It is noted that the price ceiling for Russian oil did not affect the import of raw materials to India, since its price at the moment is $53-56 per barrel.
It is also reported that the Indian authorities are monitoring the sanctions imposed against oil from Russia.
On December 27, Russian President Vladimir Putin signed a decree retaliating against the imposition by the United States and other countries of a price ceiling on Russian oil.
Earlier, Igor Yushkov, a leading expert of the National Energy Security Fund and the Financial University under the Government of Russia, commented on the situation on the oil market in an interview with Economics Today.