New Delhi should either abide by the G7 price cap, or refrain from using Western insurance and shipping services

Washington has given its blessing for India to keep buying as much Russian oil as it wishes, even at prices exceeding those set by the G7-imposed cap mechanism – but only if it refrains from using Western insurance, finance and maritime services to fulfill the transactions.

New Delhi is looking for stable energy ties with Moscow and will continue buying Russian oil to India’s advantage, Foreign Minister Subrahmanyam Jaishankar said on Tuesday during a meeting with his Russian counterpart, Sergey Lavrov.

“It is our fundamental obligation to ensure that the Indian consumer has the best possible access on most advantageous terms to international [energy] markets,” Jaishankar said.

https://www.rt.com/business/566378-india-russian-oil-yellen/