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India profiteering on Russia oil buys: US
Hindustan Times Lucknow
|August 20, 2025
US Treasury Secretary Scott Bessent on Tuesday accused India of “profiteering” by purchasing Russian energy cheaply and reselling refined energy products in global markets while defending Washington's decision not to punish China for similar trade with Russia.
Bessent said in an interview that Beijing's longstanding purchases of Russian oil were in contrast to India’s rapid increases of imports after the Ukraine war broke out.
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