This special report focuses on two major developing stories: new US sanctions against Russian oil giants Rosneft and Lukoil announced by President Donald Trump, and Prime Minister Narendra Modi's decision to virtually attend the ASEAN summit in Kuala Lumpur.

U.S. decision to sanction Russia's two largest oil companies threatens to disrupt the energy lifeline of India and China, industry experts said.

Three India-based companies were among 45 entities sanctioned by the European Union on Thursday for their alleged links with Russian military.

KALMYKIA (RUSSIA)- Over 50,000 devotees, many of whom waited in queues stretching up to one kilometer, have paid homage at a monastery here which is hosting an exposition of India’s Sacred Relics of Lord Buddha, an official said. The exposition from India has drawn an unprecedented response in the Republic of Kalmykia, Russia, he said.

U.S. trade talks collapsed earlier this year with New Delhi not agreeing to widen market access to its vast agricultural and dairy sectors.

Trump reiterated that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying "massive" tariffs if it did not do so