International
U.S. Treasury Secretary Scott Bessent said the U.S. will not impose additional tariffs on Chinese goods over China’s purchases of Russian oil — unless European countries first impose steep duties themselves. Europe’s Expected Role Bessent emphasized that Europe must “do their share” to reduce Russia’s oil revenue. He suggested that strong “secondary tariffs” by European
Business Trade
The exit of Western firms from Russia has opened space for Indian exporters to expand their presence. ITE Group CEO said the situation could help bilateral trade between India and Russia reach USD 100 billion in the coming years. Opportunities for Indian Exporters With Western companies pulling out, Indian firms, especially MSMEs, are finding opportunities […]
International
U.S. President Donald Trump criticised European countries for continuing to import oil from Russia despite the Ukraine war. He said their sanctions lacked strength and called for tougher action to match U.S. efforts. Trump’s Key Remarks Trump stated that Europe’s ongoing purchases of Russian oil were “not acceptable.” He urged NATO and EU nations to […]
International
Ukrainian drones targeted the Kirishi oil refinery in Russia’s Leningrad region overnight on 14 September 2025. Russian officials said three drones were intercepted, but falling debris caused a fire at the site. No casualties were reported. Kirishi Refinery’s Importance The Kirishi facility, run by Surgutneftegaz, is one of Russia’s largest refineries with a processing