"India's Efforts to Secure Affordable Russian Oil Amid Tightening Sanctions" India’s state-owned refiners are expediting payments for Russian crude oil to complete transactions before expanded US sanctions take effect. These refiners now settle payments within two days instead of the usual five, aiming to secure discounted Russian oil while navigating an increasingly restricted global trade environment. The urgency stems from Washington's announcement of stricter sanctions targeting Russia’s oil industry, which are set to take effect next month. Refiners are keen to ensure transactions are completed during the “wind-down” period allowed for pre-sanctioned cargoes. At least 4.4 million barrels of Russian oil are en route to Indian ports like Jamnagar, Chennai, Paradip, and Visakhapatnam. Among these shipments is the tanker Mercury , carrying over 1 million barrels of Russian Urals crude, expected to arrive in Paradip soon. This vessel loaded its cargo in mid-December ...
Farmers' Protest at Shambhu Border: 200 Days of Unwavering Resolve Background of the Protest Farmers across India have been in a persistent state of protest for various rights, and today marks a significant milestone in their ongoing struggle. The gathering at the Shambhu border on August 31, 2024, celebrates 200 days of protest, a symbol of their steadfast commitment to their cause. The protest, primarily led by groups like the Samyukt Kisan Morcha (SKM) and its offshoot, the Samyuk Kisan Morcha (Non-Political), continues to demand a legal guarantee for the Minimum Support Price (MSP) for all crops, among other pressing issues. The Journey So Far The journey began on February 13, 2024, when farmers were halted by authorities while marching towards Delhi. Undeterred, they set up camps at the Shambhu border and have been there ever since. Their demands include not just a legal guarantee for MSP but also various other reforms that they believe are crucial for their survival and prosp...