Chinese foreign ministry spokesperson Lin Jian speaks during a press conference in Beijing. (EPA Images pic) BEIJING: China said on Wednesday it “firmly opposes” a sanctions bill proposed by US senators and supported by President Donald Trump that targets countries buying Russian energy. The bipartisan legislation could potentially clear the way for the US to…
In an apparent reversal of course, Washington announced that it will issue a fresh 30-day general license allowing countries around the world, including India, to purchase energy from Russia without attracting US sanctions. Russian oil waiver renewed by US, treasury department posted the updated license late Friday (File photo/Bloomberg) This comes just two days after…
A Russian oil-laden tanker originally bound for China has reversed course in the South China Sea and is now heading to India. The move comes amid a global energy crisis caused amid the US-Iran war. The tanker Aqua titan, carrying Russian oil, was initially heading to China. (Brian Kushner/MarineTraffic.com) Ship-tracking data show that the Aframax…
Tehran: Tehran has responded to US President Donald Trump’s remark about ending the war in Iran, saying it will be the one who will “determine” when the military actions against American and Israeli targets cease. Iran’s Islamic Revolutionary Guard Corps (IRGC) stressed that equations and the future status of the region are now in the…
The President Donald Trump-led US administration is reportedly planning to impose tough new sanctions on Russia amid the ongoing bid to end the war between Russia and Ukraine that started in 2022. File photo of US Senator Lindsey Graham (L) with President Donald Trump. (REUTERS) The bill, Sanctioning Russia Act of 2025, threatens tariffs as…
US President Donald Trump hinted at supporting the proposed Senate legislation to sanction countries conducting business with Russia, as he said that such a measure would be “okay with me,” amid a long-running push to cut Moscow’s access to funding. “The Republicans are putting in legislation that is very tough, sanctioning, etcetera, on any country…
(Bloomberg) — Chinese investors hunting for the next artificial intelligence winners are looking beyond high-flying chipmakers to the utilities and metal producers that form the industry’s physical backbone. The shift toward the sector’s supply chain — from power generators to materials used in data centers — reflects growing concern over lofty valuations in pure-play AI…
By Jeff Mason and Nandita Bose WASHINGTON (Reuters) -The United States has granted Hungary a one-year exemption from U.S. sanctions for using Russian oil and gas, a White House official said on Friday, after Hungarian Prime Minister Viktor Orban pressed his case for a reprieve during a friendly meeting with President Donald Trump in Washington….
US President Donald Trump said he may discuss a decline in Chinese purchases of Russian oil with Xi Jinping following US sanctions on two major oil companies and expressed disappointment with Vladimir Putin over his conduct of the war in Ukraine. Trump, speaking to reporters en route to Asia to meet world leaders, including Xi,…
Voicing concern over Western sanctions policies, Union commerce and industry minister Piyush Goyal questioned why India was being “singled out” over its oil dealings with Russia, while European nations appear to have secured quiet exemptions. Currently, India is facing 50 per cent tariffs by the US, half of which were imposed as punishment for buying…