The ambassador called data on India's decision to comply with the price ceiling a hoax

The data that India has agreed to comply with the price ceiling for Russian oil is a hoax, Denis Alipov, Russian Ambassador to New Delhi, said on Soloviev Live.

“Such stories appear regularly,” said Alipov (quoted by RIA Novosti).

On March 12, Bloomberg reported that India decided to comply with the G7-approved ceiling on oil prices from Russia and not violate the sanctions imposed by the West . The Indian government has asked banks and traders to adhere to the requirements of the sanctions, agency sources said. Officially, the Indian authorities have not confirmed that they will support the restriction of prices for Russian oil.

India discussed the issue of sanctions with the US and other G7 countries on the sidelines of the G20 meeting, and the parties seem to be satisfied with the agreements reached, one Bloomberg source said.

Reuters at the end of February, when the meeting of finance ministers and heads of central banks of the G20 countries was to be held, wrote, citing six Indian high-ranking officials, that India would not even want to discuss additional sanctions against Russia with members of the G20. One of the interlocutors of the agency noted that the measures already taken against Moscow had a negative impact on the world and New Delhi does not want to discuss or support additional restrictions.

At the same time, India's role in the global oil market continues to grow, Blomberg reported earlier, noting that New Delhi continues to increase purchases of Russian oil, and after processing raw materials, supplies oil products to the EU and the USA.

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Sources told Reuters in early February that Indian refineries had begun paying for most of the Russian oil they buy through traders in Dubai in UAE dirhams instead of dollars.