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‘They are just profiteering…’: Trump administration fires fresh salvo on India for Russia crude trade; ‘…made $16 billion in excess profits’

IndiaTimes Tuesday, 19 August 2025 ()
US Treasury Secretary Scott Bessent criticized India's Russian oil purchases, deeming it "arbitrage" and accusing them of profiteering by reselling refined products.
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News video: ‘Sanctions’: Trump Team Again Blames India For Russia-Ukraine War | Why Did Trump Leave Out China?

‘Sanctions’: Trump Team Again Blames India For Russia-Ukraine War | Why Did Trump Leave Out China? 03:42

 The White House shifted its language on India, with Press Secretary Leavitt describing Trump’s 50% tariffs as “sanctions.” She said the measures are punitive and aimed at pressuring Russia by targeting importers like India and Brazil—while notably excluding China. Treasury Secretary Scott...

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