Russia Oil Trade to China, India Stalls
Indian tourists may soon travel visa-free to Russia in groups, with discussions underway to establish a 'group-free visa regime' as part of Russia’s tourism boost.
Russia is sending cargoes of sanctioned oil to India on tankers that have been blacklisted by the US Treasury — setting up an acid test of Moscow's ability to get around aggressive measures imposed by Washington earlier this month.
Russia has suffered a major economic setback, after China and India halted their purchases of Kremlin oil. Oil and gas revenues are vital sources of revenue, accounting for between a third and half of Russia 's federal budget over the last decade. In particular, these revenues play a key role in helping Putin to finance his war in Ukraine.
Russia warned that U.S. efforts to enforce dollar use could backfire. The BRICS nations, while discussing a common currency, are unlikely to replace the dollar, as Trump threatens 100% tariffs on countries attempting to do so amid U.
The Ministry of External Affairs on Friday confirmed that three Indian nationals who travelled to Iran for business purposes have gone missing. MEA Spokesperson Randhir Jaiswal stated that India has taken up the matter with both the Iranian Embassy in New Delhi and the Iranian Ministry of Foreign Affairs in Tehran,
Kremlin spokesperson Dmitry Peskov clarified that BRICS, of which Russia is a member, was not considering the creation of a shared currency but was instead focused on developing joint investment platforms.
The crude oil market is adapting quickly to the new sanctions against Russia's shadow fleet of tankers, albeit by creating both short- and medium-term winners and losers.
Among the top 10 most powerful air forces, India is ranked 4th with 2,229 aircraft, following the US, Russia and China.
The Moscow City Tourism Committee is currently in talks with the Indian government to establish a ‘group-free visa regime’
Russia is in discussions with India for a 'group-free visa regime,' allowing a specified number of tourists travelling together in a group to enter the country without a visa, a Moscow City Tourism Committee official said on Thursday.
Donald Trump stated that no currency would replace the US dollar and that any attempt would invite high tariffs