Russia has not heard any statements from India about stopping Russian oil purchases, Kremlin spokesman Dmitry Peskov said on Tuesday. His comments came a day after US President Donald Trump claimed that Prime Minister Narendra Modi has "agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela."

"We haven`t heard any statements from New Delhi on this matter yet," Peskov said. The Kremlin spokesman also said that Russia intends to continue to develop its relations with India in every possible way, according to Russian media reports. Sources in Russia`s energy ministry said they have not received any notice from Indian refiners to cancel contracts.