Oil pumps in operation. Archival photoMOSCOW, 1 Apr. The US is trying to convince China and India to join the US initiative and release oil from their reserves, said the head of the White House National Economic Council, Brian Deese. Earlier, US President Joe Biden, amid oil supply disruptions, announced that the US was starting to supply daily to market a million barrels from strategic reserves within six months. that such negotiations are underway with India. On February 24, Russia launched a military operation to demilitarize and denazify Ukraine. In response, Western countries announced large-scale sanctions against Moscow, primarily in the banking sector and the supply of high-tech products. Some brands have announced the cessation of work in the country.
The Indian Foreign Minister called the main buyers of Russian oilThe Kremlin called these measures an economic war, the likes of which have not yet been It was. The authorities stressed their readiness for such a development of events and assured that they would continue to fulfill social obligations. In addition, Russia has taken several retaliatory measures. After the start of the special operation in Ukraine, US President Joe Biden announced a ban on the import of energy resources from Russia, after which their prices began to rise rapidly. As Russian Deputy Prime Minister Alexander Novak noted, abandoning Russian oil could lead to catastrophic consequences for the global market and cause a jump in oil prices to $300 per barrel or more.
Britain is exploring the possibility of releasing oil from reserves, media reported
