Prøve GULL - Gratis
India profiteering from Russian oil: Bessent
Financial Express Chennai
|August 20, 2025
The US Treasury secretary Scott Bessent on Tuesday said that India is profiteering from Russian oil and made $16 billion in excess profits.
Bessent noted that China's import of Russian oil is at a suboptimal level while India has significantly increased its purchases of Russian barrels post the invasion of Ukraine.
"China importing is at sub-optimal. If you go back to pre-2022, pre-invasion (of Ukraine), 13% of China's oil was already coming from Russia. Now, it's 16%, so China has diversified input of their oil. India has less than 1% of their oil coming from Russia (before 2022). And now I believe it's 42%. India is just profiteering, they are reselling."
Denne historien er fra August 20, 2025-utgaven av Financial Express Chennai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Financial Express Chennai
Financial Express Chennai
Redemption price for SGBs set at ₹12,801
THE RESERVE BANK on Wednesday announced a redemption price of ₹12,801 per unit for two series of sovereign gold bonds.
1 min
December 11, 2025
Financial Express Chennai
Trump, seeking economic reset, insists smart people back tariffs
PRESIDENT DONALD TRUMP said people were \"starting to learn\" the benefits of his tariff regime as he sought to convince voters his administration was moving to address affordability concerns, taking to the road in hopes of countering a mounting political vulnerability.
1 mins
December 11, 2025
Financial Express Chennai
Prestige Estates eyes ₹1 Lcr in sales, about 5 times FY25 levels
PRESTIGE ESTATES IS aiming for sales of about ₹1 lakh crore in the coming years-roughly five times its FY25 sales-as the developer ramps up launches and builds out one of the sector's largest pipelines.
1 min
December 11, 2025
Financial Express Chennai
Rate cut gives further impetus to home loans
DEMAND TO STAY STRONG
2 mins
December 11, 2025
Financial Express Chennai
Barclays India CEO: Some IPOs are being mispriced
A EUPHORIA IN India’s primary markets is leading some companies to misprice their initial public offerings, prompting investor caution, according to Pramod Kumar, chief executive officer of Barclays Plc’s India unit.
1 mins
December 11, 2025
Financial Express Chennai
Q-comm fee cuts fail to arrest slide in app downloads
POST-FESTIVE SLUMP
2 mins
December 11, 2025
Financial Express Chennai
Amazon adds $35 bn to India cart
INVESTMENT TO ADVANCE AI-LED DIGITISATION, EXPORT GROWTH, JOB CREATION
1 min
December 11, 2025
Financial Express Chennai
NBFC vehicle finance AUM to hit ₹11 lakh cr by FY27: Crisil
VEHICLE FINANCE PORTFOLIOS of NBFCs are projected to reach ₹11 lakh crore by March 2027, growing at 16-17% annually in the current and next fiscals, supported by policy measures and favourable macroeconomic conditions, according to Crisil.
1 min
December 11, 2025
Financial Express Chennai
Musk's SpaceX to raise over $25 bn in 2026 IPO
ELON MUSK'S SPACEX is looking to raise more than $25 billion through an initial public offering in 2026, a move that could boost the rocket-maker's valuation to over $1 trillion, a person familiar with the matter told Reuters on Tuesday.
1 mins
December 11, 2025
Financial Express Chennai
'Board to bring in external experts to probe disruption'
INDIGO CHAIRMAN VIKRAM Singh Mehta on Wednesday said that the airline's board will examine every aspect of the recent flight disruptions at the carrier.
1 mins
December 11, 2025
Listen
Translate
Change font size