MOSCOW, March 13. /TASS/. Kremlin spokesman Dmitry Peskov declined to comment on media reports that India is going to join the oil price cap policy. Talking to reporters on Monday, he said that Russia relies primarily on its communication with India in economic matters.

Earlier, Bloomberg reported citing sources that India will not breach Western sanctions on Russia including the $60 price cap imposed on purchases of oil from Moscow.

"We have certain decisions the Russian President made on this matter, which are fixed in the relevant documents. We will proceed from them. Besides that, of course, in this case we are guided not by reports from news agencies, but primarily by our contacts with our counterparties in India," Peskov told reporters on Monday.

India, the world's third largest importer of crude oil after China and the United States, is actively buying Russian energy resources. At the beginning of 2022, Russia's share in India's oil import basket was 0.2%, by the end of the year it had grown to almost 1 million barrels per day, which was more than 20%.

New Delhi did not support the cap on Russian oil prices at $60 per barrel introduced by the West in December 2022. As Minister of Oil and Gas of the Republic Hardeep Singh Puri said earlier, India will continue to pursue an independent policy to ensure its energy security.

In late December, Russian President Vladimir Putin signed a decree on retaliatory measures to the West's cap on prices for Russian oil. Under the decree, since February oil supplies to buyers who joined this restriction are banned.