 28 per cent in January 2023. Officials attending India Energy Week (IE

LIVE updates: 'Centre monitoring situation', says BJP on Adani stock rout

Live news updates: Delhi's Saket court discharges Sharjeel Imam in Jamia Violence case registered in 2019. Violence erupted after a clash between people protesting against Citizenship Amendment Act

Europe reaches deal for $100 per barrel price cap on Russian diesel

European Union governments tentatively agreed on Friday to set a USD 100-per-barrel price cap on sales of Russian diesel to coincide with an EU embargo on the fuel steps aimed at ending the bloc's energy dependence on Russia and limiting the money Moscow makes to fund its war in Ukraine. Diplomats representing the 27 EU governments set the cap on Russian diesel fuel, jet fuel and gasoline ahead of a ban taking effect on Sunday. It aims to reduce Russia's income while keeping its diesel flowing to non-Western countries to avoid a global shortage that would send prices and inflation higher. The information was provided by diplomats from 3 different EU member nations ahead of a formal announcement by the Group of Seven major industrialized nations. They spoke on condition of anonymity because the official announcement would come later. The USD 100-per-barrel cap applies to Russian diesel and other fuels that sell for more than the crude oil used to make them. Officials agreed on a US

World food prices decline for tenth month running in January, says FAO

World food prices fell in January for a 10th consecutive month, and are now down some 18% from a record high hit last March following Russia's invasion of Ukraine, the United Nations food agency said

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