Illustration shows miniatures of oil barrels and rising stock graph · Reuters
Reuters: NEW DELHI (Reuters) - Global oil prices "would have hit the roof" if big importer India had not bought oil from Russia following the Ukraine war, India's oil minister said, adding that prices would determine where the country buys oil from.
India, the world's third largest oil importer and consumer, has become the top buyer of discounted Russian sea-borne oil shunned by Western countries since Ukraine's invasion began in early 2022. Before that, India bought little oil from its long-running defence partner, Russia.
New Delhi has repeatedly defended its purchases from Russia as necessary to keep prices in check in the developing country of 1.42 billion people.
"What many around the world don’t seem to realise is that global oil prices would have hit the roof if India had not bought oil from Russia," India's oil minister, Hardeep Singh Puri, wrote on X late on Friday.
"We owe it to our citizens - India will buy oil from wherever our companies get the best rates."
India's crude oil imports from Russia rose by 11.7% to about 1.9 million barrels per day in September, accounting for about two-fifths of the South Asian nation's overall crude imports in the month. Russia was followed by Iraq and Saudi Arabia as India's biggest suppliers.
Culture
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In the bustling streets of Baku, where fashion is as dynamic as the city's skyline, a quiet revolution is taking place. Despite Azerbaijan's strides in waste management, the issue of clothing and textile waste persists, casting a long shadow over environmental progress.
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Despite its rich historical past in Azerbaijan, donation culture faces numerous problems in modern times. Issues such as transparency in reaching the target audience, declining public trust, and the absence of sustainable support mechanisms are major challenges in this field. Additionally, the weak promotion of donation culture prevents its broader acceptance and development within society. Both education and modern solutions are crucial to enhance the social impact of donations.
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On a crisp December weekend, the Passage1901 venue in the heart of Baku came alive with the buzz of creativity, commerce, and community. The “Bizimkilər” (Ours) Festival, a celebration dedicated to supporting local brands, artisans, and small businesses, made its long-awaited return on December 14 and 15. With a fresh two-day program, the festival proved once again to be a vibrant platform for artistic expression, local entrepreneurship, and philanthropy.
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In a vibrant tribute to one of Azerbaijan’s most beloved artistic figures, the Scientific-methodical and Advanced Training Center on culture (MEMIM), in collaboration with the Azerbaijan State Art Gallery and the Union of Azerbaijani Artists, concluded the "Tablolarda Nağıllar" (Fairy Tales on Canvases) exhibition-competition on December 13, 2024. The event celebrated the 115th anniversary of People’s Artist Səttar Bəhlulzadə, whose timeless work continues to inspire generations.
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