Alexander Novak – Latest stories from Nourish

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Alexander Novak, Russia’s deputy PM since 2020, is in the news for talks with Syria and energy issues amid Ukraine strikes and economic worries.

Stories involving Alexander Novak

Oil Prices Rise Amid Middle East Tensions

Oil prices have surged due to Middle East conflicts and disruptions in the Strait of Hormuz, impacting Russia's budget and global energy markets. Russian crude now trades above $60, but budget shortfalls persist as revenues remain below the required levels, with geopolitical tensions intensifying market volatility.

India Turns to Russian Oil Amid Middle East Conflict

India faces energy supply disruptions due to Gulf region conflicts and sanctions. It is increasingly sourcing Russian oil, with recent shipments arriving in eastern India. The shift follows US sanctions easing and ongoing Middle East tensions disrupting traditional supply routes.

US Lifts Russian Oil Sanctions for India

The U.S. Treasury issued a short-term license allowing India to buy Russian crude oil loaded before March 5, amid ongoing Middle East tensions and Strait of Hormuz closure. This move aims to stabilize global energy markets, with India continuing Russian imports despite sanctions and tariff threats.