Ukraine has intensified attacks on Russian oil infrastructure, hitting key facilities. This has led to a reduction in Russian oil exports to key partners and a fuel shortage in the Russian Federation.
The NISAR satellite, a joint development by NASA and ISRO, has been launched into orbit with the largest reflector antenna. It will track glacier movement, earthquakes, landslides, and deforestation.
The 50% tariffs on Indian goods introduced by Donald Trump could reduce India's exports by $37 billion, nullifying billions of dollars saved on Russian oil. This decision will have long-term consequences for India's economy and Prime Minister Modi's political standing.
Russian oil supplies decreased by 320,000 barrels per day in the week to August 24 due to infrastructure damage and the doubling of US tariffs on Indian goods. Export volumes to India have fallen by more than 500,000 barrels per day in the last two months.
Donald Trump imposed high tariffs on Indian goods due to the country's purchase of Russian oil and weapons. India plans to lower taxes to mitigate the economic impact.
Heavy rain caused a landslide on a pilgrimage route in Jammu, India, killing at least 30 people. Authorities urged people to stay home at night due to floods and forecast further rains.
Oil prices stabilized on Wednesday after falling, as the market watched the war in Ukraine. Investors were assessing the imposition of high US tariffs on India.
ExxonMobil is holding closed-door negotiations with Rosneft regarding the resumption of development of Sakhalin-1, subject to permission from the US and Russian governments. Negotiations intensified after Trump's inauguration, and the company received support from the US government.
Ukrainian attacks on Russian oil refineries disrupted at least 17% of Russia's oil refining capacity, causing a gasoline shortage. Strikes on facilities in Novoshakhtinsk, Ust-Luga, and the Druzhba pipeline are a response to Russian aggression.
Indian refineries plan to reduce purchases of Russian oil to 1. 4-1.6 million barrels per day. This comes amid US pressure and the upcoming doubling of American tariffs on Indian imports.
Brent and WTI oil prices fell after a rise caused by fears of fuel supply disruptions. Traders expect stronger US sanctions against Russian oil and are monitoring the consequences of tariffs imposed against India.
US Vice President J. D. Vance stated that the Trump administration is considering new sanctions against Russia's oil industry. The goal is to force Moscow to agree to a peace deal with Ukraine using economic pressure.
Finnish President Stubb stated that a meeting between the leaders of Ukraine and Russia is unlikely in the near future. He believes that Trump's patience with Putin may run out due to the protracted war and attacks on civilian targets.
Donald Trump expressed his desire to meet with Putin and Zelenskyy. He noted that many consider such a meeting to be fruitless.
Chinese Ambassador to India Xu Feihong expressed solidarity with India, opposing American tariffs on Indian exports. This move is a sign of warming relations between the two Asian rivals.
Ethel Caterham from Great Britain, born on August 21, 1909, celebrated her 116th birthday. She is the last living subject of King Edward VII.
Chinese President Xi Jinping visited Tibet, calling for inter-ethnic unity. This is his second visit to the region as president.
India and Russia intend to increase trade to $100 billion in five years. This is a response to trade pressure from the United States.
Indian state-owned oil refineries have resumed purchases of Russian Urals oil after a short break. This comes despite criticism from American officials and threats of sanctions.
On August 20, 2025, India successfully launched the Agni-5 medium-range ballistic missile. The launch confirmed the reliability of all technical and operational characteristics of the system.
Russia expects to retain India as a stable oil client, offering discounts of about 5% off the market price. The US is increasing pressure on India over its purchases of Russian oil, imposing duties and accusing it of supporting "Putin's war."
US Treasury Secretary Scott Bessent accused India of profiting from Russian oil purchases during the war in Ukraine. He noted that the share of Russian oil in India's imports increased from less than 1% to 42%.
Chinese refineries increased purchases of Russian Urals oil, taking advantage of India's refusal of preferential batches due to Washington's increased trade tariffs. Urals exports to China almost doubled in August, while they significantly decreased to India.
Vladimir Putin is holding numerous telephone conversations with world leaders. This is happening against the backdrop of Donald Trump's meeting with Volodymyr Zelenskyy and European leaders.
Oil prices were little changed after falling earlier in trading. The US did not put further pressure on Russia to limit oil exports after the leaders' meeting.
The visit of US negotiators to India, scheduled for August 25-29, has been canceled. This casts doubt on the autumn deadline for agreeing on a bilateral trade deal.
Over 280 people have died in India and Pakistan due to flash floods caused by torrential rains. Rescuers evacuated about 1,600 people, and dozens are considered missing.
Donald Trump said he is not considering immediate tariffs on China for buying Russian oil, but may do so "in two or three weeks. " He threatened sanctions against countries buying Russian oil if the war in Ukraine is not stopped.
Donald Trump plans to impose tariffs of up to 300% on semiconductor imports, citing national security. This will expand his tariff policy and could affect the global economy.
Russia is facing financial difficulties due to India's reduction in oil purchases. Moscow is offering Urals oil to China at a discount, but Beijing will not be able to fully compensate for the lost volumes.
