Page 7 - Russia

Oil prices extend gains after news of EU's Russian oil ban proposal

A handful of eastern EU countries are concerned that the halt would not allow them enough time to adapt.

Ukraine not to agree to 'frozen conflict' with Russia: Zelensky

Zelensky said that the Minsk agreements, which had put an end to the intense military stage of the Donbass conflict several years ago, proved to be ineffective.

India says sudden halt to Russian oil imports would hurt citizens

The European Union, the biggest buyer of Russian energy, on Wednesday proposed phasing out imports of Russian crude within six months and refined products by end-2022

Agri trade beyond the Ukraine war

India's chances of becoming a stable supplier of wheat are limited in the absence of a long-term policy on foodgrain exports

Sustaining export growth

Commodity prices will push up trade deficit

UK bans services exports to Russia over Ukraine conflict: Foreign Secy

The UK government on Wednesday announced a ban on services exports to Russia over the ongoing conflict with Ukraine, cutting Moscow off any business with UK sectors

EU takes major step toward Russian oil ban, new sanctions imposed amid war

The European Union's top official on Wednesday called on the 27-nation bloc to ban oil imports from Russia and target the country's biggest bank and major broadcasters in a sixth package of sanctions

Course correction

RBI has been slow in withdrawing accommodation

Live news updates: EMIs to rise as RBI hikes repo rate by 40 bps

The MPC raised the key lending rate or the repo rate by 40 basis points to 4.40%, Governor Shaktikanta Das said.

Oil bounces higher ahead of Fed moves, EU sanctions on Russian oil

The gains came on the back of news from Tuesday that the European Union would slap new sanctions on Russia for waging war on Ukraine

European Union leader calls for Russian oil ban in new set of sanctions

European Commission President Ursula von der Leyen also proposed that Sberbank, Russia's largest bank, and two other major banks be disconnected from the SWIFT international banking payment system.

India's exports up 24% to $38 bn in April; trade deficit widens to $20 bn

The preceding month had witnessed record outbound shipments of $42.2 billion

Import risks

Policy support can increase edible oil production

Russian President Vladimir Putin orders retaliatory sanctions against West

May soon officially declare war on Ukraine: US, Western officials

Ukraine crisis: Slovakia, Hungary won't back EU sanctions on Russian energy

The EU's executive branch, the European Commission, has drafted new proposals for sanctions, which could include a phased-in embargo on Russian oil

Iran gets latest opportunity to sell auto parts to Russian carmaker

A member of Iran's syndicate of car parts producers says Iranian producers have an opportunity to export their wares to a Russian manufacturer, state media reported.

LIVE: India becoming a trusted partner in global supply chain, says PM Modi

Live news updates: "India was hardly counted in start-up ecosystem; it now ranks third in the world," PM Modi said

Russian forces storming Mariupol steel mill, say Ukrainian fighters

Russian forces Tuesday began storming the steel mill that represented the last pocket of resistance in Mariupol, Ukrainian defenders said

Russian forces are storming Mariupol plant, claim Ukrainian fighters

Ukrainian defenders of a steel plant in Mariupol say Russian forces have started to storm the the last pocket of resistance. The move comes almost two weeks after Russian President Vladimir Putin ordered his military not to storm the plant, but rather block it off. The deputy commander of the Azov Regiment that is holed up in the Azovstal steel plant confirmed that Russian forces have started to storm the plant on Tuesday. That comes after some civilians escaped the plant over the weekend in a U.N.-assisted evacuation effort.

Oil slips on China demand concerns while EU weighs Russia oil ban

Both benchmark contracts rose more than 40 cents on Monday and extended those gains modestly in early trade on Tuesday