Following Russia's invasion of Ukraine in 2022, India became a major buyer of Russian crude oil that was widely sanctioned by the West. That may be about to change.

In several sectors, China is a key supplier, and such actions could lead to increased production costs. This may also result in a rise in inflation in the domestic market.

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.

On Jan. 10 the US Treasury’s Office of Foreign Assets Control sanctioned 161 tankers and traders involved in about 2,000 shipments since the invasion began. It also acted against Moscow-based ship insurers and two companies — Surgutneftgas and Gazpromneft — which in the first 10 months of last year accounted for almost 30% of Russia’s oil exports.

During the ongoing Russia-Ukraine war, the Russian air force has used the Tu-160M bombers to launch devastating cruise missile strikes on Ukraine.

India is now staring at the possibility of an oil shock after the U.S. decided to implement sweeping sanctions on Russia’s oil industry.

Indian Oil Corp (IOC) , the country's top refiner, has bought 7 million barrels of spot Middle Eastern and African crude oil via tenders, including a rare purchase of Abu Dhabi's Murban, as U.S. sanctions are expected to hit supplies from Russia,

Why the US curbs on Russia's crude oil is relevant to the UPSC exam? What is the significance of topics such as India-US civil nuclear deal, BMI, Army role in Viksit Bharat, and At home event have on both the preliminary and main exams?

The two satellites of the Indian Space Research Organization 's (ISRO) Space Docking Experiment, or SpaDex, successfully met up in Earth orbit yesterday (Jan. 15), making India just the fourth country to pull off an in-space docking. The other three are all heavy hitters in the space game: the United States, Russia and China.

OPEC's share in India's crude oil imports edged up in 2024, rising for the first time in nine years, while top supplier Russia's share remained steady, data obtained from trade sources showed.

India on Thursday became the fourth country to successfully achieve an unmanned docking in space, a feat seen as pivotal for future missions as New Delhi cements its place as a global space power.

The latest sanctions package would certainly have an impact on India’s oil imports, given Russia is currently the biggest crude oil source market for India. How it would really pan out would be contingent upon various variables.