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Indian Refiners Settle Iranian Oil Payments in Yuan via ICICI Amid U.S. Waiver Window

By Uniquetimesorg April 20, 2026 0

Indian refiners have begun settling payments for rare imports of Iranian crude oil in Chinese yuan through ICICI Bank, leveraging a temporary U.S. sanctions waiver that briefly allowed such transactions. The move follows Washington’s 30-day exemption on sanctions for Russian and Iranian oil purchases at sea, introduced to stabilize global energy prices amid tensions linked Continue Reading

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India Launches Maritime Insurance Pool, Raises Allowances

By Uniquetimesorg April 18, 2026 0

India has approved a ₹129.8 billion ($1.4 billion) guarantee to establish a domestic maritime insurance pool aimed at safeguarding trade amid global uncertainties. The move comes as wars and sanctions have led major reinsurers to withdraw or limit coverage, creating risks for shipping and trade continuity. The pool, which will operate for 10 years with […]Continue Reading

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Reliance Halts Russian Crude, India’s January Imports Set to Slide

By Uniquetimesorg January 6, 2026 0

India’s Russian oil imports are expected to fall sharply in January after Reliance Industries, the country’s largest buyer of Russian crude, said it does not expect any deliveries during the month. Reliance, which operates the world’s biggest refining complex at Jamnagar, confirmed it has not received Russian oil for nearly three weeks, contradicting reports that […]Continue Reading

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Russia Praises India’s Understanding Amid Strained Ties with Europe

By Uniquetimesorg December 3, 2025 0

Russia has praised India for maintaining open dialogue and understanding at a time when Moscow says communication with European nations has completely broken down. Kremlin spokesperson Dmitry Peskov highlighted that Prime Minister Narendra Modi and Indian officials actively listen to Russia’s viewpoints, enabling meaningful discussions—something Peskov says is impossible Continue Reading