The Oil prices have surged and surpassed $85 per barrel after several oil producer countries announced surprise cuts in production, TASS Agency reported. According to the Russian News Agency, this is the first time since March 7 that the price of futures contracts of Brent crude oil surged. The price of futures contracts of Brent crude oil for June 2023 delivery on London's ICE surpassed $85 per barrel.
The G20 meeting of the finance ministers and central bank governors beginning July 19 will also be attended by Reserve Bank of India Governor D Subbarao and Deputy Governor Urjit Patel.
Finance Minister Nirmala Sitharaman on Thursday said India has ramped up the import of crude oil from Russia at discounted prices amid sanctions on Moscow as part of the country's inflation management. "In a situation where global prices were going beyond anyone's affordability, at that stage to take a very strong political decision, I respect the prime minister for his courage on this to get it from Russia because they are ready to give it to you at discount. And how speedily did we manage to do it," she said. India ramped up its import from Russia from about 2 per cent of the total shipment of petroleum products to 12-13 per cent in a couple of months as part of inflation management, she said at a seminar organised by economic think-tank Icrier.
Pakistan Prime Minister Imran Khan on Thursday began his engagements in Moscow by laying a wreath at the Tomb of the Unknown Soldier, and is scheduled to meet Vladimir Putin, hours after the Russian president ordered a special military operation in eastern Ukraine, ignoring last-minute appeals and warnings from the West.
On Friday, February 25, it will be a year into Russia's invasion. Fighting now amounts to attritional duels of artillery and infantry assaults, with neither side making significant gains. But Ukrainians daily pay the price with their lives as Russian missiles and rockets levy a toll of death and destruction.
Natela Dzalamidze will be able to compete at Wimbledon after she changed her nationality to represent Georgia
In what is seen as the first sign of China's exasperation over Russia's Ukraine war, Chinese President Xi Jinping on Thursday raised 'questions and concerns' over the conflict in his meeting in Samarkand with Russian President Vladimir Putin who thanked Beijing for its 'balanced position' on the crisis.
Russia has accused the BBC of "waging an information war" on different fronts -- not only against Moscow, but also against other global centres of power pursuing an independent policy -- days after the British broadcaster released a controversial series on Prime Minister Narendra Modi.
Five top contenders for the women's title at the French Open, which starts on Sunday.
'I had lied to Yashji about my age. I was only 13-and-a-half, but I told him I was 18.' 'When the time came to travel to Yashji's famous Swiss shoots, I had to get a school leaving certificate.' 'When I gave Yashji the certificate, he almost fell off the chair.'
Aryna Sabalenka bludgeoned her way to a maiden Grand Slam title at the Australian Open with a 4-6, 6-3, 6-4 win over Kazakh 22nd seed Elena Rybakina on Saturday in a thrilling final .
Singles champions Novak Djokovic and Elena Rybakina were the star attractions at Sunday's Wimbledon Champions Ball.
Indian golfer SSP Chowrasia stayed consistent with a one-under 71 in the fourth and final round to finish at tied 32nd as the best Indian in the M2M Russian Open golf tournament in Moscow on Sunday.
Khan met Russian President Vladimir Putin in the Kremlin on February 24, the day the Russian leader had ordered a "special military operation" against Ukraine.
Soccer governing bodies FIFA and UEFA had decided together that all Russian teams, whether national or club sides, be suspended from participation in FIFA and UEFA competitions until further notice after Moscow's invasion of Ukraine.
Olympic double sprint silver medallist Yohan Blake will only run in the 100 metres at the World Athletics Championships in Moscow after he withdrew from this weekend's Jamaican national championships, his manager said on Tuesday.
The five top contenders for the women's title at Wimbledon, which starts on Monday.
Finance Minister Nirmala Sitharaman on Wednesday allocated nearly Rs 12,544 crore to the department of space as India plans a human spaceflight -- Gaganyaan -- next year and sets out to explore the moon and neighbouring planets.
The phone conversation came days after it emerged that Modi will not be travelling to Russia for the annual India-Russia summit this year.
Ukrainian President Volodymyr Zelenskyy visited Kherson on Monday, days after his country's military recaptured the city from Russian control, even as Moscow insisted that Kherson remained part of its territory.
Australian Open organisers have issued a reminder to players and their entourages about their policy on "inappropriate flags" after a video emerged showing Novak Djokovic's father posing for pictures with fans holding Russian flags.
Ahead of this year's Wimbledon, Russian and Belarusian players signed personal declarations that cleared them to compete in this year's Championship.
Russia has defaulted on the supply of at least 5 cargoes or shiploads of LNG to India after its retaliatory sanctions hit one of the companies that supply gas to India, sources said. India's largest gas firm GAIL has a long-term deal to import 2.85 million tonnes of liquefied natural gas (LNG) per annum from a Singapore-based unit of Russian gas producer Gazprom. The company has since June defaulted on the supply of 5 cargoes of LNG under that contract citing difficulty in sourcing gas due to sanctions, two sources briefed on the matter said.
The Hague-based ICC accused the Russian president of responsibility for war crimes committed by Russian forces in Ukraine during the war that has been ongoing for over a year.
India and Russia on Thursday decided to expand cooperation in various sectors as they signed 16 pacts, including on joint manufacture of 226 military helicopters.
What is more surprising is that a surge in Russian oil supplies has come after the G7 imposed stringent sanctions on Moscow.
The leaders of the two countries "discussed the main aspects of bilateral cooperation and exchanged views on current regional topics, including developments in South Asia," said a brief statement issued by the Russian President's office - Kremlin.
'A lot has been done under the leadership of PM Modi. He is a patriot of his country. His idea of 'Make in India' matters both economic wise and in ethics. Future belongs to India, it can be proud of the fact that it's the largest democracy in the world,' the Kremlin said at Valdai Discussion Club.
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