New US sanctions more likely to curb Indian imports of Russian coal, traders say
By Sethuraman N R and Sudarshan Varadhan BAMBOLIM, India (Reuters) - New U.S. sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they Key Points
ThePrintUS cranks up pressure on Russia with 500 new curbs
US President Joe Biden on Friday announced Washington would issue more than 500 new sanctions targeting Russia as the United States seeks to increase... Key Points
The Tribune IndiaFrance calls for EU sanctions against Hamas officials
France's proposal could be adopted by EU foreign ministers in December, Boone said. It has the backing of Germany and Italy, according to her entourage. | World News Key Points
Hindustan TimesRussia's SPB Exchange seeks legal advice after US sanctions force trading halt
Russia's SPB Exchange, which specialises in trading foreign shares, has sought international legal advice on how to transfer shares and payments to investors after a trading halt last week due to U.S. sanctions, CEO Yevgeny Serdyukhov said on Friday. Key Points
ReutersKremlin on sanctions: 'We don't wear rose-tinted glasses but West…'
Russia-Ukraine War: The International Monetary Fund forecasts Russian growth of 2.2% this year - faster than either the United States or the Euro area. | World News Key Points
Hindustan Times
Japan imposes sanctions on individuals, companies connected to Hamas
The sanctions consist of freezing assets of individuals & a company that helped fund Hamas. It is in line with new sanctions announced by US government earlier this month. Key Points
ThePrintSyrians still endure poverty despite relative calm and renewed Arab ties
Nesma Daher survived years of war in a Damascus suburb that was on the frontlines of Syria's conflict. But well after the guns fell silent in her area and even as her country's regional isolation thaws, she says life only gets harder. Key Points
ReutersUS imposes sanctions on over 300 targets in fresh Russia action
The U.S. and Europe imposed financial penalties on Russia immediately following the start of the war last year and have steadily ratcheted up the pressure since then, targeting Putin and officials close to him, the financial sector and oligarchs. Key Points
mintPM Modi in Japan today for G7 summit, likely to speak on energy security, food | Top points
Prime Minister Narendra Modi is set to leave for Hiroshima in Japan to attend the G7 summit. He is travelling to the country at the invitation of his Japanese counterpart Fumio Kishida. Japan hosting the G7 summit as the current chair of the powerful grouping. Key Points
India TodayRussia’s economy holds up, but growing challenges test Putin
Russia’s economy has weathered the West’s unprecedented economic sanctions far better than expected. But with restrictions finally tightening on the Kremlin’s chief moneymaker — oil — the months ahead will be an even tougher test of President Vladimir Putin’s fortress economy. Key Points
India Today
Sanctions, prolonged war haven't hurt Russia as much as West hoped, but long-term cost is inevitable
There has been no drastic fallout of sanctions since Russia found customers for its oil in China & India, among other reasons. But Iran is proof that extended sanctions do have an impact. Key Points
ThePrintVenezuela's PDVSA authorizes first two oil cargoes to India after sanctions relief
HOUSTON (Reuters) - Venezuelan state oil company PDVSA has assigned loading windows this month to two vessels bound for India under crude spot deals with Italy's ENI and U.S.-based Chevron following a Key Points
ThePrintOil fall below $90 a barrel on report of US-Venezuela deal
By Erwin Seba HOUSTON (Reuters) -Oil futures fell on Monday on a report the U.S. and Venezuela could soon reach a deal to ease sanctions on Venezuela if a presidential election date is set, while Key Points
ThePrintOFAC sanctions: India asks US to release ₹215 crore, frozen from Indian diamond cos due to alleged Russia connection
Indian officials have requested the US to unfreeze $26 million ( ₹215 crore) belonging to Indian diamond companies. The funds were frozen due to alleged trade connections with Russian diamond giant Alrosa. Key Points
mintRussian hackers allegedly target health ministry website
Health ministry has approached CERT-In over attempt to hack its website. According to a report by CloudSEK, Phoenix mentioned that the attack is "a consequence of India's agreement over the oil price cap and sanctions of G20 over the Russia-Ukraine war". Key Points
Hindustan Times/cloudfront-us-east-2.images.arcpublishing.com/reuters/GGFWBZ3XAJIYZGFJFPNUCEJSBM.jpg)
StanChart argues for cutting 'systemic' sanctions busting claims from lawsuit
Standard Chartered sought on Tuesday to persuade a London court to remove from an investor lawsuit allegations that it broke U.S. sanctions against Iran in a "more widespread and systematic" way than the bank admitted to in a settlement with regulators. Key Points
ReutersIREDA achieves highest-ever annual loan sanctions and disbursements in financial year 2023-24
According to the company, its total loan sanctions reached Rs. 37,354 crores, while the loan disbursements totaled Rs. 25,089 crores. Key Points
ThePrintUS sanctioned tankers previously shipped Russian crude to India
The U.S. on Thursday imposed sanctions on maritime companies and vessels for shipping Russian oil sold above the Group of Seven's price cap. Key Points
Business TodayStanChart fails to avoid trial over US sanctions non-compliance
Standard Chartered lost its battle on Wednesday to exclude from a trial allegations it broke U.S. sanctions against Iran in a "more widespread and systematic" way than it previously admitted. Key Points
Reuterssanctions against Russia and what G7 may do to fortify them
The Group of Seven advanced economies are expected to announce a new set of sanctions against Russia to try to further hinder its war effort in Ukraine during their summit in Hiroshima, Japan. In traveling to Japan, Ukrainian President Volodymyr Zelenskyy will help to drive home the need to better enforce measures meant to stifle Moscow's war machine. Key Points
Economic Times
US targets Iraqi airline, its CEO and Hamas cryptocurrency financiers for sanctions
Sanctions come as Israel's bombing campaign on Gaza Strip continues and Iranian-backed militias launch regular strikes against bases housing US forces in Iraq and... Key Points
The Tribune IndiaJoe Biden announces new sanctions vs Russia two years into Ukraine war
U.S. President Joe Biden announced over 500 new sanctions against Russia on the second anniversary of its war in Ukraine, aiming to increase pressure on Moscow. These sanctions include export restrictions on nearly 100 entities and measures to diminish Russia's energy revenues. Key Points
Economic TimesIndia may buy Russian crude past cap if OPEC+ cuts boost costs
The stance underscores the pressing need in the country of 1.4 billion people to curb inflation and spur growth amid a surprise output cut by OPEC+ and western sanctions to rein in Russias oil revenue following the invasion of Ukraine. India, along with China, has emerged as one of the key buyers of Russian crude. It is now Indias top supplier, above Iraq and Saudi Arabia. Key Points
Economic TimesUS, China, Russia argue over North Korea's missile launch at UN
North Korea has been under U.N. sanctions for its missile and nuclear programs since 2006. | World News Key Points
Hindustan TimesIndia looks elsewhere for oil as US sanctions crimp Russia trade
India's oil trade with Russia is being impacted by the tightening of US sanctions, prompting refiners to explore alternative supplies. While Russia remains the dominant supplier, Indian refiners are increasingly buying more from Saudi Arabia. Refiners are eager to increase purchases of Russian oil, but require US approval to do so. Key Points
Economic Times