Danil Bochkov for The Diplomat has written an excellent article dated March 26, 2022. As The Diplomat article is paywalled - so I'm only providing this fragment:
"...Chinese neutrality, however, should not be conflated with de facto support of Russia. Since the outbreak of the conflict over a month ago, Beijing has remained unwilling to either openly bail out Moscow or criticize it.
India, by contrast, has been even more energetic in reaching out to Russia by ramping up oil purchases and jumpstarting trade in national currencies. India has already gained an advantage from the ongoing confrontation between Russia and the West by almost quadrupling its daily purchases of Russian oil at much cheaper prices. Now New Delhi is going even further by approving a proposal raised earlier by Russian authorities to allow Russian investors to buy debt securities of Indian companies. In fact, doing so required India to ease control over the system of its external commercial borrowing, which speaks of New Delhi’s willingness to deepen financial cooperation with Russia. Now Russian organizations can invest in bonds of Indian companies and pay for it with rupees via its own account open in the Reserve Bank of India..."
"GUEST AUTHOR Danil Bochkov is an expert at the Russian International Affairs Council. He earned his Master of Economics at MGIMO-University under the Ministry of Foreign Affairs of Russia. He also has a master’s degree in world economy from the University of International Business and Economics (UIBE, Beijing). He tweets at @danil_bochkov"
SEE THE WHOLE EXCELLENT THE DIPLOMAT ARTICLE HERE.