World news Oil

India is profiting from cheap Russian oil, says US

10:01 20 авг 2025.  686 Читайте на: УКР РУС

US Treasury Secretary Scott Besent accused India of profiting from a sharp increase in Russian oil purchases during the war in Ukraine, saying that Washington considers this situation unacceptable.

Bessent said that Russian oil now accounts for 42% of India's total oil purchases, compared to less than 1% before the war, and compared this to long-time buyer China, whose purchases of Russian oil have risen from 13% to 16%, Reuters reports.

“India is simply speculating. They are reselling. I would call it Indian arbitrage — buying cheap Russian oil, reselling it as a product that appeared during the war — this is unacceptable,” he said.

Photo: slovoidilo.ua.

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