RUSSIA SHIPS
View: Modi's visit shows our relations with Russia not legacy holdout
During PM Modi’s post-2024 elections visit to Moscow, he held a five-hour meeting with President Putin. He received Russia’s top civilian honor. Key topics included the 2019 maritime corridor, defense, energy projects, new consulates, and US sanctions. Modi stressed peace on Ukraine, India’s geopolitical stance, strategic comfort, private sector roles, and countering Chinese dominance.
NATO discusses reclaiming Chinese-owned infrastructure amid Russia conflict concerns
NATO officials are considering reclaiming Chinese-owned infrastructure in Europe if conflicts with Russia escalate. Initially welcomed post-financial crisis, these investments are now seen as potential threats due to Beijing's support for Russia in the Ukraine war. The US is leading discussions to preemptively manage these assets. This reflects NATO's growing focus on China, as highlighted in a recent summit declaration. The strategy also includes addressing high-tech sectors, with some advocating for the EU to handle economic aspects.
Japan warns on China, North Korea in defence white paper
Japan's defence ministry has emphasized the importance of countering regional threats, including China's military clout and North Korea's nuclear-armed status. The ministry's annual white paper outlined its stance on issues such as Taiwan tensions and the intensifying rivalry between China and the US. The ministry highlighted that China's military ambitions are the greatest strategic challenge to Japan and the world.
A sneak peek into the 'Ghost Rider' of the US Air Force; What is it doing in South Korea?
The AC-130 J aircraft which is popularly known as the Ghost Rider has been deployed by the US Air Force recently in South Korea. This deployment as part of the joint exercises assumes importance due to the growing tensions between the two Koreas.
Modi visit opens opportunities for India in Russian Arctic endowed with rare earth, crude
At their meetings, Modi and Russian President Vladimir Putin discussed optimum use of the Northern Sea Route (NSR) via the Arctic and possible use of nuclear-powered icebreakers of Rosatom in that terrain, ET has learnt.
India, Russia set trade target of $100 billion by 2030
India and Russia have agreed to increase bilateral trade to over USD 100 billion by 2030. This decision was made during the 22nd Annual Bilateral Summit between Russian President Vladimir Putin and Prime Minister Narendra Modi in Moscow. The joint statement following the summit emphasized reinvigorating investments, using national currencies for trade, and boosting cooperation in sectors such as energy, agriculture, and infrastructure.
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Don't slip up on oil payment imbalance
To address the trade imbalance from India's Ural crude purchases, they consider local currency, yuan, and cross-border investments. Western sanctions, tighter ties with Moscow, and Beijing's concerns complicate matters. Europe reducing Russian gas imports offers India leverage for overland trade via Iran and maritime routes through Chinese ports, advancing its strategic interests.
India poised to secure long-term uranium supply from Russia
Russia and India are likely to agree on a long-term uranium supply pact for a nuclear power plant coming online in Tamil Nadu, said senior officials with knowledge of the matter.
India-Russia JV delivers 35,000AK-203 rifles in first phase
Indo-Russian Rifles in Amethi delivered 35,000 AK-203 rifles to the Indian Army. The Korwa Ordnance Factory began production after its 2019 inauguration and a ₹5,124 crore technology transfer. It will supply paramilitary, police forces, and enable exports to friendly nations, complying with Make in India and Atmanirbhar Bharat policies.
Budget 2024: How Sitharaman can steer the trade ship amidst two wars and Red Sea crisis to achieve $2 tn export goal
In the upcoming budget, key priorities for the export sector include boosting e-commerce exports through streamlined policies and infrastructure enhancements. Additionally, there is a push for Production Linked Incentive (PLI) schemes aimed at revitalising sectors such as toys and leather goods, fostering competitiveness and export growth.
Ukraine navy chief says Russia is losing Crimean hub in Black Sea
The Ukrainian navy chief reported significant setbacks for the Russian navy's Black Sea Fleet, as combat-ready warships have been relocated from Crimea due to extensive damage inflicted by Ukrainian missile strikes and naval drone attacks. The Sevastopol base, crucial for logistics, repairs, and ammunition storage, has been particularly affected. Despite ongoing military challenges elsewhere, Ukraine has successfully targeted Russian vessels and facilities, including using unmanned boats packed with explosives.
After a stop in Cuba, 2 Russian ships dock in Venezuelan port as part of 'show the flag' exercises
Two Russian naval ships, the frigate Admiral Gorshkov and the oil tanker Akademik Pashin, have docked in Venezuela's La Guaira port after conducting exercises in the Atlantic Ocean and a previous stop in Cuba. The visit, part of Russia's efforts to assert its naval presence in remote oceanic regions, underscores the strong ties between Moscow and Venezuelan President Nicolas Maduro's government. This move follows a pattern of close relations established by Maduro's predecessor, Hugo Chavez, and comes ahead of upcoming elections in Venezuela. The presence of Russian vessels has drawn attention amidst ongoing global geopolitical tensions.
Are North Korean soldiers being sent to Ukraine to fight Russia’s war?
It has been reported that North Korean soldiers are being sent to Ukraine to assist the Russian forces. This is part of a recently concluded agreement between Russia and North Korea during Russian President Vladimir Putin’s visit to the hermit kingdom. The two countries are closely cooperating on matters of defense.
UN Security Council demands Iran-backed Yemen rebels halt their attacks on ships in Mideast waters
The U.N. Security Council approved a resolution demanding Yemen's Houthi rebels halt attacks on ships and address maritime security disruptions in a critical Middle East waterway. The resolution, approved 12-0 with Russia, China, and Algeria abstaining, did not mention the Houthis' claim that their attacks are related to the Israel-Hamas war. The resolution condemns the Houthis' attacks and calls for addressing regional conflicts.
Russia exports major consignment via INSTC ahead of PM Modi’s Moscow trip
The consignment will reach Mumbai port via Bandar Abbas port in Iran, ET has learnt. “For the first time, two trains with Kuzbass coal headed to India along the International North-South Transport Corridor. The trains set off from the Kemerovo region. They followed along the eastern branch of the INSTC through Kazakhstan and Turkmenistan to the Iranian port of Bandar Abbas,” Russian Railways said on Monday in a statement.
EU sanctions target Russian gas for the first time, diplomats say
The European Union has agreed on a new sanctions package against Russia, marking its first restrictions on Russian gas since the war in Ukraine began. This 14th package bans the re-export of Russian liquefied natural gas (LNG) within EU waters, although imports continue. While intended to curb Russia's revenue and access to technologies, experts suggest limited impact on overall Russian LNG exports.
How are the US and Canada dealing with the movement of Russian naval ships around Cuba?
The Russian ships which are participating in the joint naval exercises with Cuba are being closely monitored by the US and Canada. The two countries have counter-deployed submarines and other naval assets close to the Havana Bay.
Social media abuzz with ‘Russian threat’ as Florida residents track movement of naval ships close to the US coast
As four Russian naval ships made their way to Cuba to participate in the joint naval exercises, residents of Florida tracked the movement of these ships. Many on social media were seen panicking while others dismissed it as a regular movement of naval ships in the region.
Russia boosts oil revenues as shipping and trading network grows
Russian oil exporters are selling oil to India at higher prices than at any time since the start of the Ukraine war, as more shippers and traders participate in the trade, weakening the impact of Western sanctions. The exporters have had to offer deep discounts to encourage shipping companies to move their crude since the invasion of Ukraine. Despite this, deals struck this month for Urals oil delivery to Indian refiners are at discounts of $3 to $3.50 per barrel to the global Brent crude benchmark, the narrowest since 2023.
Yemen's Houthi rebels launch boat-borne bomb attack against Greek-owned ship in Red Sea
Yemen's Houthi rebels launched a boat-borne bomb attack in the Red Sea targeting a commercial ship near the USS Laboon, amid a US-led campaign to safeguard the waterway.
Golden era for shipping seen ahead as geopolitics boosts pricing
Shipping industry in Athens anticipates higher earnings amidst geopolitical conflicts and supply uncertainties.
Container shortage is shipping’s Achilles’ heel
An initial surge in freight prices — prompted by ships taking the much longer route around the Cape of Good Hope — petered out in March, yet prices have now surged even higher.
Indian seafarers remain most abandoned at sea for another year
For two consecutive years, Indian seafarers have faced the highest rates of abandonment, with 411 individuals already left stranded on ships within the initial six months of the current year. According to a report from TOI, a total of 116 vessels and 1,672 seafarers have been abandoned so far in this year.
US imposes sanctions on over a dozen companies, three from India for trade and ties with Iran
The United States imposes sanctions on companies, individuals, and vessels, including three from India, for aiding Iranian military's illicit UAV transfers. Sahara Thunder, linked to Iran's military, utilizes India-based companies like Zen Shipping and Port India Private Limited for its operations. These sanctions target entities involved in facilitating clandestine sales of Iranian UAVs to Russia for its war in Ukraine. The US Treasury emphasizes the need to counter Iran's destabilizing actions, coordinating efforts with allies to combat such financing activities.
China harbors ship tied to North Korea-Russia arms transfers, satellite images show
Britain's Royal United Services Institute (RUSI) think tank said the Russian vessel Angara, which since August 2023 has moved to Russian ports thousands of containers believed to contain North Korean munitions, has been anchored at a Chinese shipyard in eastern Zhejiang province since February.
US quietly shipped long-range ATACMS missiles to Ukraine
US sent long-range missiles to Ukraine for Russian conflict in $300 million aid package. White House adviser confirmed, mentioning ATACMS. Pentagon initially opposed due to readiness concerns.
Russia-made warships set to join India Navy, despite sanctions
The two frigates are part of a four-ship deal that the Indians signed with the Russians back in 2018. The other two ships are being built in India, in collaboration with Russia, but are also behind schedule due to war-related supply chain issues, the officials said.
Iran, Russia and China show off their ships in a joint naval drill in the Gulf of Oman
A report by Iranian state television quoted the drill's spokesperson, Adm. Mostafa Tajaddini, as saying the drill will take place in 17,000 square kilometers (6,600 square miles) of water. Tajaddini added that the three nations' drill - their fourth since 2019 - was also meant to improve trade, confront "piracy and terrorism, support to humanitarian activities and the exchange of information in the field of rescue," among other goals.
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