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Indian imports of Russian coal fall, US shipments rise
Money Control
·
1y ago
Medial
Indian imports of Russian coal have decreased while imports from the US have increased in the three months leading up to May, according to data from coal consultancy Bigmint. The drop in Indian imports of Russian coal is mainly attributed to Russian supplies becoming less competitive. Thermal coal shipments from Russia saw a 67% decline, while purchases of steelmaking grades increased. The decline in Russian coal imports by India follows fresh western sanctions on Russia due to the war in Ukraine. However, buyers stated that the main issue affecting Russian coal was the drop in global prices rather than the sanctions.
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Related News
Lured by discounts, Indian steelmakers lap up Russian coking coal | Mint
Livemint
·
11m ago
Medial
India's imports of coking coal from Russia have increased by 53% year-on-year between January and August, making Russia the third-largest supplier of the fuel to India. The lower cost of Russian coal, available at a discount of 15-20% compared to other sources, has attracted buyers like JSW Steel and Steel Authority of India Ltd (Sail) in an effort to reduce costs. However, the poor quality of Russian coal compared to Australian supplies and geopolitical sensitivities may limit further expansion of Russian imports. Australia remains the largest supplier of coking coal to India, accounting for over half of the total imports.
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India’s trade gap narrows to $20.7 billion as cheaper oil, sluggish gold imports ease June deficit
Economic Times
·
26d ago
Medial
India's merchandise trade deficit narrowed to $20.7 billion in June 2025, down from $21.9 billion in May, due to declining crude prices, decreased gold imports, and a diversified sourcing strategy. Russian and US oil imports rose, while traditional suppliers decreased. India's petroleum product exports dropped by nearly 10%. Gold imports decreased due to soaring prices, while coal imports remained stable. Trade measures included anti-dumping duties and import restrictions. Future trade deficits depend on global commodity price trends.
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Indian fuel exports escape Trump's tariff net, no Russian penalty yet
Economic Times
·
7d ago
Medial
India's exports of petroleum products to the US remain exempt from Trump's proposed tariffs, maintaining a favorable trade position despite his concern over India's energy ties with Russia. The US administration hasn't indicated any penalty for India's Russian crude imports. Indian fuel exports, valued at over USD 4 billion in the 2024-25 fiscal year, remain unaffected. India's reliance on Russian oil has increased since the Ukraine conflict, supplying 35-40% of its crude imports.
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India tops US smartphone supply in June quarter as Apple shifts from China
Economic Times
·
11d ago
Medial
India became the top supplier of smartphones to the US in the June quarter, driven by Apple's shift from China due to trade uncertainties. According to Canalys, the share of US smartphone shipments assembled in China decreased, while India's shipments to the US surged by 240%, now accounting for 44% of imports. Apple's supply chain shift is part of a China Plus One strategy, leveraging Indian manufacturing for the US market.
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India accuses EU, US of double standard over Russian trade
Economic Times
·
3d ago
Medial
India has criticized the US and EU for urging it to cease Russian oil purchases while they continue trade with Russia. Prime Minister Modi's BJP and opposition Congress united against US tariffs on Indian goods over this issue. India highlighted extensive EU-Russia trade and US imports of Russian resources like uranium and palladium. Experts predict a 30% drop in India's exports to the US, and India's Foreign Ministry called the criticism unjustified and hypocritical.
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India's Russian oil imports up slightly in January-June, data shows
Economic Times
·
23d ago
Medial
India's imports of Russian oil slightly increased in the first half of the year, with private refiners Reliance Industries Ltd and Nayara Energy being the main buyers. India imported approximately 1.75 million barrels per day from Russia, a 1% rise from last year. Russia accounted for about 35% of India's oil imports, maintaining its position as India's top supplier. This increase occurred amid continued discounted oil sales following Western sanctions on Russian oil.
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Reliance Industries to evaluate impact of EU sanctions on Russian oil trade
Economic Times
·
19d ago
Medial
Reliance Industries Ltd (RIL) is evaluating the impact of new EU sanctions on Russian oil and petroleum products, affecting Indian exports. These sanctions target petroleum products refined from Russian crude, impacting Indian refiners like RIL. India's crude imports from Russia total $50.3 billion. RIL is assessing the sanction definitions and potential impacts on exports to the EU, emphasizing diversification through markets in the US, Africa, Singapore, and the Middle East.
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Taiwan expands Russian sanctions to stop tech being used for arms
Economic Times
·
1y ago
Medial
Taiwan has expanded its Russian sanctions to prevent technology from being used for arms. This move comes as part of Taiwan's ongoing efforts to counter Chinese military influence. By imposing restrictions on Russian technology imports, Taiwan aims to ensure that cutting-edge technology does not fall into the wrong hands and is not used to strengthen China's military capabilities. The expansion of sanctions reflects Taiwan's commitment to safeguard its security amidst growing geopolitical tensions in the region.
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Chinese techies return not to impact iPhone 17 production, Apple's ramp-up plan intact: Sources - The Economic Times
Economic Times
·
1m ago
Medial
The return of Chinese professionals from Apple's Indian vendor Foxconn is not expected to impact iPhone 17 production, as Apple remains on track to expand production in India. Supported by easing capital goods imports and capacity expansion through Foxconn and Tata, Apple aims to significantly increase iPhone production. Indian-made iPhones now dominate US shipments, with plans to further ramp up production to meet demand. Apple's Indian manufacturing ecosystem is a significant job creator.
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Coal Import Drop of 9.2 % in Apr-Feb Helps Save Rs 53,138 Crore in Foreign Exchange
OutlookIndia
·
2m ago
Medial
India's coal imports decreased by 9.2% in the April-February period of 2024-25 to 220.3 million tonnes, saving approximately Rs 53,138 crore in foreign exchange. The non-regulated sector experienced a sharper decline, with coal-based power generation increasing slightly by 2.87% while imports for thermal power plant blending dropped by 38.8%. This development underscores India's efforts to boost domestic coal production, reduce import reliance, and achieve self-sufficiency in coal production.
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