The US seized 1 million barrels of Iranian oil from the ship Suez Rajan in April, which was allegedly being sold to China by the IRGC. The American administration has acknowledged that it intercepted about a million barrels of Iranian crude oil that were reportedly headed for China. The department
After an assessment by scientists from the state-owned China Railway First Survey and Design Institute Group Co. Ltd., under the guidance of the institute’s deputy director of capital operations, Zhang Ling, China’s project to connect Kashgar to Gwadar via Kashmir has received the green light. Chinese President Xi Jinping has
According to reports, India and Russia are considering an Arctic shipping line to link Southeast Asia with Europe in less time than the Suez and Panama canals.
According to Reuters, Russia has overtaken Saudi Arabia to become China’s top oil supplier after Chinese imports of crude from Russia jumped by 23.8% year over year to 1.94 million barrels per day (bpd) in January and February 2023.
During the first meeting of the India-Central Asia joint working group on Afghanistan, India announced that it would send 20,000 metric tonnes of wheat to Afghanistan via the Iran port.
According to a new report by Bloomberg, the Arctic Silk Road has come to life as Russia sends oil to China through the Bering Strait.
The West has chastised India for its continuous procurement of Russian oil. However, there is no end in sight for India’s partnership with Russia as Russian oil exports to India have jumped 25x thanks to western sanctions.
Several people recount how the G7 countries failed to “tame” surging commodities futures and speculation in 2007-2008, which impacted already rising food prices and contributed to food riots in 37 countries. Here is why the west has zero moral right to lecture India on it’s wheat ban policy.
Contrary to popular belief, as per recent data by the Indian commerce ministry the two-way trade between China and India last year stood at $77.7 billion, making Beijing New Delhi’s largest trading partner during the period.
