India’s top refiner purchases three million barrels of Russian Urals blend despite ban by some countries India has reportedly ignored the latest ban placed on the purchases of Russian crude by some Western countries as part of broader sanctions introduced against Moscow over its military operation in Ukraine.

Enterprises of foreign companies that have pulled out of Russia may be subjected to bankruptcy proceedings, according to Russian Finance Minister Anton Siluanov. He said on Monday that the insolvency procedure for such businesses could take from three to six months.

The world’s largest exporter of wheat, Russia, supplied 23 million tons of the crop to the global market since the beginning of the 2021-2022 agricultural year (July 1, 2021) to March 10, the Ministry of Agriculture said on Monday. That is 30.9% lower than the figure for the same date last season.