India’s oil and gas imports are guided by the goal of “protecting the interests of Indian consumers”, and this principle “drives the country’s import policy.” This was stated by India’s Ministry of External Affairs in response to earlier remarks by U.S. President Donald Trump, who claimed that India was “planning to stop importing oil and gas from Russia,” Hindustan Times reported.
The statement was made by Randhir Jaiswal, spokesperson for India’s Ministry of External Affairs.
“India is a major importer of oil and gas. Our consistent priority is to protect the interests of Indian consumers in a volatile energy market. Our import policy is entirely guided by this objective,” said Jaiswal.
He outlined two key goals of India’s energy policy — broadening the supply base and diversifying energy imports to reflect market realities.
“Ensuring stable energy prices and reliable supplies are the twin objectives of our energy policy. This involves maintaining a broad base of energy sources and diversifying them in line with market conditions,” the foreign ministry spokesperson concluded.
The European aerospace corporation Airbus has announced a decision to recall around six thousand A320-family aircraft due to identified issues in the ELAC flight-control system. The planes are scheduled to undergo repairs. The news was reported by Reuters. The repair campaign includes rolling back aircraft to a previous version of the software. The procedure takes […]
European Commissioner for Economy Valdis Dombrovskis has urged the G7 to accelerate disbursements under the $50 billion loan for Ukraine. His statement comes amid reports that Belgium continues to block the financing scheme based on the use of frozen Russian assets. According to him, countries must speed up payments to Ukraine under the G7 loan […]
Ukraine has agreed to cancel several tax benefits in order to secure new financing from the International Monetary Fund. The new loan package depends on the approval of Ukraine’s allies to use frozen Russian assets. This was reported by Bloomberg, citing anonymous sources. On November 26, the IMF announced a staff-level agreement on a four-year […]
As of November 28, Ukrainian farmers have harvested 52,580.7 thousand tons of grain crops from an area of 10,420.1 thousand hectares, completing 89% of the planted area. The data was reported by the Ministry of Economy, Environment and Agriculture. In particular, the following crops have been harvested: Wheat – 22,960.2 thousand tons from 5,051.6 thousand […]
Apple is tightening control over smartphone shipments from India to prevent their re-export to Russia and other countries where the company does not operate officially, India’s MoneyControl reports. Official distributors have warned local retailers about heavy penalties for activating iPhones with foreign SIM cards within 90 days of purchase. Special attention is being given to […]
Analysts at JP Morgan forecast that Brent oil prices could drop to $30 per barrel by 2027 due to an oversupply in the market, Oilprice reports. Since the beginning of the year, Brent has fallen by 14% and was trading around $62.59 per barrel early Monday. The market is currently awaiting updates on renewed peace […]
The U.S. Treasury Department (OFAC) has made an exception to the sanctions regime for Hungary’s MOL, allowing the company to continue purchasing oil from Lukoil until November 21, 2026. This was reported by Bloomberg, citing the agency’s documents. OFAC is permitting MOL to conduct transactions with Lukoil and its trading arm Litasco for the purchase […]
Xiaomi Auto has announced a major new milestone: the company has assembled its 500,000th mass-produced electric vehicle. It took only 602 days from the start of sales of its first model — the Xiaomi SU7 sedan, which debuted on March 28, 2024. The milestone vehicle is the top-tier version of the Xiaomi YU7 Max crossover […]
The Windscribe privacy tool, based in Canada, failed to encrypt corporate VPN servers recently confiscated by the Ukrainian authorities. The company provides services through the OpenVPN program. The Android app has over 5 million installs, indicating that the user base is probably much larger. “On June 24, 2021, our monitoring systems informed us that two […]
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Nissan has introduced a new sports car Nissan GT-R NISMO Special Edition. The car is equipped with a dual 3.8-liter turbocharged V-6 engine with 600 horsepower and 481 Nm of torque. The sports car accelerates to 96 km/h in 2.8 seconds. The first sales in the US are expected this fall. The cost of the […]
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In July-September 2020, Ukrainian banks closed 251of the structural subdivisions, reducing the regional network to 7329 branches by October 1. This is stated in the data of the National Bank. Most branches in the third quarter were closed by the state Oschadbank – 166, reducing its total number to 1931. During the same period, the […]
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The Cabinet of Ministers has introduced a mandatory declaration of an increase in retail prices for gasoline and diesel fuel by more than 1%. Now the price increase must be reported in 20 days. This is stated in Government Resolution №450 of March 29, 2021, which was updated. The list of socially significant goods to […]
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The “Pan Kurchak” agroindustrial group got permission to export chicken to the EU. This is the third Ukrainian company, besides the MHP and “Agromars” Complex” that can ship products to Europe. Products designed for the European market will be produced at the facilities of “Gubin” poultry complex”, which were upgraded in 2015. “The advantage with […]
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In September Egyptian billionaire Naguib Sawiris said in his twitter about of his thoughts of ??buying the island somewhere in Greece or in Italy, to settle migrants and refugees there. This proposal was very popular in twitter, so Sawiris, who is one of the ten richest people in Africa, whose fortune is estimated at $ […]
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Deposit Insurance Fund (DIF) in the period of the interim administration and liquidation of insolvent Delta Bank recognized as negligible 175 deals worth 22.292 billion UAH. According to the DIF, in particular, to 11 business transactions, including the sale of the assets with the discount, or related parties, transaction of 12.2 million UAH were recognized […]
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Sunday Times newspaper has investigated and reported as Mondelez International (formerly known as Kraft Foods)-the biggest in North America and the second largest worldwide producer of food avoid paying taxes. According to the Sunday Times, the Cadbury owner – Mondelez International Company (formerly known as Kraft Foods), legally evaded taxes in the amount of tens […]
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The US company Amazon will expand its business in six cities of U S, investing more than $ 1.4 billion in this activity. This is stated in a statement published on the website of the corporation on Tuesday, August 18. “Today, we are pleased to announce the plans which provide for continued investment and the […]
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Sergey Kasyanov gave a controlling stake in the agricultural holding KSG Agro Swiss to the OLBIS company. Previously, CD Investments SA company owned the64.62% shares of the company. ICD Investments SA Holding Company (Switzerland) has transferred 64.62% stake of the agro-industrial company KSG Agro (Dnipropetrivsk region) to the OLBIS. This is stated in the message […]
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The Bank of Japan has announced plans to begin experimenting with the digital currency early next fiscal year. At the first stage, it is planned to test the main functions of the digital currency, including the methods of its issuance and circulation. The second stage involves additional technical experiments. The Bank of Japan may then […]
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OpenAI has announced the launch of group chats in ChatGPT for users worldwide, TechCrunch reports. After a week of testing, including in Japan and New Zealand, the feature will become available to all users in the coming days, regardless of subscription plan (Free, Go, Plus, or Pro). The new feature allows users to collaborate with […]
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Russia received its lowest fossil fuel revenues since the start of the war In the second quarter of 2025, Russia’s revenues from fossil fuel exports fell by 18% year-on-year, the worst figure since the invasion of Ukraine. This is stated in the monthly report of the Centre for Energy and Clean Air Research (CREA). Despite […]
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1000 business and political leaders from around the world and 30 speakers will gather over three days. Hosted in-person in Kyiv from 20-22 October 2021, they will discuss and create commercial and partnership opportunities to deliver a secure energy future. The event showcases Ukraine’s natural gas opportunities and attractive investment climate as well as the […]
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According to the source Inventure, Ukraine has attracted nearly $ 4 billion ($ 3.8 billion) of foreign investment over the past 2016. This figure exceeds the amount of 2015 almost doubly. These indicators were noted by First Vice Prime Minister of Ukraine Stepan Kubiv at the governmental seminar “The economic development of the regions: strategies […]
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