Tag: #russia

Russia remains India’s top oil supplier for the month of november too.

Russia has for the first time emerged as top oil supplier to India replacing Iraq as refiners last month snapped up oil from Moscow fearing a price cap from Dec. 5 could hit supplies and choke payment avenues, data obtained from trade sources showed.

India’s oil imports from Russia rose for the fifth straight month, totaling 908,000 barrels per day (bpd) in November, up 4% from October, the data showed.

The Group of Seven nations, Australia, and the 27 European Union countries have imposed a price cap of $60 a barrel on Russian seaborne oil from Dec. 5 as the West tries to limit Moscow’s ability to finance its war in Ukraine.

India, which rarely used to buy Russian oil because of costly logistics, has emerged as Russia’s second biggest oil client after China as refiners snap up discounted crude shunned by Western nations since the February invasion of Ukraine.

Higher purchases of Russian oil dragged down Indian imports from the Middle East and member nations of Organization of Petroleum Exporting Countries (OPEC) declined to the lowest ever in November, the data showed.

Russia offers India large ship on lease.

Russia has offered India to lease and build very large crude carriers (VLCC) as insurance on Russian oil. “Traditionally India couldn’t get large quantities of crude from Russia as there weren’t any VLCC’s. However, now with India’s imports from Russia reaching nearly 30 per cent of total requirement, VLCC is the need of the hour.

This can also remove insurance liability on India as after price cap most insurers have backed out from insuring Russian crude,” say sources. This offer was given  when Russian Russian Deputy Prime Minister Alexander Novak met India’s Ambassador to Russia, Pavan Kapoor on December 9th.

In 2021, bilateral trade between Russia, India increased by 46.5 per cent, exceeding $13.5 billion. From January to September 2022 trade reached $20.4 billion.

Japan was the target of Russia, before invading Ukraine.

Months before President Vladimir Putin launched a full-scale invasion of Ukraine, he was planning to attack Japan, according to an alleged letter from a whistleblower at Russia’s Federal Security Service (FSB). 

In March, an FSB agent, dubbed the ‘Wind of Change’ reportedly wrote a letter to Vladimir Osechkin, a Russian human-rights activist who runs the anti-corruption website Gulagu.net and now lives in exile in France after he was placed on a wanted list by the Russian government.

He is accused of leaking an enormous trove of documents, photos, and videos with hundreds of cases of rape and torture of inmates in Russian prisons directed by prison officials.

Russia showed a great gesture of friendship towards India by recognising the disputed area as integral part of Indian region.

Moscow: India’s friend Russia has recognized Jammu and Kashmir, Ladakh and Arunachal Pradesh as an integral part of India. This has been seen in the map of SCO member countries issued by the Russian government. According to media reports, the map released shows Pakistan-occupied Kashmir (POK) and Aksai Chin as well as the entire Arunachal Pradesh as part of India. Despite Pakistan and China being member countries of the SCO, Moscow has taken this step. 
This map has further strengthened the Indian side on the issue of Jammu and Kashmir at the international level and within the SCO.

The Soviet Union and Russia have backed India on Kashmir since 1947 and have used veto in the UNSC to block anti-India resolutions. Moscow has repeatedly said Kashmir was a bilateral issue between India and Pakistan, preventing any internationalisation of the dispute.