Russia Drops Self-Imposed Restrictions on Intermediate-Ranged Missile Deployments
Until 2019, both Russia and the United States had been party to the Intermediate-Range Nuclear Forces (INF) Treaty, which prohibited either party from having ground-launched nuclear and non-nuclear missiles that can travel between 310 and 3,400 miles.
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The Hill
an hour ago
- The Hill
Rubio says Witkoff returning with Russia-Ukraine ceasefire proposal
Secretary of State Marco Rubio said Wednesday that U.S. envoy Steve Witkoff will return from Moscow with a framework for peace between Russia and Ukraine. 'The specific timing of it is not discussed,' Rubio told Larry Kudlow during an appearance on Fox Business Channel. 'I think what we have is a better understanding of the conditions under which Russia would be prepared to end the war. We now have to compare that to what the Ukrainians and our European allies, but the Ukrainians primarily, of course, are willing to accept,' he added. Witkoff has been gleaning information from talks in Russia as the Kremlin advances strikes on Kyiv and surrounding cities in its war with Ukraine. In the past, Russian President Vladimir Putin has pushed to obtain Crimea and additional land before removing soldiers from the frontlines. Rubio did not outline the conditions gathered by Witkoff during his Wednesday meeting with leaders in Moscow but underscored the importance of an agreement fair to both countries. 'I think for the first time, perhaps since this administration began, we have some concrete examples of the kinds of things that Russia would ask for in order to end the war. We haven't had much of that to this point,' Rubio said. 'Obviously, the Ukrainians have a say in this. We got to – we got to bring the two sides and the two positions close enough so that the ultimate closer, President Trump, can get involved and make it happen,' he added. Trump signaled that he could soon hold direct in-person talks with Putin and Ukrainian President Volodymyr Zelensky to achieve the administration's goal of ending the conflict.
Business Upturn
an hour ago
- Business Upturn
Indian markets likely to open in red, recover from steep early fall as Gift Nifty pares losses
Indian markets may stabilise despite tariff shock, as Trump envoy's Putin meet hints at diplomatic thaw. By Arunika Jain Published on August 7, 2025, 08:03 IST Last updated August 7, 2025, 08:04 IST Indian stock markets are likely to open with limited downside today, as the initial panic from a surprise US tariff announcement eased in early trade. Gift Nifty, which had opened nearly 90 points down, recovered to trade 38 points lower, before settling 63 points down at 7:57 AM IST. The partial rebound indicates a measured reaction from investors amid overnight geopolitical developments. The weakness was triggered by a White House order issued Tuesday evening, which imposed an additional 25% tariff on imports from India, effective August 27. The order cited India's continued direct or indirect import of Russian Federation oil as the reason, linking it to the ongoing national emergency declared over Russia's actions in Ukraine. However, the sharp drop was contained—possibly due to early diplomatic signals from former US President Donald Trump, who posted on social media that his Special Envoy, Steve Witkoff, held a 'highly productive' meeting with Russian President Vladimir Putin. Trump called it 'great progress,' and noted that European allies were briefed on the outcome, with consensus emerging that 'this war must come to a close.' While Trump's statements are unofficial and hold no current policy authority, the timing of the post—following the tariff order—offered markets a semblance of diplomatic hope, helping limit downside in Gift Nifty. Markets will now await clarity on India's response to the tariff move and any further geopolitical developments through the week. Disclaimer: This article is for informational purposes only. It is based solely on public and media inputs provided and does not constitute investment advice or a recommendation of any kind. Ahmedabad Plane Crash Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
CNBC
2 hours ago
- CNBC
CNBC Daily Open: Russian oil costs India big
India's set to face a 50% tariff after the White House announced an additional 25% levy on the South Asian country Wednesday over its purchases of Russian oil. That's now among the highest duties on any of the U.S.' trading partners. New Delhi responded swiftly in a statement Wednesday, describing the U.S.' decision to raise tariffs as "unfair, unjustified and unreasonable," and that the country's imports are based on market factors and to ensure energy security for its population. Earlier on Monday, India's Ministry of External Affairs called out what it says is selective enforcement in a statement, adding that "it is revealing that the very nations criticizing India are themselves indulging in trade with Russia." It cited data that showed the EU's trade was "significantly more" than India's total trade with Russia. And it seems that India isn't the only country on U.S. President Donald Trump's radar as he sets to punish countries that buy oil from Russia. His latest executive order also directs his administration to "determine whether any other country is directly or indirectly importing Russian Federation oil," and the actions, if any, that need to be taken on that country. — U.S to impose 50% tariff on India over Russian oil purchases. Trump announced in an executive order Wednesday that the new 25% duties will come into effect in 21 days, while the previously announced 25% rate will kick in Thursday. Semiconductor tariffs of 100%. Unless companies can manufacture in the U.S., Trump said Wednesday that he would impose that tariff rate on imports of semiconductors and chips into the country. U.S. stocks gain on Apple's investment. Markets gained Wednesday after Apple's shares climbed 5% on its increased U.S. manufacturing investment. The European Stoxx 600 was flat, while the Swiss Market Index fell 0.9% as Swiss officials met with their counterparts to continue tariff negotiations. Apple commits $100 billion to U.S. expansion. Apple CEO Tim Cook and President Donald Trump unveiled the manufacturing boost Wednesday. That's on top of the $500 billion that the iPhone maker announced in February, and brings its total U.S. investment to $600 billion over the next four years. [PRO] Chip stocks have been going through a rough ride this earnings season. Texas Instruments, ON Semiconductor, Qualcomm, and Arm posted earnings beats but were met with steep sell-offs as investors demand more than solid execution. Why India is in Trump's crosshairs when crude is not even sanctioned India was once encouraged to buy Russian crude by the United States. It is one of the biggest buyers of Russian oil, according to data from Kpler, which shows total Russian crude exports amount to around 3.35 million barrels per day, of which India takes about 1.7 million. Sara Vakhshouri, the founder and president of SVB Energy International, told CNBC the hefty duties announced by Trump are a "negotiation tactic," aimed at "reclaiming lost U.S. oil market share in India and oil export declines since 2022, and securing equivalent export of other commodity to India." —
