US Finance Minister Scott Besant accused India of “profiteering” by selling Russian oil again, but spared China for doing so.
The comment has come at a time when US President Donald Trump has imposed a total of 50 percent fee on India, after which the tension in Indo-US relations has increased. It also includes 25 percent fee on the purchase of Russian oil, which will be applicable from August 27.
Besant while answering a question on CNBC about separate treatment of China and India for Russian oil procurement said that China’s oil imports from Russia have increased by only three percent after the Russia-Ukraine war, while India’s oil imports from Russia have increased by more than 40 percent.
Besant said, “India is only making profiteering, they are selling it again… they earned an additional profit of $ 16 billion… some of India’s richest families (have earned profit).” He said, “He said,” It has begun during the war re -selling Indian arbitration, that is to buy cheap oil and sell it as a product… It is absolutely unacceptable. “
