Page 3 - Us Sanctions
Russia oil trade with China, India stalls as sanctions drive up costs
Washington imposed fresh sanctions on Jan 10 targeting Russia's oil supply chain, causing tanker freight rates to soar as some buyers and ports in China and India steered clear of sanctioned ships
Russian oil refining increases as US sanctions disrupt crude exports
Russian refining runs rose by 2 per cent, or by 108,000 barrels, to 754,800 metric tons a day on Jan 15-19 from the first week of the year, according to the sources
Bharat Petroleum struggles to get Russian crude cargoes for March
India's second-biggest refiner has been relying on Russian barrels, which are at least $3 per barrel cheaper than dated Brent, for about a third of its feedstock
No major impact of US sanctions on Russia, oil to remain stable: IOC chief
Any further sanctions against Russia will not have any impact on India's crude oil requirements and the global prices should remain stable in the USD 75-80 per barrel range, as all sanction fears have already been factored in, Indian Oil Chairman Arvinder Singh Sahney said on Thursday. Speaking to PTI here during the World Economic Forum Annual Meeting, he also said there are several energy sources that can be tapped to meet India's energy requirements in case of any eventuality. Asked about the Indian participation at Davos, Sahney said it feels great to see India with a big presence here. "It helps as so many global corporates we can meet here at a single place. We can exchange ideas with all of them, and that's good for the company and economy as a whole," he added. On Donald Trump's second US presidency and its impact on India, he said it should be positive for the energy sector because "he has emphasised that we have to produce more energy and we are not averse to more energy
Amid US sanctions, oil buyers pull all levers to replace Russian shipments
As Indian companies begin talks with Saudi Arabia and Abu Dhabi this week, traders say discussions between refiners and the OPEC producers will be tense
Middlemen halted Russian oil offers after US sanctions: Indian refiner
The refiner on average gets 16-17 cargoes of Russian oil in a month, which cover about 35% of its needs
Govt widens approvals for Russian insurers after US oil sanctions
As Soglasie isn't blacklisted by any western nation, the new permit provides a safe option for tanker operators that haul Russian barrels to India
Indian Oil to rebalance crude buying after US sanctions on Russia
Before Russia's war in Ukraine, India used to buy less than 2 per cent of its total oil imports from Moscow. However, the volume surged to almost 45 per cent in the middle of last year
India should reciprocate if US imposes duties on domestic goods: Experts
India should respond with equal measures if the newly elected US President Donald Trump would impose higher tariffs on domestic goods, trade experts say. They noted that India has previously implemented retaliatory customs duties on several US products, such as apples, in response to what it deemed "illegal" tariffs imposed by America on certain steel and aluminium products. In December last year, Trump has said India charges "a lot" of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products. "India should respond firmly and in equal measures," economic think tank Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. In 2018, when the US taxed Indian steel and aluminium, India retaliated by raising tariffs on 29 US products, recovering equivalent revenue. "This measured response showed India's capability to protect its trade interests while staying balanced," Srivastava
Indian refiners seek crude after US sanctions disrupt Russia oil supply
The tenders come more than a week after Washington announced sweeping sanctions targeting Russian producers and tankers
India's fraying Gulf oil ties get a fillip on US' sanctions on Russia
State-run refiners plan to renew or enhance optional volumes under existing contracts, struck on a fiscal basis, despite higher sourcing costs
New restrictions on AI chips into India but growth remains unaffected
The US restrictions are part of global tech wars and the third globalisation, aimed at hindering China's access to AI technologies
How TikTok grew from a fun app to potential national security threat in US
If it feels like TikTok has been around forever, that's probably because it has, at least if you're measuring via internet time. What's now in question is whether it will be around much longer and, if so, in what form? Starting in 2017, when the Chinese social video app merged with its competitor Musical.ly, TikTok has grown from a niche teen app into a global trendsetter. While, of course, also emerging as a potential national security threat, according to US officials. On April 24, President Joe Biden signed legislation requiring TikTok parent ByteDance to sell to a US owner within a year or to shut down. TikTok and its China-based parent company, ByteDance, filed a lawsuit against the US, claiming the security concerns were overblown and the law should be struck down because it violates the First Amendment. The Supreme Court on Friday unanimously upheld the federal law banning TikTok beginning Jan 19 unless it's sold by ByteDance. Here's how TikTok came to this juncture: -- Mar
US restrictions on exports of AI chips likely to hurt India by 2027
Under the proposed rules, 18 countries -- including close US allies such as the UK, Canada, Germany, Japan, and South Korea -- will enjoy unrestricted access to chips for verified companies
Russia, Iran sign comprehensive strategic pact amid Western sanctions
Russian President Vladimir Putin and his Iranian counterpart, Masoud Pezeshkian, signed a broad cooperation pact Friday as their countries deepened their partnership in the face of stinging Western sanctions. Russian and Iranian officials say the comprehensive strategic partnership treaty covers all areas - from trade and military cooperation to science, education and culture. Putin praised the deal as a real breakthrough, creating conditions for the stable and sustainable development of Russia, Iran and the entire region. He said the amount of trade and economic cooperation was still insufficient, voicing hope the new treaty will help clear bureaucratic hurdles and expand ties. The Russian leader added that the countries are trying to resolve technical obstacles to advance planned projects to ship Russian natural gas to Iran and build transport corridors to Iranian ports in the Gulf. Pezeshkian said the projects are feasible, adding that experts were working to resolve the remain
US curbs lift on Indian nuclear entities may boost collab, tech access
The US lifting Cold War-era sanctions on three Indian nuclear entities, including the Bhabha Atomic Research Centre (BARC), will boost collaboration in the key field and give the country access to new technologies, experts said on Thursday as they welcomed the move. Former DAE (Department of Atomic Energy) secretary Anil Kakodkar, however, observed one should not get too excited with the development as only time will show how the lifting of sanctions will benefit the Indian nuclear energy sector and research. The move will help India in the area of rare earths as it deals with critical elements, maintained the noted nuclear physicist. Kakodkar, who served as BARC director, Atomic Energy Commission (AEC) chairman and DAE secretary during his decades-long career in the nuclear field, opined that the lifting of restrictions should have happened long time back. The 81-year-old scientist was the AEC chairman and DAE secretary when the landmark Indo-US civil nuclear deal was signed in ..
US sanction clarifications tighten squeeze on India's February oil supplies
Indian refiners have until Feb 27 to wind down transactions with sanctioned Russian tankers, opaque traders, a shadow fleet, and insurers, according to a US govt official
US issues fresh round of sanctions against Russia ahead of Trump's return
As part of the action, the Treasury imposed new curbs on almost 100 entities that were already under sanctions, potentially complicating any future efforts to remove the measures
US tightens Russia sanctions, warns biz of more penalties for partnerships
The official stressed that there are new sanctions on 15 companies related to Russia and China that have worked together to avoid existing sanctions
Indian refiners rush to pay for Russian oil ahead of sanctions cutoff
Pressure to stay clear of sweeping US sanctions means the refiners are now aiming to settle payments for the discounted barrels in just two days instead of the previous five
