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Import of Russia oil hits 3-yr low in Dec

Business Standard

|

December 31, 2025

India’s intake of Russian crude oil slid to a three-year low in December, as refiners grew increasingly cautious amid tightening western sanctions on Moscow’s petroleum sector.

- SHUBHANGI MATHUR

Even so, Russia remained India’s largest oil supplier by a wide margin compared with November. Crude oil imports from Russia fell by about 38 per cent in December from the previous month to 1.14 million barrels a day, according to data from maritime intelligence firm Kpler. India had imported 1.83 million bpd of Russian crude in November.

FLERE HISTORIER FRA Business Standard

Business Standard

Beef import quota breach: China to impose 55% tariff

China will set quotas for beef imports from top suppliers including Brazil and Argentina, and impose tariffs if they are exceeded, in a bid to support the country’s domestic industry.

time to read

1 min

January 01, 2026

Business Standard

RBI red-flags bank-NBFC interlink risks

Banks acquiring 80% assets through a limited number of NBFCs

time to read

2 mins

January 01, 2026

Business Standard

Northern borders 'stable yet sensitive': Defence ministry

The situation along India’s northern borders “remains stable yet sensitive”, the Ministry of Defence said in a media statement on Wednesday.

time to read

1 min

January 01, 2026

Business Standard

Climate analysts mull over El Nino graph in 2026

Year-wise monsoon performance

time to read

2 mins

January 01, 2026

Business Standard

Indian pharma sees sharp drop in adverse USFDA findings

The US Food and Drug Administration (USFDA) recorded a significant decline in serious regulatory findings at Indian drug manufacturing facilities between January and December 2025.

time to read

2 mins

January 01, 2026

Business Standard

Growing reliance on external funding increases NBFCs' susceptibility to exchange-rate volatility

The Reserve Bank of India (RBI) has cautioned that increasing reliance of non-banking financial companies (NBFC) on external funding has made them susceptible to greater exchange rate volatility.

time to read

1 mins

January 01, 2026

Business Standard

2026 to bring data, policy, tax changes

The year 2026 will bring in various new reforms, deadlines, policy and taxation changes ranging from the revision of base year for calculating GDP, IP to European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM) coming into force and the new labour codes, tax reforms getting fully operational.

time to read

2 mins

January 01, 2026

Business Standard

Bangladesh in flux

Begum Zia’s death ends old political dualities

time to read

2 mins

January 01, 2026

Business Standard

China's reunification with Taiwan 'unstoppable': Xi

Says country's GDP growth rate expected to be 5% after an 'extraordinary' year

time to read

2 mins

January 01, 2026

Business Standard

Centre proposes stricter cough syrup sales rules

Unlicensed village pharmacists to face over-the-counter sale curbs

time to read

2 mins

January 01, 2026

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