Russia's Rosneft boosts oil sales to India amidst Western embargo.

Rosneft and Indian Oil Corp have signed a term agreement to increase oil supplies and diversify oil grades delivered to India. The deal was signed during a working trip to India by Rosneft CEO Igor Sechin, and the details of the agreement were not revealed. The parties also discussed expanding cooperation between Rosneft and Indian companies in the entire value chain of the energy sector, including possibilities of making payments in national currencies.