India eyes bigger stakes in Russian oilfields – media

New Delhi reportedly wants to preserve and expand its holdings in the Sakhalin-1 project India’s Oil and Natural Gas Corporation (ONGC) is deploying additional manpower to play a bigger role in operating the Sakhalin-1 oil field following ExxonMobil’s withdrawal, the Times of India reported on Friday. The company has a 20% stake in the energy…

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Eurozone inflation hits historic high

Consumer prices in the 19 countries that use the euro currency rose by an annual rate of 7.5% in March, according to data released on Friday by the European Union statistics agency. Spiking energy costs are the main factor driving inflation higher, Eurostat said.

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UK outlines hardline new approach to Russia

London says antipathy towards Moscow will underpin the ‘‘new approach to security in Europe” “The age of engagement with Russia is over,” UK Foreign Secretary Liz Truss declared during a Wednesday night speech at a dinner in Brussels, wherein she urged her counterparts in the US-led military alliance to adopt “a new approach to security in…

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