India, Oct. 16 -- Russian oil, which accounts for a third of India's total imports, remains the most cost-effective option on the global market, and Moscow has consistently honoured its commitments amid attempts to disrupt this energy cooperation, Russian ambassador Denis Alipov said on Thursday.

Alipov's remarks came hours after US President Donald Trump claimed Prime Minister Narendra Modi had told him that India will stop buying Russian oil. Alipov further contended that President Vladimir Putin's visit in December for an annual India-Russia Summit is an opportunity to further elevate cooperation and strengthen coordination on the global stage.

India has faced increased pressure from Trump over its procurement of Russian oil and mili...