The system is allowing India to profiteer by buying cheap Russian oil, reselling it, and pocketing $16B in excess profits

Before the war in Ukraine, less than 1% of India’s oil came from Russia. Now it is 42%

By News on the Net -- Treasury Secretary Scott Bessent——Bio and Archives--August 19, 2025

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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.

This opportunistic arbitrage is unacceptable. pic.twitter.com/zp4FuKs9vJ
— Treasury Secretary Scott Bessent (@SecScottBessent)August 19, 2025

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News on the Net——Bio and Archives

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