The current crisis in Ukraine will have consequences for the whole world, including for Russia-India relations, and the extent of its impact cannot be envisaged now, Russian Ambassador Denis Alipov said on Saturday. At the same time, he said India can take advantage of the situation to bolster economic ties with Russia as Moscow‘s Western … Read more
Russia is struggling to sell oil as buyers flee the stigma, logistical challenges and fears of further sanctions that come with dealing with Moscow in the wake of the Ukraine invasion. Even without direct sanctions on its energy industry Russia will lose around one million barrels per day (bpd) in oil exports, according to analyst … Read more
India is examining all possible payment mechanisms for continuing trade with Russia, including the one adopted to settle payments with Iran. Foreign banks that don’t have operations in countries that have imposed sanctions on Russia or routing payments through Russian banks unaffected by the curbs are among the options under consideration. Third-country banks were used … Read more
Before Russia‘s invasion of Ukraine, U.S. intelligence had predicted a likely blistering assault by Moscow that would quickly mobilize the vast Russian air power that its military assembled in order to dominate Ukraine‘s skies. But the first six days have confounded those expectations and instead seen Moscow act far more delicately with its air power, … Read more
NATO chief Jens Stoltenberg said Tuesday that Russian forces continue to prepare for a potential attack on Ukraine after Moscow recognised two separatist regions as independent. “Every indication is that Russia continues to plan for a full-scale attack on Ukraine,” Stoltenberg said after an urgent meeting with Ukraine’s envoy. “We see that more and more … Read more
The Russian military said Monday that it had killed five “saboteurs” who crossed from Ukrainian territory, the latest claim fuelling tensions along Moscow‘s border with Ukraine. “As a result of clashes, five people who violated the Russian border from a group of saboteurs were killed,” the military said in a statement, adding the incident occurred … Read more
Russian warships have carried out a live fire training exercise in the Black Sea, the country’s Black Sea fleet said on Thursday, as Ukraine and NATO countries held military drills in the same wider area. The Sea Breeze exercise, led by Ukraine and the United States, follows a spike in tensions between NATO and Moscow … Read more
At least seven parachutists were killed and over a dozen injured after a twin-engine L-410 aircraft crashed in a forest in Russia’s Kemerovo region in southwestern Siberia, Russian media reported on Saturday. TASS news agency, citing an emergency service source, said up to 17 people were injured in the crash near the Tanay aerodrome. It … Read more
A senior Russian security official said on Thursday that Moscow had used its navy and air force to expel a British warship, HMS Dragon, from what he described as Russian territorial waters near Russian-annexed Crimea last October. Russia annexed the Black Sea peninsula of Crimea from Ukraine in 2014, drawing sanctions and condemnation from the … Read more
Russia’s plan to temporarily restrict movement of foreign warships in part of the Black Sea will not affect the nearby Kerch Strait, the RIA news agency reported on Friday, signalling lower risks for regional trade from Russia-Ukraine tensions. The Kerch Strait is a crucial part of the regional grain trade connecting the Azov sea with … Read more