Is the West Dominating India?

The West has tagged a price cap on Russian crude oil by $60 a barrel. Razid Toshiif says if any country doesn't follow this, they will not be allowed to use tankers of EU, NATO and Australia. What's happening right now is possibly a move towards de-dollarization,. Right now the basis of the US hegemony or the world is the fact is the US dollars reserve currency status.