Before the war in Ukraine, less than 1% of India’s oil came from Russia. Now it is 42%
The system is allowing India to profiteer by buying cheap Russian oil, reselling it, and pocketing $16B in excess profits
By News on the Net -- Treasury Secretary Scott Bessent—— Bio and Archives--August 19, 2025
News in Brief—News Headlines | Comments | Back To Full Article
Before the war in Ukraine, less than 1% of India’s oil came from Russia. Now it is 42%.
— Treasury Secretary Scott Bessent (@SecScottBessent)August 19, 2025
The system is allowing India to profiteer by buying cheap Russian oil, reselling it, and pocketing $16B in excess profits.
This opportunistic arbitrage is unacceptable. pic.twitter.com/zp4FuKs9vJ
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