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First Post
22 minutes ago
- First Post
Russia & Ukraine exchange drone attacks ahead of Trump-Putin Alaska Summit
Ahead of US President Donald Trump and Russian leader Vladimir Putin's meeting in Alaska, Russia and Ukraine exchanged lethal strikes, reflecting that the Russia-Ukraine war is still raging on. Ahead of US President Donald Trump and Russian leader Vladimir Putin's meeting in Alaska, Russia and Ukraine exchanged lethal strikes, reflecting that the Russia-Ukraine war is still raging on. Russian authorities said on Thursday that fallen debris from Ukrainian drones caused a fire at an oil refinery in Volgograd. 'Firefighters quickly began extinguishing the fire. According to preliminary data, there were no casualties,' Andrey Bocharov said on Telegram. The refinery belonged to Lukoil, which has yet to respond to the matter. STORY CONTINUES BELOW THIS AD The news of the damage came shortly after Russia's defence ministry said air defence systems had intercepted and destroyed 44 Ukrainian drones overnight, including nine over the Volgograd region. Ukraine's missile plants take hits in July Meanwhile, Russia's defence ministry said on Thursday that its forces struck several Ukrainian missile plants, weapons design bureaus and rocket fuel production enterprises with missiles and drones last month. The Russian forces destroyed several Western missile defence systems - including Patriot launchers and fire control radar in the Dnipropetrovsk and Sumy regions - that had been deployed to defend the plants, the ministry said. 'An attempt by the Kyiv regime, together with its Western partners, to organise the production of missiles to carry out attacks deep into the territory of the Russian Federation was thwarted,' the ministry said. The reports of these strikes are coming at a time when Trump will be meeting Russian President Vladimir Putin in Alaska to discuss the ongoing war in Ukraine. While Trump assured that he would bring the conflict to an end, Ukrainians and many European leaders raised concerns over the exclusion of Ukrainian President Volodymyr Zelenskyy from the talks. Hence, it remains unclear if the Alaska summit would be fruitful or not. With inputs from Reuters.


News18
22 minutes ago
- News18
Trump ‘To Give Money-Making Chance' To Putin For Ukraine Truce As Russia ‘Readies Nuke That Can…'
Trump 'To Give Money-Making Chance' To Putin For Ukraine Truce As Russia 'Readies Nuke That Can…'|4K Last Updated: Crux Videos Russia appears to be preparing to test its new nuclear-armed, nuclear-powered cruise missile, as per two US researchers and a Western security source cited by ReutersThe researchers and the security analyst reached this assessment by studying imagery reportedly taken in recent weeks until Aug. 12 by satellite firm, Planet LabsMeanwhile, Trump is preparing to offer Putin access to rare earth minerals to incentivise him to end the war in Ukraine, The Telegraph reported on Aug. 13The US president will reportedly arrive at the Alaska meeting with his Russian counterpart armed with a number of money-making opportunities for Putin 0:00 INTRO3:33 TRUMP TO LURE PUTIN TO UKRIANE TRUCE WITH SECRET DEAL?4:41 NOT NATO, US TO PROTECT POST-WAR UKRAINE?5:33 GERMANY PLEDGES NEW MILITARY AID TO UKRAINEn18oc_world n18oc_crux


Time of India
24 minutes ago
- Time of India
India scours the globe for more oil ahead of Trump-Putin summit
Refiners in India, the world's top importer of seaborne Russian crude, are scouring the globe for alternative supplies, hedging their bets ahead of a summit between the US and Russian leaders. Independence Day 2025 Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji gave India its own currency Swadeshi 2.0: India is no longer just a market, it's a maker President Donald Trump, eager to gain traction in talks with Vladimir Putin, has demanded that India stop purchases of cut-price crude that fuels the Kremlin's 'the war machine,' and last week doubled tariffs on the country's goods as punishment. The move left refiners in the world's third-largest oil consumer looking to switch up their procurement plans. India's state processors have bought large volumes of non-Russian crude this week for prompt September-October delivery, extending a buying spree spurred by an early threat by Washington. Indian Oil Corp . and Bharat Petroleum Corp . have taken cargoes from all corners of the market including the US, but also Brazil and the Middle East. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo These spot market purchases comes on top of supplies from long-term sellers like Saudi Arabia, which is set to send about 22.5 million barrels of crude to India for September loading, traders said. India's monthly imports from Saudi last exceeded that level in September 2024, according to data from analytics firm Kpler. The meeting between Trump and Putin in Alaska on Friday will be closely watched by the industry, eager for clues as to whether the US will ease pressure on Russian sales — or crank it up. India has long had close ties to Russia and Foreign Affairs Minister S. Jaishankar will be traveling to Moscow next week with a delegation that's likely to include Petroleum Secretary Pankaj Jain, the most senior bureaucrat in the oil ministry. Live Events Jaishankar will hold talks with his Russian counterpart Sergei Lavrov on Aug. 21, according to a post on X by Russia's Ministry of Foreign Affairs on Wednesday. — mfa_russia (@mfa_russia) Historically, India has not been a significant importer of Russian crude, depending more heavily on the Middle East. All that changed in 2022, after the invasion of Ukraine and a $60-per-barrel price cap imposed by the Group of Seven nations that aimed to limit the Kremlin's oil revenues while keeping supplies flowing globally. India's imports amounted to about 1.7 million barrels a day, or nearly 37% of the nation's overseas purchases, in mid-2025. They were mostly of Urals crude, a medium-density grade that can be interchanged with barrels from across the Middle East. While the total volume that India would need to find as replacement is significant, the task has been made less challenging in a market awash with oil after the return of OPEC+ barrels and softer demand from major economies such as China. For now, Indian private refiners such as Reliance Industries Ltd. and Nayara Energy are still expected to continue buying Russian crude, some of which is procured via term contracts, even as state refiners hold back on spot purchases for loading in October. Russian producers have already started to tout Urals more aggressively to Chinese buyers in response to the potential shift. Prices have been cut for offers of Urals for delivery in September to October, suggesting some of the oil was diverted from Indian buyers. Indian importers who still want to take Russian crude are being met with hesitation from banking and logistics partners worried about the prospect of Trump's threat of so-called secondary sanctions on those supporting the trade. In light of such reservations, traders said some private players may increasingly look at buying more Russian crude using smaller banks, Chinese yuan and dark-fleet tankers. Trump has warned he would impose 'very severe consequences' if Putin doesn't agree to a deal later this week, a threat that the oil market will struggle to fully quantify and prepare for. Oil-market observers have said that the Chinese may be wary of piling in on Russian crude — taking supplies that it doesn't desperately need due to ample flows from Iran — to avoid Washington's wrath.