India Averted $130 Oil Crisis by Buying Russian Crude, Says Minister Hardeep Singh Puri
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First Post
6 minutes ago
- First Post
Azerbaijan to sue Russia over plane downing, demands justice and accountability
The crash, which occurred on 25 December 2023 as the AZAL flight travelled from Baku to Grozny, killed all 38 people on board. Three days later, Aliyev publicly stated, 'we can say with complete clarity that the plane was shot down by Russia' read more Thirty-eight people died when the Azerbaijan Airlines plane crashed on 25 December in Kazakhstan. Western experts said the jet was probably shot at from Russia. Reuters File Azerbaijan is preparing to file lawsuits against Russia in international courts over the downing of Azerbaijan Airlines Flight 8243 near the Kazakh city of Aktau in December last year, President Ilham Aliyev said on Saturday, accusing Moscow of stalling the investigation and failing to respond meaningfully to Baku's demands. The crash, which occurred on 25 December 2023 as the AZAL flight travelled from Baku to Grozny, killed all 38 people on board. Three days later, Aliyev publicly stated, 'we can say with complete clarity that the plane was shot down by Russia (…) We are not saying that it was done intentionally, but it was done.' STORY CONTINUES BELOW THIS AD Seven months on, no answers Aliyev said that despite the 'clear as day' circumstances of the incident, Azerbaijan has received no substantial reply from Russia. He noted that Baku's prosecutor general had contacted the head of Russia's Investigative Committee, only to be told that 'the investigation is ongoing.' Calling this position counterproductive, Aliyev said Azerbaijan had informed Russia of its plans to prepare a legal dossier for international proceedings. Drawing a comparison with the protracted probe into Malaysia Airlines Flight MH370, he said, 'We are ready to wait ten years, but justice must win.' 'The situation, which is currently in limbo, does not contribute to the development of bilateral relations between Russia and Azerbaijan,' Aliyev warned, according to a report by Euronews. Baku demands admission, prosecution, and compensation The Azerbaijani leader reiterated that both Baku and Moscow had 'a clear understanding' of what happened to Flight 8243, and questioned why Russia had not responded 'as any neighbour would do in a similar situation.' Aliyev laid out four demands: a guilty plea from Russia, prosecution of those responsible for firing the missile, compensation to the victims' families, and damages to be paid to the national carrier AZAL. On 4 February, a preliminary Azerbaijani government report confirmed that a Russian Pantsir-S air defence system shot down the aircraft. According to Azerbaijani officials speaking to Euronews shortly after the crash, a Russian surface-to-air missile was responsible for the incident.
New Indian Express
6 minutes ago
- New Indian Express
Russia open to peace with Ukriane but insists on achieving its goals, says Kremlin spokesman
The Kremlin has insisted that any peace deal should see Ukraine withdraw from the four regions that Russia illegally annexed in September 2022 but never fully captured. It also wants Ukraine to renounce its bid to join NATO and accept strict limits on its armed forces, demands Kyiv and its Western allies have rejected. President Donald Trump threatened Russia on July 14 with steep tariffs and announced a rejuvenated pipeline for American weapons to reach Ukraine, hardening his stance toward Moscow after months of frustration following unsuccessful negotiations aimed at ending the war. The direct Russia-Ukraine negotiations in Istanbul resulted in several rounds of prisoner exchanges, but little else. Trump said he would implement 'severe tariffs' unless a peace deal is reached within 50 days. He provided few details on how they would be implemented, but suggested they would target Russia's trading partners in an effort to isolate Moscow in the global economy. In addition, Trump said European allies would buy 'billions and billions' of dollars of U.S. military equipment to be transferred to Ukraine, replenishing the besieged country's supplies of weapons. Included in the plan are Patriot air defense systems, a top priority for Ukraine as it fends off Russian drones and missiles. Doubts were recently raised about Trump's commitment to supply Ukraine when the Pentagon paused shipments over concerns that U.S. stockpiles were running low.
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Business Standard
6 minutes ago
- Business Standard
EU curbs on Russian oil may hit India's $15 bn fuel exports: GTRI
The 18th package of sanctions by the 27-nation EU included a set of measures largely aimed at curbing the revenues of Russia's oil and energy sector Press Trust of India New Delhi India's petroleum product exports worth USD 15 billion to the European Union (EU) may be at risk as Brussels moves to restrict imports of Russian crude oil refined in third countries, economic think tank GTRI said. The 18th package of sanctions by the 27-nation EU included a set of measures largely aimed at curbing the revenues of Russia's oil and energy sector, such as an import ban on refined petroleum products made from Russian crude oil and coming from any third country. The Global Trade Research Initiative (GTRI) said that a central component of the package is a ban on the import of refined petroleum products made from Russian crude and exported via third countries, excluding only a select few allies like the US, UK, Canada, and Switzerland. This measure will hurt nations such as India, Turkey, and the UAE, which have been refining Russian crude and selling diesel, petrol, and jet fuel to Europe, it said. "India's USD 5 billion exports of petroleum products to the EU are at risk. The EU's new sanctions ban imports of refined petroleum made from Russian crude via third countries like India," GTRI Founder Ajay Srivastava said. India exported USD 19.2 billion worth of petroleum products to the EU in FY24, but this dropped by 27.1 per cent to USD 15 billion in 2024-25, according to the think tank. It added that India imported USD 50.3 billion of crude oil from Russia in FY2025, over a third of its total USD 143.1 billion crude bills. "Although India continues to engage in legitimate trade with Russia, the political optics of such transactions are shifting in Western capitals. As energy ties deepen, India will have to walk a fine line between economic pragmatism and geopolitical pressure," Srivastava said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
