Demand for all oil products may grow at only 2-3% in FY23, slower than the current fiscal and nearly half the 5.5% growth estimated by the petroleum ministry, according to industry officials
Signs of looming financial damage are becoming apparent at many of the world's biggest money managers, including BlackRock and Pacific Investment Management.
MEA spokesperson Arindam Bagchi said the Indian embassy in Russia facilitated the transit of the Indians and that they have already boarded their flights from Moscow
Several Ukrainian medical universities have started online classes, giving a ray of hope to the Indian students who feared a bleak future after fleeing the war-torn country
Johnson underscored his drive for energy independence, saying West's failure to wean itself from Russian oil and natural gas after the annexation of Crimea paved the way for the invasion of Ukraine.
The Russian offensive in Ukraine edged closer to central Kyiv on Tuesday even as the two countries kept open a narrow diplomatic channel with more planned talks. Shortly before dawn, large explosions thundered across Kyiv. A series of Russian strikes hit a residential neighborhood in the capital, igniting a huge fire and a frantic rescue effort in a 15-story apartment building. At least one person was killed and others remain trapped inside. Shockwaves from an explosion also damaged the entry to a downtown subway station that has been used as a bomb shelter. City authorities tweeted an image of the blown-out facade, saying trains would no longer stop at the station. When Russia launched the war nearly three weeks ago, fear of an imminent invasion gripped the Ukrainian capital, as residents slept night after night in subway stations or crammed onto trains to flee. But as the Russian offensive bogged down, Kyiv saw a relative lull. Fighting has intensified on the outskirts in recent .
In a meeting with US officials in Rome, China urged Ukraine and Russia to exercise "maximum restraint" in the ongoing war that has continued for 20 days as of Tuesday, the media reported
Russia's share of arm imports to India fell from 69 per cent in 2012-17 to 46 per cent in 2017-21, according to a report released on Monday by Stockholm-based defence think-tank SIPRI. Russia started a war against Ukraine on February 24, which led the US and other western countries to impose extremely harsh economic sanctions on the country. "Between 201216 and 201721 Indian arms imports decreased by 21 per cent. Despite this, India was the world's largest importer of major arms in 201721 and accounted for 11 per cent of total global arms imports in the period," the report noted. Russia was the largest supplier of major arms to India in both 201216 and 201721, but India's imports of Russian arms dropped by 47 per cent between the two periods as several large programmes for Russian arms wound down, said the report by the Stockholm International Peace Research Institute (SIPRI). This, combined with India's increased efforts to diversify its arms supplier base, meant that Russia's sha
US sanctioned Russian National Guard Director Viktor Zolotov, Military Cooperation Director Dmitry Shugaev, and Rosoboronexport Director General Alexander Mikheev, along with 8 deputy defense minister
UN has deep concerns on Russia-China alignment at present, a US official said, adding that NSA was directed about those concerns and the potential implications and consequences of certain actions
To have evacuated safely more than an estimated 18,000 Indians from Ukraine amidst the ongoing conflict under 'Operation Ganga' while ensuring swift and speedy evacuation, is truly a commendable task
Ukraine's Deputy Prime Minister Irina Vereshchuk said that more than 4,000 people were successfully evacuated in the last 24 hours via humanitarian corridors
The European Union has announced that the 27-nation bloc has approved a new set of sanctions to punish Moscow for its invasion of Ukraine
A woman walked onto the set of a live Russian state television broadcast to protest against Moscow's military operations in Ukraine
Russia has requested both military and financial assistance from China amid the ongoing war in Ukraine
US adviser Jake Sullivan warned a Chinese official about Beijing's support for Russia's invasion in Ukraine, even as Kremlin denied reports stating that it had requested Chinese weapons to use in war
India is considering taking up a Russian offer to buy its crude oil and other commodities at discounted prices with payment via a rupee-rouble transaction, two Indian officials said
Poland has taken in more than 1.8 million refugees from Ukraine nearly all women and children since February 24, when Russian troops invaded Ukraine
One possible destination for the meetings would be Brussels, which is the headquarters for NATO, one of the officials said Monday
Earlier in the day, the Polish Permanent Representation to the European Union said on Twitter that over 2.5 million refugees have left Ukraine