The Business Times

Russian oil

Energy & Commodities

G7 nations say they will target those continuing to increase Russian oil purchases

Trump told EU officials on Tuesday he was willing to broaden tariffs on Russian oil buyers such as China and India — possibly as high as 50% to 100% — if the bloc takes similar steps.
Global Enterprise

China chides ‘economic pressure’ over Trump threat of Russian oil tariffs

Indian External Affairs Minister Subrahmanyam Jaishankar said that India and Russia must remove trade bottlenecks and reduce non-tariff barriers to reach the goal.
Global Enterprise

India and Russia seek to increase trade to US$100 billion as US ties fray

US President Donald Trump has announced an additional tariff of 25 per cent on Indian goods exported to the US from Aug 27, as a punishment for buying Russian oil.
Global Enterprise

Russia expects India to keep buying its oil and seeks China-India-Russia talks

The world economy is going through many apprehensions, there is an atmosphere of instability,” NarendraModi says.
International

Modi defiant as Trump steps up pressure on India’s Russia oil purchases

India’s refiners have been singled out by the European Union and the US for supporting Moscow during its war in Ukraine with the oil purchases.
International

India hasn’t stopped Russian oil purchases after Trump rebuke

FILE PHOTO: A view shows oil storage tanks of the Caspian Pipeline Consortium's (CPC) Marine Terminal in Yuzhnaya Ozereevka near the Black Sea port of Novorossiysk, Russia, September 21, 2021. Caspian Pipeline Consortium/Handout via REUTERS REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT./File Photo
Opinion & Features

A US tariff idea that makes sense

The timing of Biden's latest oil sanctions on Russia shows the depth of rage at the way the Ukraine war has gone so far.
Opinion & Features
THINKING ALOUD

Trump’s tightrope between oil sanctions and dollar status

Rosneft oil exports from Novorossiisk are set to fall to 0.62 million tonnes in July from 1.06 million tonnes in June.
Energy & Commodities

Rosneft, Lukoil to cut oil exports from Black Sea’s Novo: sources

Russia has also had to find new markets for its natural gas exports as Moscow cut its exports to EU nations, which have also looked for new suppliers.
Energy & Commodities

Russia says redirected most oil exports to China, India

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