India tightens checks on Russian oil imports, volumes set to drop

Oil futures have continued to decline, settling lower amid concerns over oversupply and ongoing geopolitical tensions related to the Russia-Ukraine conflict. The market is reacting to expected inventory builds and the potential for a ceasefire in Ukraine, which could further impact oil supply dynamics.

Oil futures have continued to decline, settling lower amid concerns over oversupply and ongoing geopolitical tensions related to the Russia-Ukraine conflict. The market is reacting to expected inventory builds and the potential for a ceasefire in Ukraine, which could further influence oil supply dynamics.

Russia's central bank is pursuing $230 billion in damages from Euroclear, following the Kremlin's warning against the European Union's plans to utilize frozen Russian assets to support Ukraine. This legal action underscores the tensions surrounding the use of these assets amid ongoing geopolitical conflicts.

Global fund managers are increasingly viewing Indian stocks as a strategic hedge against potential risks associated with artificial intelligence (AI) market fluctuations, as concerns over an AI bubble grow. This renewed interest comes amid a challenging year for Indian markets, which have seen significant underperformance.

A recent Danish intelligence report has raised alarms regarding the economic leverage and military threats posed by the U.S. under the Trump administration, highlighting concerns over the growing influence of China and Russia in reducing Western dominance globally.

The European Union has decided to indefinitely freeze Russian assets to prevent Hungary and Slovakia from vetoing financial support for Ukraine, which is crucial amid the ongoing conflict. This freeze will remain until Russia ceases its military actions and compensates Ukraine for damages.

The Russian stock market closed lower, with the MOEX Russia Index remaining unchanged, indicating a period of stagnation in trading activity. This development reflects ongoing market uncertainties and investor sentiment in the region.

The European Union has made a significant decision to utilize frozen Russian assets as collateral to support Ukraine's defense efforts amid the ongoing conflict with Russia. This move is part of a broader strategy to provide financial assistance to Ukraine, which is facing a severe economic crisis due to the war.