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.
The CEO of "Ukrzaliznytsia", Oleksandr Pertsovskyi, reported that Russia has been systematically attacking Ukrainian railway tracks since summer, using new tactics with long-range kamikaze drones. This leads to train traffic disruptions for 6-12 hours and increased diesel fuel costs.
Indian Prime Minister Narendra Modi urged Indians to buy local goods amid strained trade relations with the United States. The call came after the US imposed a 50% tariff on Indian goods, leading to a boycott of American brands.
The US is trying to include India's purchases of Russian oil in trade talks, despite growing demand in India. India is pushing for the removal of additional duties on Russian energy, citing energy security.
Silver Cast Creations announced "Maa Vande," a biographical film about Indian Prime Minister Narendra Modi, dedicated to his birthday. Unni Mukundan will play the lead role in the film, which will be released in several languages, including English.
US President Donald Trump held a telephone conversation with Indian Prime Minister Narendra Modi, thanking him for his support in resolving the conflict in Ukraine. Modi confirmed his support for US initiatives for a peaceful resolution of the conflict.
US Treasury Secretary Scott Bessent stated that the US would not impose additional tariffs on Chinese goods to stop purchases of Russian oil unless European countries impose high tariffs on China and India. Bessent emphasized the need for Europe to play a more active role in reducing Russian oil revenues and ending the war in Ukraine.
India has sent 65 servicemen to participate in the Russia-led 'Zapad' military exercises, which practice war scenarios with NATO countries. The maneuvers, involving 30,000 Russian and Belarusian troops, include ballistic missile launches and simulated airstrikes.
France has assured Ukraine of continued military support, despite political instability and the need to appoint a new prime minister. The country's defense budget has been maintained, and President Macron has promised an additional 2 billion euros in aid.
Chinese leader Xi Jinping and Russian dictator Vladimir Putin will join the virtual BRICS summit organized by Brazil. Indian Prime Minister Narendra Modi will send the foreign minister.
French President Emmanuel Macron and Indian Prime Minister Narendra Modi discussed the results of the "Coalition of the Willing". The leaders share a determination to achieve a just and lasting peace in Ukraine.
European Commission President Ursula von der Leyen discussed the Russian-Ukrainian war with Indian Prime Minister Narendra Modi. The EU expects Delhi to play a more active role in stopping the aggression and paving the way for peace.
President Zelenskyy stated that some partners, who declare their fight against the Russian aggressor, are simultaneously meeting with Putin in China. He emphasized that international pressure is insufficient, and Putin does not feel threatened, having significant financial reserves.
The meeting of the leaders of China and Russia in Beijing confirmed close ties. Bilateral trade reached a new record of $245 billion in 2024.
Chinese leader Xi Jinping stated the necessity of a multipolar world at the SCO summit on September 1, 2025, in Tianjin. He emphasized the equal participation of countries and fair global governance.
Brent and WTI oil prices fell by 0. 44% due to rising production and concerns about the impact of US tariffs on demand. Russian oil exports fell to a four-week low.
At the SCO summit, Vladimir Putin stated that the crisis in Ukraine was caused by a "coup d'état provoked by the West. " He also expressed hope for peace in Ukraine after meeting with Donald Trump.
The Prime Minister of India met with Putin and the Chinese leader at the SCO summit. Issues of economic, political partnership and security were discussed.
Chinese leader Xi Jinping hosts Indian Prime Minister Narendra Modi and Russian dictator Vladimir Putin at a security summit. This shows how Xi is trying to turn history, diplomacy, and military might into tools for transforming the world order.
Azerbaijani President Ilham Aliyev met with Chinese President Xi Jinping in Tianjin during the SCO summit. The parties discussed strategic partnership, growing trade, and cooperation in energy and digitalization.
Russian dictator Vladimir Putin began a four-day visit to China, where he will take part in the SCO summit. The Kremlin views the trip as an opportunity to strengthen cooperation with Beijing.
Turkish President Recep Tayyip Erdogan arrived in Tianjin to participate in the SCO summit. Bilateral meetings are planned, including with the leaders of China and Russia, to discuss regional security and economic cooperation.
Indian Prime Minister Narendra Modi confirmed support for a peaceful settlement of the war in Ukraine during a conversation with Volodymyr Zelenskyy. The leaders discussed bilateral partnership and ways to deepen cooperation.
President Zelenskyy held a conversation with Indian Prime Minister Modi. Modi supported the need for a ceasefire in Ukraine.
