The days of cheap Russian oil have evaporated, according to Indian sources, who say Rosneft has failed to sign new oil deals with Indian refiners, as sales have been done with other customers.
Russian news agency Sputnik said the move was designed to bolster cooperation among Shanghai Cooperation Organisation nations ``as a bulwark against US sanctions.''
Moscow has become increasingly frustrated by its requests for aid falling on deaf ears as Beijing has been cautious not to break US-led curbs
GAIL has a long-term import deal with a unit of the Russian energy giant to buy an average 2.5 million tonnes of liquefied natural gas (LNG) per year
Chinese companies implicated in a Russian-backed oil smuggling and money laundering network to buy Iranian oil will be subject to US sanctions.
The pillars of the new law include protecting sensitive technology, strengthening supply chains for semiconductors and encouraging new tech such as artificial intelligence
Head of Russia's foreign ministry's first Asia department tells news agency Interfax Russia-China trade target could be hit even sooner.
Drone maker says it is reassessing compliance requirements, so it will temporarily suspend all business activities in Russia and Ukraine
Analysts say they have yet to see a major indication China is violating Western sanctions on Russia. Overall trade with Russia rose to $38.2bn in January-March, a Chinese customs spokesman said
The decision was taken because of fear of secondary sanctions from the US after Russia’s invasion of Ukraine, Forbes Russia said, citing Russian media.
Russia is turning to microchip manufacturers in China to circumvent western sanctions which have boosted demand for bank cards linked to Mir payment system, a payment card executive said.