After a five-year hiatus, the Indian Prime Minister, Narendra Modi, visited Russia twice in 2024, reaffirming that both countries see their relationship as important. President Vladimir Putin’s imminent visit to New Delhi,

Russia also accounts for about 65% of India’s arms imports over the past 20-odd years. Besides, they argued, India needs to nurture the relationship to offset warming ties between Russia and China, India’s chief rival.

Indian refiners have stopped dealing with U.S.-sanctioned oil tankers and entities but the country does not expect disruption to Russian crude supplies during a two-month wind-down period, a government source said on Monday.

The wide-ranging sanctions imposed by the US on the Russian oil sector have started to dent near-term oil flows to India with state-owned Bharat Petroleum Corporation Ltd (BPCL) saying not enough cargoes are available for March.

Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Oil refiners in India are reaching for all available options in the rush to make up for Russian flows hit by Washington’s latest round of sanctions,

The Indian government has taken up the issue with Russian authorities regarding the death of an Indian from Kerala serving in the Russian military and

The wide-ranging sanctions imposed by the U.S. on the Russian oil sector have started to dent near-term oil flows to India with state-owned Bharat Petroleum Corporation Ltd. (BPCL) saying not enough cargoes are available for March.

Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs.

In a big and rare praise coming from Vladimir Putin, the Russian President said on Friday that Moscow's full-scale military operation on Ukraine could have been averted had Donald Trump been the US president at that time.

India has allowed Russian insurer Soglasie Insurance Company to provide marine cover to tankers entering Indian ports, according to Indian ship regulator's website, as New Delhi wants steady supply of cheaper Russian oil despite latest U.

Ukraine said on Friday it had struck a Russian oil refinery and a microchip factory in a huge drone attack that caused fires at the refinery's