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02Jan 2025

Ukraine Ends Russian Gas Transit, Reshapes Energy Markets

Why in the news? Ukraine halted Russian gas transit to Europe on January 1, 2025, ending decades of supply dominance. This move, driven by Europe’s reduced reliance on Russian energy, impacts Ukraine’s revenue and Russia’s market share significantly. Ukraine Halts Russian Gas Transit to Europe: On January 1, 2025, Ukraine ceased the transit of Russian …

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28Dec 2024

GCC Strengthens Strategic Ties with India and Region

Why in the news? The Gulf Cooperation Council (GCC), a key energy bloc, maintains strong economic ties with India, highlighted by substantial trade and expatriate remittances, emphasizing its role as India’s largest regional partner and a strategic ally in global dynamics. India-GCC Bilateral Relations India and the GCC share strong economic ties, with bilateral trade …

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