Russian leader condemned the West's idea for a price cap on Russian gas, saying it would lead to price rises and that global demand for Russian energy was high.

India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil...

The move is blow to the US dollar as Russia bids to reduce its reliance on Western banking systems after it was hit by sanctions over its invasion of Ukraine

India is exporting products using Russian oil to countries with sanctions on Russia, with the top five being South Korea, Singapore, the US, Australia, and the Netherlands, Petro Logistics says

Asia's factory activity slid last month as China's strict zero-Covid approach and cost pressures hit businesses hard

Higher gas and oil prices caused profits to jump to $5.14 billion for the April-June period, soaring 140% from $2.14 billion a year earlier.

Nayara Energy's Russian parent Rosneft has already been hit by Western sanctions after Russia's invasion of Ukraine and traders are concerned the Indian refiner will suffer the same fate.

China imported 7.15 million tonnes of Russian oil last month via the East Siberia Pacific Ocean pipeline and shipped from Russian ports, but domestic demand was weaker

Japan's Nikkei closed above 29,000 for the first time in seven months and China and Hong Kong stocks rose. South Korea was down.

The US warned New Delhi that Russian oil was being exported via high-seas transfers to hide its origin – in violation of US sanctions, a top Indian banker official said on Saturday.

Thousands of people flooded the streets of Dhaka, demanding gas prices are cut to previous levels within 48 hours.

China and India now account for more than 41% of purchases of Russian crude oil, but there are signs that their buying has maxed out.