India to ensure no breach on Russia oil purchase sanctions

Western countries led by the US had put a price cap of $60 per barrel on exports of Russian oil in a bid to crimp revenues to the Kremlin and keep some oil on the market

India will not breach Western sanctions on Russia including the price cap of $60 imposed on purchases of oil from Moscow, according to people familiar with the matter.

Government authorities have asked banks and traders to adhere to the rules, the people said, declining to be identified as the information isn’t public. Indian officials have not gone on the record to say they will support sanctions and the price cap imposed by the Group of Seven nations on Russia.

India had a detailed discussion with the US and other G-7 nations on the sidelines of the Group of 20 nations