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Finance Minister Nirmala Sitharaman says India cannot abruptly abandon Russian crude and will base oil purchases on availability, price and refinery suitability as a new US law raises the risk of tariffs of up to 100% on major Russian-energy buyers.
Russia’s ruling United Russia party has secured a decisive victory in the country’s 2026 parliamentary election, according to near-complete official results, putting the Kremlin-aligned party on course for a record 355 seats in the 450-member State Duma. The vote was Russia’s first parliamentary ele
Ukraine has confirmed striking the Moscow Oil Refinery during an extraordinary long-range drone and missile operation against Russia, while Russian authorities say hundreds of drones targeted the capital and more than 1,000 were intercepted across the country. At least three people were reported kil
A huge Ukrainian long-range attack sent hundreds of drones toward Moscow and other parts of Russia early Sunday, damaging the Moscow Oil Refinery, disrupting civilian areas and putting Russian air defences under intense pressure. Russian officials described it as the largest drone attack yet directe
The new US law targets Russia’s energy, financial and defence networks and allows additional tariffs of up to 100% on goods from the largest buyers of Russian oil and gas. India faces significant exposure because of its large Russian crude imports, but a 100% tariff on Indian goods has not been impo
The House approved the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 by 262-159 after the Senate passed it 86-11. The measure now awaits President Donald Trump’s signature and could subject major buyers of Russian oil or gas to additional US tariffs of up to 100%, although India and Chin
New Delhi says its oil sourcing will continue to be guided by energy security, market conditions and diversified supplies after the US Congress cleared legislation allowing President Donald Trump to impose tariffs of up to 100% on major buyers of Russian energy. The tariffs are not automatic, and th
The House voted 262-159 to approve the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 after the Senate backed it 86-11 in August. The bill targets Russian banks, energy, defence and its “shadow fleet” while creating secondary tariffs for major buyers of Russian oil and gas. It now goes to
U.S. envoys Steve Witkoff and Jared Kushner have met Vladimir Putin and Volodymyr Zelenskyy in a renewed push for Ukraine peace talks, but major differences remain as Russia resumes ballistic missile attacks on Kyiv.
The Russia-Ukraine war is entering another tense phase as missile and drone attacks intensify. Zelenskyy says Moscow could mobilize another 300,000 troops, while Ukraine expands long-range strikes inside Russia.
