Union Commerce and Industry Minister Piyush Goyal has questioned the selective approach of Western nations towards sanctions on Russian oil, asking why India is being singled out. Speaking at a session in Berlin, Goyal pointed out that while European countries, including Germany and the UK,
In a Sunday statement, Indian energy giant Reliance Industries Ltd confirmed that it will abide by sanctions imposed by the United States, United Kingdom and European Union on Russia, while continuing its existing supplier relationships. The company said its well-established and diversified crude-oil procurement strategy will ensure refinery operations remain stable.
European Union leaders convened in Brussels and reaffirmed their support for President Volodymyr Zelenskiy as the war with Russia continues. The summit endorsed a plan to provide about €140 billion in financial assistance to Ukraine over the next two years, using frozen Russian assets as a funding base. Zelenskiy Urges Swift Action Ukrainian President Volodymyr […]
Russian President Vladimir Putin has sharply criticized the United States for imposing sanctions on Russia’s largest oil producers, Rosneft and Lukoil. He described the move as an “unfriendly act” that will have consequences but insisted that Russia will not bow to foreign pressure. Putin Says Russia Will Not Act Under Pressure Putin declared that “no […]
Global oil prices surged significantly after the Donald Trump administration announced new sanctions targeting the two largest Russian oil companies, Rosneft and Lukoil. These companies together account for a major portion of Russia’s oil output, raising concern about future supply tightness in global markets. Brent Crude Rises Sharply In the wake of the sanctions, the
Russia’s Foreign Ministry criticised the latest sanctions package imposed by the European Union (EU), labelling the measures “illegal” and claiming they will hurt Europe more than Russia itself. The ministry also threatened “a painful response” should any attempt be made to seize Russian assets frozen in European financial institutions. Key Issues Cited Moscow argued the
The European Union is preparing its 19th sanctions package against Russia, which includes penalties on four China-based entities. Among them are two independent oil refineries, a trading firm, and another organization accused of helping circumvent sanctions. The move is directed at companies allegedly involved in facilitating Russian oil exports. Targeted Entities And
The United States imposed sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, along with dozens of their subsidiaries. The move was announced by the Treasury Department, which cited President Donald Trump’s frustration over stalled cease-fire talks in Ukraine and accused Russia of refusing to negotiate seriously. Strategic Rationale Treasury Secretary
The U.S. has imposed sanctions on eight Indian nationals and ten Indian companies for alleged involvement in Iran’s oil trade. The move is part of a broader sweep targeting individuals and entities globally linked to Iran’s petroleum exports. Details of the Sanctions According to U.S. authorities, the Indian individuals and firms were acting—directly or indirectly—in […]
The United States has activated new sanctions targeting India’s involvement in the Chabahar Port in Iran, ending a waiver that protected the project from U.S. penalties. These measures took effect on September 29, 2025. End of Waiver Since 2018, India had enjoyed a rare exemption under U.S. law that allowed continued work at Chabahar without […]















