Discounts on Russian oil for Indian refineries have increased to over $10 per barrel, calling into question a trade deal with the US. India, despite reducing purchases, is unlikely to completely abandon Russian oil anytime soon.
The US is canceling a 25% punitive tariff on imports from India. This happened after an agreement under which India is reducing its purchases of Russian oil.
Global oil prices stabilized after a fall caused by the US-India trade deal. India will stop buying Russian oil, increasing imports from the US and Venezuela.
Donald Trump announced an agreement on a trade deal with India. India has agreed to stop buying Russian oil and purchase more energy from the US.
Irish Minister for European Affairs Thomas Byrne stated that Ukraine will be discussed during the visit of EU leaders to India. The visit aims to conclude a free trade agreement.
India and the European Union will announce a free trade agreement that includes India reducing tariffs on car imports from the EU by up to 40% from 110%. This will pave the way for an expanded market for European cars and Indian electronics, textiles, and chemicals.
German Chancellor Friedrich Merz suggested that the EU and India could sign a free trade agreement by the end of January after meeting with Indian Prime Minister Narendra Modi. The presidents of the European Commission and the European Council will visit India to sign the agreement if it is finally agreed upon.
New Delhi recorded its worst air pollution in nearly a decade this winter, leading to rare public protests and criticism of the government. The Air Quality Index exceeded 300 on 88% of days in November and December, the highest since 2017.
Putin signed a law ratifying an agreement with India regulating the access of military formations, ships, and aircraft of one country to the territory of the other. This agreement creates a legal basis for the mutual presence of military forces, which is applied for joint exercises and exchange of experience.
US President Trump and Indian Prime Minister Narendra Modi held talks on the progress of bilateral relations. The leaders discussed trade negotiations and cooperation in technology, defense, and security.
Vladimir Putin told Indian Prime Minister Narendra Modi that Russia is ready to continue uninterrupted oil supplies. This happened during the annual summit in New Delhi, where the leaders reaffirmed the resilience of their ties to external pressure.
Indian Prime Minister Narendra Modi and Kremlin head Vladimir Putin met in New Delhi, discussing peace efforts regarding Russia's war against Ukraine and expanding economic cooperation. Agreements on mobility, supplies of Indian products, and the leasing of a submarine are expected.
India will pay about $2 billion to lease a nuclear submarine from Russia, concluding a decade of negotiations. The deal provides for the delivery of the vessel within two years, although the contract was signed in March 2019.
Putin will pay a state visit to India on December 4-5 for talks with Prime Minister Narendra Modi. The meeting takes place against the backdrop of India continuing to massively buy discounted Russian oil, despite warnings from Washington.
Air India will resume direct flights between New Delhi and Shanghai from February 1, 2026, returning to mainland China after nearly six years. This comes amid a de-escalation of ties between New Delhi and Beijing.
India has signed its first long-term agreement with the United States to import 2. 2 million tons of liquefied petroleum gas next year. This will strengthen energy ties and help New Delhi conclude a trade deal with Washington.
Chinese President Xi Jinping will not participate in the G20 summit, which will be held in November in Johannesburg; he will be represented by Premier Li Qiang. This decision means that the event will take place without the leaders of the US, China, and Russia.
Putin will visit India on December 5, despite Russia's war against Ukraine. This comes amid a strengthening strategic partnership between Moscow and New Delhi.
The visit is scheduled for December this year. Putin last visited India in December 2021.
Trump announced successful talks with Indian Prime Minister Narendra Modi and confirmed his intention to visit India in the near future. The visit is expected to strengthen the strategic partnership between the countries, especially against the backdrop of shared economic and security interests.
At least nine people died and dozens were injured at the Swami Venkateswara temple in India due to a rush of worshippers during the celebration of a sacred Hindu day. The tragedy was caused by the collapse of an iron grate, leading to an uncontrolled crowd.
Indian state-owned company Hindustan Aeronautics Ltd. signed an agreement with Russian United Aircraft Corp. on the production of SJ-100 civil passenger aircraft.
A passenger bus in India caught fire after colliding with a motorcycle, killing at least 25 people and injuring several others. The accident occurred on a highway near Kurnool when a motorcycle crashed into the rear of the bus, causing sparks that engulfed the fuel tank.
Russian oil supplies to major Indian refineries will drop to near zero due to US sanctions against Rosneft and Lukoil. India, which purchased over 36% of its oil imports from Russia this year, will now seek suppliers in other countries.
India and the US are nearing a trade deal that could reduce tariffs on Indian exports from 50% to 15-16%. The agreement also includes a possible reduction in India's imports of Russian oil and an increase in exports of American corn and soybean meal.
The Indian authorities commented on Donald Trump's words about refusing Russian oil. Delhi stated that the priority is to protect the interests of the Indian consumer and diversify energy sources.
Oil prices rose by 1% after Donald Trump's statement about India stopping purchases of Russian oil. Brent futures rose to $62.45, WTI to $58.84.
US President Donald Trump stated that Indian Prime Minister Narendra Modi assured him that India would cease purchasing Russian oil. Previously, the US imposed 50% tariffs on Indian goods due to these purchases.
India and Russia are discussing the joint production or direct purchase of five S-400 "Triumf" air defense systems. The deal could be approved before Putin's visit on December 5, which would strengthen India's defense capabilities.
India has appealed to the United States to allow the import of Iranian and Venezuelan oil to compensate for reduced purchases of Russian crude. New Delhi emphasizes the need to maintain the country's energy security and curb the rise in global energy prices.
