Russia Sanctions

Ban on gold imports, tightening export controls: EU moves closer to imposing more sanctions on Russia

If no objections are raised by national capitals by early Thursday, it will be published in the official journal, after which details of the limited package will become available.

published on : 21st July 2022

Exchange rate new sticking point in rupee-rouble trade between India and Russia

The RBI had, through its notification, authorised Indian banks to open Vostro accounts in a foreign partner bank where payments for imports could be made in rupees.

published on : 21st July 2022

Economics of war: Europe stares at food, energy shortage as Ukraine-Russia conflict drags on

The continent relies on Russian natural gas, and higher energy prices are flowing through to factories, food costs and fuel tanks.

published on : 18th July 2022

Volatile crude, impending recession roil global markets

High inflation driven by high energy prices and a drop in the US GDP by 1.4% is other worrying signs.

published on : 10th July 2022

Ukraine likely to get EU membership; Britain pledges military aid, training

In another show of western support, British Prime Minister Boris Johnson met with President Volodymyr Zelenskyy in Kyiv to offer continued aid and military training.

published on : 18th June 2022

EU to import oil from Israel via Egypt amid Ukraine-Russia war

In the year 2021, the European Union imported roughly 40% of its gas from Russia, making it difficult for the EU to impose sanctions on Russia over its ongoing conflict with Ukraine.

published on : 15th June 2022

Oil movement from Sakhalin-1 project disrupted due to Russia sanctions: ONGC Videsh Ltd

OVL has a 20 per cent stake in Sakhalin-1 which is operated by ExxonMobil's Russian subsidiary, however, Exxon announced its exit from the project following Russia's invasion of Ukraine.

published on : 13th June 2022

Impossible to 'fence off' country like ours: Russian President Putin

Present-day Russia's mission is to "get back and strengthen" its sovereignty and territories, said President Vladimir Putin.

published on : 10th June 2022

Detention of Russia's Aeroflot aircraft in Colombo is private legal issue: Sri Lankan PM Wickremesinghe

The flight, scheduled to depart from Colombo's Bandaranaike International Airport to Moscow as not allowed to depart due to an enjoining order issued by the Commercial High Court of Colombo.

published on : 5th June 2022

EU struggles to clear Hungary's block on Russian oil ban amid Ukraine war

Envoys from the 27 member states were meeting in an attempt to finalise a sixth package of sanctions against Moscow, but remain deadlocked over a proposed embargo on Russian oil.

published on : 30th May 2022

Ukraine war: Sanction-hit Russia floats new foreign debt payment system

Russia previously has offered natural gas customers to establish an account in dollars or euros at Gazprombank, then a second account in rubles.

published on : 30th May 2022

West has declared 'total war' on us with sanctions: Russian Foreign Minister Sergei Lavrov

According to Lavrov, US 'and its satellites are doubling, tripling, quadrupling their efforts to contain our country'.

published on : 27th May 2022

Legitimate energy transactions can't be politicised: India on oil import from Russia

The world's third-biggest oil-consuming and importing nation has in recent weeks snapped few cargoes available from Russia at deep discounts as part of its plans to diversify its import basket.

published on : 4th May 2022

Russia successfully resisted new sanctions 'blitz': President Vladimir Putin

Putin said that Russia's economy and financial system withstood the impact of what he called the Western sanctions 'blitz'.

published on : 12th April 2022

'India buys less oil from Russia than what Europe does in afternoon': Jaishankar hits back at US

Jaishankar said India has made a number of statements (on Russia-Ukraine war) which outline its position in the United Nations, in Indian Parliament, and in other forums.

published on : 12th April 2022

S&P downgrade indicates Russia headed for historic default amid sanctions

It said it didn't expect Russia to be able to convert the rubles into dollars within the 30-day grace period allowed.

published on : 10th April 2022

Russia accuses YouTube of blocking parliamentary channel's account

According to Moscow, Duma-TV has more than 145,000 subscribers. It airs clips of parliamentary debates and interviews of Russian lawmakers.

published on : 9th April 2022

US Deputy NSA didn't issue any warning to India: Biden administration ahead of 2+2 summit

There has been some disquiet in Washington over India's position on the Ukraine crisis as well as its decision to procure discounted Russian oil.

published on : 9th April 2022

'No formal rupee-rouble payment platform in place yet': RBI says sensitive to economic sanctions on Russia

Any such payment mechanism involving rupee and rouble payments for imports and exports would help circumvent the sweeping economic sanctions imposed on Russia by the western nations.

published on : 8th April 2022

Ukraine war: Europe set to ban Russian coal, but struggles on oil and gas

The coal ban, which is expected to be approved in a new package of sanctions this week, would cost Russia $4 billion a year, said the European Commission, the EU's executive arm.

published on : 7th April 2022
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