The same US Treasury Secretary Scott Bessent who accused India of profiteering from Russia-Ukraine war, was seen gloating over US’s strategy of selling weapons to Europe intended for Ukraine with a 10% markup.
"We are contributing about 18%, which is more than the US where the contribution is expected to be much less – about 11% or something. We are doing very well and we will continue to improve further," the RBI governor said.
Even as the EU keeps buying Russian gas, it has now targeted Indian refineries and flagged ships carrying Russian oil. India has hit back, calling out the West’s double standards and asserting its right to secure energy for 140 crore people.
In the 18th package of the sanctions announced today, the EU targets Russian oil exports, including refining of Russian oil in other countries. This includes “the biggest Rosneft refinery in India,” and the Indian flag registry.
While Europe sanctions Russian crude, it imports refined fuel via India, whose strategic autonomy is labelled duplicity by Britain. Meanwhile, London shelters economic offenders wanted in India, citing human rights to delay justice.
From the era of the Tsars to Putin’s Russia, Sevastopol has been seen as a lifeline to the world’s oceans. It is Russia’s only warm-water naval port, which it can use year-round, unlike the ice-prone harbours of the North and East.
Trump's grandstanding has followed the same pattern as Chinese air defences during Operation Sindoor: loudly advertised, spectacularly ineffective, and ultimately blind to reality.
Both Russia and Ukraine are connecting several of their first-person view (FPV) drones to their commanders via fiber optic cables rather than using radio waves around the battlefield.