Increased competition from China, South Korea! India’s diesel exports to Asia slump 63% – Times of India

[ad_1] India’s diesel exports hit by China, South Korea! India’s diesel exports to Asia saw a significant decline of 63% in March compared to the previous month. This drop was because of tough competition from Chinese and South Korean suppliers, which affected profit margins. Indian refiners shipped 61,000 barrels per day (bpd) of diesel to…

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Russia Says New South Korean Sanctions Are ‘Unfriendly’, Will Respond

[ad_1] MOSCOW (Reuters) – Russia considers South Korea’s decision to impose sanctions against Russian individuals and entities as an “unfriendly” move and will respond in due course, Russian Foreign Ministry spokeswoman Maria Zakharova said on Wednesday. South Korea has imposed sanctions against two Russian vessels which it says were carrying military cargo to North Korea….

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North Korea scraps all economic cooperation with South Korea – Times of India

[ad_1] North Korea‘s Supreme People’s Assembly has voted to cancel all agreements with South Korea regarding economic cooperation, according to the North’s official KCNA news agency. The decision comes as relations between the two Koreas continue to deteriorate. The assembly, which is responsible for adopting policy decisions of the ruling Workers’ Party, also voted to…

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