The two countries have developed a relationship amid the geopolitical storm. India’s investment in Russian hydrocarbons is a win-win situation, providing India with energy security and giving Russia a stable market, promoting technology transfer. Russia and India are at a pivotal point in the geopolitical tremors that have arisen since
Iran’s saffron, also called ‘desert gold’ supplies, are running dry, which producers and traders say is due to shifting weather patterns and water scarcity. Due to a bad crop in Iran, the world’s largest source of saffron, there is a shortage of the spice on the market, according to a
Russia will begin year-round LNG shipments via the Arctic route of the NSR, a transit route spanning the entire length of Russia’s Far East and Arctic territories within its exclusive economic zone. Sergey Zybko, the head of the Northern Sea Route (NSR) operator, revealed this week that Moscow intends to
According to Bloomberg, Italy has officially exited China’s Silk Road Initiative, which, according to Foreign Minister Antonio Tajani, is because BRI has not produced the desired effects. China has been formally informed by Italy’s government, led by Prime Minister Giorgia Meloni, that Italy is leaving the Belt and Road Initiative.
According to a Reuters investigation, Venezuela’s secret weapon might be a “dark fleet” of oil tankers. The country’s national oil company, PDVSA, had reportedly leased 41 tankers in 2022. Dark fleet is a term used to describe the assortment of tanker vessels which conceal their locations so as to enable the
The ‘Arctic Silk Road’ has come alive as Bloomberg ship-tracking data shows that Russia has sent the first LNG tanker, Fedor Litke, to Asia this year. This year, Russia shipped its first liquefied natural gas cargo via the Northern Sea Route (NSR) in the Arctic onboard the vessel Fedor Litke.
Pakistan’s Federal Minister of Energy, Khurram Dastagir, Minister for Maritime Affairs, Faisal Subzwari, and Consul General of Russia, H. E. Andrey Viktorovich Fedorov, welcomed the first direct cargo ship from Russia. On May 25, a landmark event took place in Pakistan’s southern port city as the Russian cargo vessel arrived
Camille Colonna, an anthropologist at France’s National Institute of Preventive Archaeological Research (INRAP), announced at a press conference that an ancient necropolis from 2,000 years ago has been unearthed next to a Paris train station.
In 2019, the European Union took India to the WTO, alleging that India had imposed tariffs on certain products that exceeded what had been agreed to at the international level. Recently, a WTO panel ruled that India has violated global trade agreements.
