WASHINGTON: US Treasury Secretary Scott Bessent on Tuesday (Aug 19) accused India of profiteering from its increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the pr

cross-posted from: https://lemmy.zip/post/46803265

Bessent told CNBC that Russian oil now accounted for 42 per cent of India’s total oil imports, up from less than 1 per cent before the war. He contrasted that with China, where Russian oil imports rose modestly to 16 per cent from 13 per cent.

  • HotznplotznEnglish
    21·
    9 months ago

    Data shows that India’s Russian oil imports dropped in July

    In July, Russia represented 34% of India’s total imports [down from 45%] of 4,44 million bpd. The data revealed that India’s imports of oil in July were at their lowest level since September 2023.

    The data shows that between January and July, India’s Russian crude oil imports dropped by 3.6%, to 1.73 millions bpd. However, purchases from the U.S. increased 58%.