Data reveals the EU's significant role in Russia's fossil fuel revenues, surpassing India's contribution since the Ukraine conflict began. Despite Western.. IndiaTimes
India has doubled down on its decision to continue purchasing discounted Russian crude oil despite U.S. President Donald Trump's remarks suggesting New Delhi may halt such imports. Indian state-owned refiners reaffirmed that sourcing oil from Russia remains a strategic, price-driven choice essential for the country’s energy security, given its 85% crude import dependence. Officials emphasized that Russian oil is not under international sanctions and purchases comply with the G7/EU price cap mechanism, ensuring global markets remain liquid and prices stable. Sources argue that India's imports prevented oil prices from soaring above the March 2022 peak of $137 a barrel amid OPEC+ cuts. Meanwhile, reports of suspended purchases were dismissed, with officials highlighting the EU’s own high intake of Russian LNG. India insists its decisions are guided by national interest while contributing positively to global energy stability, even as Washington hints at possible penalties.
#IndiaOilImports #RussianOil #TrumpTariffs #EnergySecurity #GlobalOilPrices #RussianCrude #OilTradeTensions #IndiaEnergyPolicy #USIndiaRelations #BrentCrude #OPECPlusCuts #PriceCapMechanism #RussianLNG #OilMarketStability #IndiaDefiesTrump #OilSupplyCrisis #GlobalEnergyCrisis #IndianRefiners #USRussiaTensions #OilImportsNews
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Conservative leader Kemi Badenoch said: “We just heard that inflation is up again, the worst in the G7. We left him with 2% inflation. We have borrowing up, unemployment up, taxes are up (..) his budget last year had high taxes. That’s why the economy is contracting.” Sir Keir Starmer replied: “I think of the working people across this country who put in every day and don’t get back what they deserve, and that’s who we’re working for. That’s who we’re fixing the country (for).”
Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The geopolitical stage is set for a major confrontation as the BRICS alliance prepares for its 2025 summit in Brazil. The bloc, which will include ten member nations, is openly challenging the long-standing economic hegemony of the United States. With members like China, Russia, and Brazil leading the charge, BRICS now represents a formidable force, accounting for 45% of the global population and 35% of the world's GDP. The group's primary objective is to reduce its dependency on the U.S. dollar by promoting trade in local currencies and developing alternative financial systems.
The tension has escalated dramatically following a direct threat from former U.S. President Donald Trump. He warned that any nation aligning with BRICS' anti-dollar policies would face severe consequences, including a blanket 10% tariff with "no exceptions." This aggressive stance is a clear signal that the U.S. views the rise of BRICS as a direct threat to its ability to impose sanctions and control global financial networks like SWIFT.
In response to the mounting criticism and Trump's threats, China's Foreign Ministry spokesperson, Mao Ning, has publicly pushed back. While rejecting claims that BRICS is an "anti-American" coalition, she firmly stated that the mechanism is not targeted at any single country. However, she also reiterated China's long-standing opposition to "tariff wars and trade wars," sending a clear message to Washington. This high-stakes diplomatic battle between the established G7 powers and the rising BRICS alliance could reshape the future of the global economy.
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Trump Vs BRICS: In a move set to rattle global markets, former President Donald Trump has issued a severe warning to the BRICS nations and their allies. He threatens to impose a blanket 10% tariff on any country adopting what he terms "anti-American" policies backed by the bloc. This declaration comes after the 2025 BRICS Summit in Brazil, where the member nations, now numbering ten, issued a joint condemnation of recent US-Israel strikes on Iranian nuclear facilities, calling them "illegal."
The BRICS bloc, now representing 45% of the global population and 35% of the world's GDP, has become a significant geopolitical force. In their summit, they also criticized the West's "double standards" on global terror, specifically citing the Pahalgam attack in Kashmir as an example. This direct reference brings the conflict to India's doorstep. Trump claims the tariff letters for 12 countries are already "signed and ready," though sources suggest this could be a strategic bluff to test the bloc's unity.
This escalating tension is rooted in BRICS's core mission: to reduce dependence on the U.S. dollar. With their internal trade hitting $1 trillion in 2025 through local currency systems, the bloc, heavily influenced by China and Russia, is seen as a direct challenge to America's sanctions power and its dominance via institutions like the IMF and G7. For Trump, the bloc's growing anti-West stance and expanding economic influence represents a primary threat to American global leadership, setting the stage for a potential economic war.
#BRICS
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Crowds in Washington, D.C. erupted in anger as Trump’s federal agents faced relentless boos and chants of “Go home, fascists!” during a tense confrontation with protesters. The scene unfolded amid mounting anti-Trump demonstrations, with thousands flooding the streets to denounce the administration’s actions. Witnesses described a charged atmosphere as activists shouted down the agents, forcing them to retreat under heavy police protection.
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Ukrainian president Volodymyr Zelenskyy is greeted with a hug by Prime Minister Sir Keir Starmer as he arrives for a meeting at 10 Downing Street ahead of peace talks between presidents Trump and Putin in Alaska on Friday. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Trump has pledged to deploy the U.S. military to “liberate” what he called a “filthy” Washington, D.C., alleging the city’s murdr rate is worse than in Islamabad or war-torn Iraq. The vow comes amid escalating tensions over crime, governance, and his push for a federal crackdown, fueling political controversy ahead of upcoming high-stakes events.
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Trump-Putin talks: Is Russia really contesting US sovereignty over Alaska?
As the Russian and US presidents prepare to meet in the Alaskan capital, speculation that Vladimir Putin rejects the legitimacy of Russia’s 1867 sale of Alaska to the US has resurfaced online.
READ MORE : http://www.euronews.com/2025/08/14/trump-putin-talks-is-russia-really-contesting-us-sovereignty-over-alaska
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Credit: euronews (in English) Duration: 01:56Published
The United States has temporarily lifted certain sanctions on Russian transactions to facilitate historic peace talks in Alaska between President Donald Trump and Russian President Vladimir Putin on Aug. 15. The move, authorized by the U.S. Treasury’s Office of Foreign Assets Control, allows specific transactions otherwise banned under Russia-related sanctions—strictly for organizing the summit.
Ukrainian President Volodymyr Zelensky may join follow-up discussions, with Trump expected to push Putin toward a Ukraine ceasefire. Reports suggest Trump will offer an economic package including access to Alaska’s natural resources, easing aviation sanctions, and rare earth mineral rights in occupied Ukrainian territories. The temporary authorization expires Aug. 20, with the White House calling the meeting a “listening exercise” and a potential breakthrough.
#Trump #Putin #AlaskaSummit #Russia #Ukraine #Ceasefire #PeaceTalks #Sanctions #Diplomacy #BreakingNews #USPolitics #Moscow #Anchorage #WorldNews #InternationalRelations #WhiteHouse #Geopolitics #ForeignPolicy #Zelensky #WarInUkraine
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