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US Extends Russian Oil Sanctions Waiver, Boosts India Fuel Imports

The United States has extended its sanctions waiver on Russian seaborne oil by 30 days, allowing continued imports to key global partners like India. This temporary extension reverses previous plans to let the waiver lapse, aiming to provide flexibility for nations managing critical energy needs. Treasury officials stated the extension ensures that stranded Russian crude and petroleum products can reach markets without violating US sanctions on major Russian oil firms. This marks th

Global News

19 May 2026 07:25 AM 14 views

US Extends Russian Oil Sanctions Waiver, Boosts India Fuel Imports

The United States has extended its sanctions waiver on Russian seaborne oil by 30 days, allowing continued imports to key global partners like India. This temporary extension reverses previous plans to let the waiver lapse, aiming to provide flexibility for nations managing critical energy needs. Treasury officials stated the extension ensures that stranded Russian crude and petroleum products can reach markets without violating US sanctions on major Russian oil firms. This marks th

Global News

Trump sanctions Russian oil giants Rosneft and Lukoil amid Ukraine war escalation

In a significant policy reversal, U.S. President Donald Trump has imposed sweeping sanctions on Russia’s two largest oil producers, Rosneft and Lukoil, marking one of the most consequential economic measures against Moscow since the escalation of the war in Ukraine. The decision immediately triggered a 5% surge in global oil prices and prompted India, one of Russia’s biggest energy buyers, to reconsider its import strategy. The sanctions, announced on Wednesday, target companies

Finance & Economics

23 Oct 2025 08:36 AM 592 views

Trump sanctions Russian oil giants Rosneft and Lukoil amid Ukraine war escalation

In a significant policy reversal, U.S. President Donald Trump has imposed sweeping sanctions on Russia’s two largest oil producers, Rosneft and Lukoil, marking one of the most consequential economic measures against Moscow since the escalation of the war in Ukraine. The decision immediately triggered a 5% surge in global oil prices and prompted India, one of Russia’s biggest energy buyers, to reconsider its import strategy. The sanctions, announced on Wednesday, target companies

Finance & Economics

March 31 Bank Alert: Key Transactions to Be Affected on Fiscal Year-End in 2025

Imagine racing to make an urgent fund transfer on March 31, only to find that your bank is open, but critical transactions aren’t going through. That could be a reality for many this year, as March 31, 2025, marks the last day of the financial year—and it comes with banking limitations that could impact individuals and businesses alike. While banks across India will remain operational on March 31, customers should be aware that many essential financial services may not function as

Finance & Economics

28 Mar 2025 04:34 AM 1.37k views

March 31 Bank Alert: Key Transactions to Be Affected on Fiscal Year-End in 2025

Imagine racing to make an urgent fund transfer on March 31, only to find that your bank is open, but critical transactions aren’t going through. That could be a reality for many this year, as March 31, 2025, marks the last day of the financial year—and it comes with banking limitations that could impact individuals and businesses alike. While banks across India will remain operational on March 31, customers should be aware that many essential financial services may not function as

Finance & Economics

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

In a landmark energy agreement, Russia’s state oil company Rosneft has committed to supply 500,000 barrels of crude oil per day to India’s Reliance for the next 10 years, worth approximately $13 billion annually. This deal represents about 0.5% of global oil supply and strengthens energy relations between India and Russia, especially as Russia faces intense Western sanctions due to its invasion of Ukraine. The deal is set to begin in January and will involve monthly deli

Business

12 Dec 2024 09:16 AM 1.13k views

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

In a landmark energy agreement, Russia’s state oil company Rosneft has committed to supply 500,000 barrels of crude oil per day to India’s Reliance for the next 10 years, worth approximately $13 billion annually. This deal represents about 0.5% of global oil supply and strengthens energy relations between India and Russia, especially as Russia faces intense Western sanctions due to its invasion of Ukraine. The deal is set to begin in January and will involve monthly deli

Business

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US Extends Russian Oil Sanctions Waiver, Boosts India Fuel Imports

US Extends Russian Oil Sanctions Waiver, Boosts India Fuel Imports

Trump sanctions Russian oil giants Rosneft and Lukoil amid Ukraine war escalation

Trump sanctions Russian oil giants Rosneft and Lukoil amid Ukraine war escalation

March 31 Bank Alert: Key Transactions to Be Affected on Fiscal Year-End in 2025

March 31 Bank Alert: Key Transactions to Be Affected on Fiscal Year-End in 2025

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

Skydivers Gather In Illinois To Attempt World Record With 200 Person Formation

Facebook Settlement Second Payment: Who Gets New Check?

BJP's assistant killed in a targeted attack during post-poll violence in West Bengal

RBI Reviews Proposal to Introduce Polymer Currency Notes in India

How Alcohol Affects Blood Sugar and Your Health

Santa Clara Approves Zoning Change for Related Santa Clara Near Levi’s Stadium

US Warns India of China’s Two-Front Strategy: LAC Calm, Pakistan Military Boost

Four injured in Fort Worth shooting near apartment complex

Assam's Silchar Breaks 132-Year Rainfall Record

Indian Stock Market Soars on February 4: Key Drivers Behind the Surge

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Skydivers Gather In Illinois To Attempt World Record With 200 Person Formation

Facebook Settlement Second Payment: Who Gets New Check?

BJP's assistant killed in a targeted attack during post-poll violence in West Bengal

RBI Reviews Proposal to Introduce Polymer Currency Notes in India

How Alcohol Affects Blood Sugar and Your Health

Santa Clara Approves Zoning Change for Related Santa Clara Near Levi’s Stadium

US Warns India of China’s Two-Front Strategy: LAC Calm, Pakistan Military Boost

Four injured in Fort Worth shooting near apartment complex

Assam's Silchar Breaks 132-Year Rainfall Record

Indian Stock Market Soars on February 4: Key Drivers Behind the Surge

#neft

US Extends Russian Oil Sanctions Waiver, Boosts India Fuel Imports

US Extends Russian Oil Sanctions Waiver, Boosts India Fuel Imports

Trump sanctions Russian oil giants Rosneft and Lukoil amid Ukraine war escalation

Trump sanctions Russian oil giants Rosneft and Lukoil amid Ukraine war escalation

March 31 Bank Alert: Key Transactions to Be Affected on Fiscal Year-End in 2025

March 31 Bank Alert: Key Transactions to Be Affected on Fiscal Year-End in 2025

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

Skydivers Gather In Illinois To Attempt World Record With 200 Person Formation

Facebook Settlement Second Payment: Who Gets New Check?

BJP's assistant killed in a targeted attack during post-poll violence in West Bengal

RBI Reviews Proposal to Introduce Polymer Currency Notes in India

How Alcohol Affects Blood Sugar and Your Health

Santa Clara Approves Zoning Change for Related Santa Clara Near Levi’s Stadium

US Warns India of China’s Two-Front Strategy: LAC Calm, Pakistan Military Boost

Four injured in Fort Worth shooting near apartment complex

Assam's Silchar Breaks 132-Year Rainfall Record

Indian Stock Market Soars on February 4: Key Drivers Behind the Surge

Popular Cities