India hasn’t given the country’s oil refiners instructions to stop buying Russian oil, according to people familiar, days after US President Donald Trump blasted New Delhi for the energy purchases.

Indian officials confirmed Saturday the country is not altering policy and will continue buying oil from Russia, despite threats of a financial "penalty" from U.S. President Donald Trump.

MOSCOW (Reuters) -U.S. President Donald Trump's demand on India to halt Russian oil imports could threaten billions in Russian revenues, prompt Moscow to retaliate by stopping a major U.S.-led oil pipeline and potentially lead to a new global supply crisis.