“Why Single Out India?” Goyal Challenges Western Oil Sanction Bias

By BPN News Desk October 25, 2025

National

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,

National

Reliance Vows To Comply With Western Russia-Oil Sanctions

By BPN News Desk October 25, 2025

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.

International

EU Leaders Show Strong Support for Ukraine

By BPN News Desk October 24, 2025

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 […]

International

Putin Denounces U.S. Sanctions on Russian Oil Majors

By BPN News Desk October 24, 2025

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 […]

International

Oil Price Soars After US Sanctions on Russian Crude Producers

By BPN News Desk October 24, 2025

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

International

Russia Condemns EU Sanctions as “Counterproductive”

By BPN News Desk October 23, 2025

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

International

EU To Sanction Chinese Refineries Over Russia Oil Trade

By BPN News Desk October 23, 2025

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

International

US Slaps Sanctions on Russia’s Two Biggest Oil Firms

By BPN News Desk October 23, 2025

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

International

US Sanctions 8 Indians, 10 Firms Over Iran Oil

By BPN News Desk October 11, 2025

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 […]

International

US Sanctions on Chabahar Activate

By BPN News Desk September 30, 2025

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 […]