India oil imports
Taiwan Becomes World's Largest Russian Naphtha Importer Despite Ukraine Alliance and US Ties
Oct 01, 2025 06:01 pm CST
Taiwan has emerged as the world's biggest importer of Russian naphtha, a crucial petroleum derivative for semiconductor manufacturing, importing $1.3 billion worth in early 2025 despite declaring itself a Ukraine ally. This comes as the US imposes tariffs on India, the second-largest importer of Russian petroleum products, raising questions about Taiwan's strategic relationships with both Russia and the United States.
No Sanctions Exist on Russian Crude Oil Purchases: Indian Petroleum Minister Explains Global Energy Supply Dynamics
Sep 26, 2025 08:19 pm CST
Indian Petroleum Minister Hardeep Singh Puri clarifies that no international sanctions prohibit Russian crude oil purchases while warning about serious global consequences if supplies from the world's second-largest producer were disrupted. The statement comes amid US-India trade tensions including new punitive duties on India's Russian energy imports, as Puri emphasizes the importance of maintaining global energy supply equilibrium.