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Russian Oil Imports: India, the world's third biggest importer and consumer of oil, has been binging on Russian oil sold at a discount after Russia was shunned by some western countries following its invasion of Ukraine last year.
India's imports of Russian oil eased in October as global oil prices rose, narrowing the discounts that had made Russian oil attractive. Preliminary data from Kpler and Vortexa showed a 12% and 8% decline in India's monthly intake of Russian oil in October. Despite this decline, it is expected that India's oil imports from Russia will rebound in November, as several cargoes were delayed.
Russian President Vladimir Putin seems to have picked a bad time to try to restore the Russian empire. Collapsing energy prices are weakening the value of the ruble, causing inflation and depriving Mr. Putin of badly needed income. We might expect his troubles to curb his appetite for aggression. Alas, it has not.
On Saturday, Russia appointed Sergei Surovikin as the new commander of the war in Ukraine, he has been described by the British Ministry of Defence as 'brutal and corrupt.' Surovikin ordered that...
Dugo očekivani sastanak predsednika Kine i Rusije u Uzbekistanu dolazi u trenutku kada Peking i Moskva žele da ojačaju svoje veze s centralnom Azijom, demonstrirajući istovremeno zajednički front protiv Zapada.