US Edition
US Treasury chief Bessent accuses India of profiteering on Russian oil
US Treasury Secretary Scott Bessent accused India of making up to $16 billion from discounted Russian oil sales, escalating trade tensions amid sanctions enforcement disputes.
- US Treasury chief Bessent accused India of 'profiteering' by purchasing cheap Russian oil and reselling it during the Ukraine war, calling it 'unacceptable'.
- President Donald Trump announced an additional 25% tariff on Indian goods as punishment for New Delhi's Russian oil purchases, bringing total additional duties on Indian exports to 50%.
- Bessent said Russian oil now accounted for 42% of India's total oil imports, up from less than 1% before the war, while China was a long-term buyer and had not engaged in 'arbitrage' like India.
Insights by Ground AI
Does this summary seem wrong?
51 Articles
51 Articles
US treasury secy slams Indo-Russia oil trade, says profits benefits India’s 'richest families'
US Treasury Secretary Scott Bessent on Tuesday (Aug 19) accused India of profiteering from its increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the practice as unacceptable.
·New Delhi, India
Read Full Article
India's state-owned refiners have resumed purchases of Russian Urals oil after a brief pause, despite the threat of increased US tariffs and a wave of criticism.
Coverage Details
Total News Sources51
Leaning Left7Leaning Right8Center7Last UpdatedBias Distribution36% Right
Bias Distribution
- 36% of the sources lean Right
36% Right
L 32%
C 32%
R 36%
Factuality
To view factuality data please Upgrade to Premium
