Russian officials say global markets need its oil to stabilize energy crisis

Russian officials have stated that global markets are in urgent need of Russian oil to help stabilize the energy situation. Kremlin spokesperson Dmitry Peskov said the arrival of Russian oil on the world market helps stabilize it, and a presidential envoy said Russia is necessary for mitigating the global energy crisis.

Officials also noted Russia is ready to pump oil via the Druzhba pipeline to Slovakia. These statements come alongside a U.S. Treasury Department announcement that it lifted sanctions on Russian oil loaded onto vessels before March 12, though the U.S. energy secretary said the country is not planning to give carveouts for Russian oil.