Russian President’s spokesperson Dmitry Peskov commented on Bloomberg’s report, which cited unnamed sources suggesting India would not violate Western sanctions or the price cap framework for Russian oil. He emphasized that Moscow prioritizes ongoing economic dialogue with New Delhi and the process of coordinating budgetary and energy policies remains a central element of bilateral relations. In a candid exchange with reporters, Peskov asserted that the Kremlin values steady, practical channels of communication with Indian authorities and business leaders as the situation develops.
According to Peskov, decisions related to the price ceiling and the broader framework around domestic petroleum products were already discussed at the highest level in Russia. The President, Vladimir Putin, was reported to have endorsed certain measures, and corresponding documents were prepared to guide future actions. The spokesperson indicated that Russia intends to reach out to its Indian partners to clarify positions, exchange views, and ensure that any steps taken align with shared interests in stability and predictable economic exchange.
Earlier coverage from Bloomberg noted that India would align with Western sanctions without breaching the agreed price limit on Russian crude. The report suggested that Indian authorities have directed traders and financial institutions to adhere to sanction requirements while managing the practical realities of cross-border payments, including the challenges posed by rupee-based settlements. Observers highlighted the importance of maintaining steady energy trade flows and the potential implications for monetary and trade relations between the two countries. Additional context and analysis were provided by other outlets, underscoring the nuanced balance between sanctions enforcement and economic cooperation that characterizes the current phase of the bilateral relationship.