A cessation of hostilities in Ukraine ordered by President Vladimir Putin on the eve of Orthodox Christmas took effect on Friday morning. Russia intends to observe the truce for 36 hours, from 12:00 local time on January 6 until midnight on January 7.
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Brussels has reportedly proposed imposing trade restrictions on three entities over what it calls support of Moscow China firmly opposes a reported EU proposal to impose trade restrictions on three Chinese firms over their cooperation with Russia, the Foreign Affairs Ministry has said in a statement seen by Bloomberg, calling the potential move “illegal sanctions.”
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India’s largest oil and gas company, Indian Oil Corporation (IOC), bought three million barrels of Urals crude oil from Russia on Wednesday, the Deccan Herald newspaper reported citing trade sources.
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