India to restrict Russian oil buy
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Russia, Ukraine
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India, Trade Deal and Oil Futures
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The new reality has forced the Kremlin to raise taxes and increase debt, and hovers over peace talks with Ukraine.
Russia’s rise as India’s largest crude oil supplier marks one of the biggest shifts in the country’s energy trade in decades. Triggered by the Ukraine war, Western sanctions, and deep discounts on Russian crude,
Donald Trump says India has agreed to replace Russian oil with US supplies — and maybe even Venezuelan. DW asks whether the Latin American producer can realistically meet New Delhi's needs.
President Donald Trump made a bargain with India this week that introduced a simple calculus.
Kremlin confirms no communication from India about halting oil purchases, while Russia aims to strengthen ties with India.
Ukraine reported additional strikes on military targets in Russian-occupied regions, including Crimea, Kherson and Donetsk oblasts.
Officials say that France’s navy, working with intelligence provided by the United Kingdom, intercepted an oil tanker in the Mediterranean Sea that traveled from Russia, in a mission targeting the sanctioned Russian shadow fleet.