RE:Russia may have found a buyer for its cheap oil: India
India announced last month that it would tap into its national stockpile for oil reserves in an effort to curb rising global energy prices amid the invasion.
The country already released 3.5 million barrels as part of an agreement with the U.S. to combat rising gas prices. But India is now further "supporting initiatives for releases from strategic petroleum reserves to mitigate market volatility and calm the rise in crude oil prices," according to a government statement reviewed by Reuters in February.