Economy

India keeps buying Russian oil despite US sanctions, ex-ambassador tells RT

New Delhi never stopped buying Russian crude despite US sanctions, Indian ex-ambassador to Colombia, Venezuela and Cuba has told RT, as Indian imports soar

US has earned $27 billion on Intel stake as stock jumps after stronger-than-expected first-quarter results

US government records nearly $27 billion gain on Intel investment as chipmaker beats expectations, sending shares sharply higher

IN BRIEF: Central Bank highlights on key rate policy and inflation

Inflationary risks have increased significantly in the Russian economy

Bank of Russia cuts key rate for third consecutive time since start of year

The regulator noted that it would assess the need for further key rate cuts at its upcoming meetings

Bank of Russia cuts key rate to 14.5% per annum: what is known about decision

Meanwhile, measures of underlying price growth have not yet decreased and remain in the range of 4-5% in annualized terms, as estimated by the Bank of Russia

Slovak PM sees resumption of Druzhba oil supplies as more important than Kiev funding

Robert Fico said the Slovak government did not approve the loan and is not taking part in it

Bank of Russia board to decide on key rate on April 24

At its previous meeting in March, the Bank of Russia cut the key rate for the second time in a row since the beginning of the year by 0.5 percentage points to 15% per annum

Second Open Dialogue ‘The Future of the World. A New Platform for Global Growth’ to be held at National Centre RUSSIA

Moscow will host a global forum on growth, technology, demography and trade with delegates from 40+ countries

US renews Russian oil sanctions waiver and reneges on Bessent’s pledge

The US Treasury has extended its sanctions waiver on Russian oil to mitigate the price shock from the Iran war

Italian deputy PM calls for return to Russian energy imports

Italian Deputy Prime Minister Matteo Salvini has called for the EU to resume Russian gas imports amid an energy crisis

Iran defends Strait of Hormuz shipping limits as US tensions escalate

Iran defends renewed limits on Strait of Hormuz shipping, citing US hostility as tensions rise and global oil markets face renewed volatility

US extends suspension of sanctions, affects over 100 mln barrels of Russian oil

The official added that "more and more countries," including the US, are recognizing the systemic importance of Russian oil and gas for the global economy