Revenue of the Indian diamond industry is set to be cut 15-20 per cent to $19-20 billion this fiscal, compared with a decadal high in the last financial year
The administration uses an August 2018 executive order signed by then-President Donald Trump as its authority to impose the sanctions
The country faces a Sunday night deadline to meet a 30-day grace period on interest payments originally due May 27. But it could take time to confirm a default
India -- the world's third-biggest oil importer - has taken advantage of deeply discounted prices to ramp up oil imports from Russia at a time when global...
Russian Foreign Ministry said that the move came in response to US's long list of sanctions against Russian political and public figures. The list includes...
Iran had threatened to take "punitive action" earlier over Greek involvement in the US seizure of an Iranian oil tanker in Greek waters.
The Treasury Department said in a notification that does not plan to renew the license to allow Russia to keep paying its debtholders through American...
In March, Russia imposed a similar ban against US President Joe Biden in retaliation for US sanctions against Russia.
Foreign Minister Sergei Lavrov’s wife and daughter and Russia's two largest banks have also been sanctioned.
White House also noted that India is importing only 1 or 2 per cent of their oil from Russia.
US deputy National Security Advisor (NSA) Daleep Singh, considered a key architect of Washington's punitive economic sanctions against Moscow, was in New Delhi...
The US and its western allies have increasingly turned to sanctions, investment bans, embargoes and other forms of economic warfare over the last two decades
The decision came following Ukrainian President Volodymyr Zelenskyy's pleas to the US and Western officials to cut off the import of Russian oil and gas.
European banks are the most exposed financial institutions to Russia’s new sanctions, specifically those in Austria, France and Italy.
The Russia-Ukraine war entered its eight day on Thursday, with fighting intensifying in Ukrainian capital Kyiv and other big cities
Ukraine Crisis: US President Joe Biden administration officials said Germany, France, the UK, Italy, Japan, European Union and others will join the US in...
Biden administration officials said Germany, France, the UK, Italy, Japan, European Union and others will join the U.S. in targeting the Russian central bank
Restrictions on the Russian central bank target its access to more than $600 billion in reserves the Kremlin has at its disposal.
The SWIFT is the world's main banking messaging service which links around 11,000 banks and institutions in more than 200 countries, including India.
Russia is heavily reliant on SWIFT due to its multibillion exports of hydrocarbons denominated in US dollars. The cutoff would terminate all international...
India and Russia bilateral payments are made in the Indian rupee. For both imports and exports, payments are made or received in the rupee for shipments.
Previous sanctions on Russia have aimed at individuals and entities directly involved in Russian misbehavior, but Maria Shagina, a sanctions expert at the...
Ukraine Crisis: US President Joe Biden has termed Russian President Vladimir Putin's actions, including ordering Russian troops into Luhansk and Donetsk, the...