2 days ago
Last Updated:September 25, 2025, 15:11 IST
President Donald Trump has imposed a total of 50% tariffs on India for buying Russian oil.
Bessent said Europe is buying the refined oil from India, which is importing Russian oil. (Photo: AFP file)
US Treasury Secretary Scott Bessent has said that India will slowly reduce Russian oil purchases while hitting out at Europe for allegedly financing the war against itself.
Bessent said Europe is buying the refined oil from India, which is importing Russian oil.
“President Trump unilaterally put 25% tariffs on India for buying Russian oil. I think India will slowly wean itself of that (reduce oil purchases from Russia). But the perverse thing is that Europe is buying the oil that India refines. Europeans are financing the war against themselves," the Treasury Secretary told Fox News.
Bessent’s remark comes as Indian and US officials are negotiating for a trade deal.
President Donald Trump has imposed a total of 50% tariffs on India for buying Russian oil, a move New Delhi called “unfair, unjustified and unreasonable." India has said it will take all actions necessary to protect its national interest.
Addressing the 80th session of the United Nations General Assembly (UNGA), US President Donald Trump has reiterated that China and India are the “primary funders" of the ongoing Ukraine war by continuing to purchase Russian oil, but said that even NATO countries have not cut off much Russian energy and Russian energy products.
“They’re funding the war against themselves. Who the hell ever heard of that one? In the event that Russia is not ready to make a deal to end the war, then the United States is fully prepared to impose a very strong round of powerful tariffs, which would stop the bloodshed, I believe, very quickly. For those tariffs to be effective, European nations, all of you are gathered here right now, would have to join us in adopting the exact same measures," he said.
Saurabh Verma covers general, national and international day-to-day news for News18.com as a Senior Sub-editor. He keenly observes politics. You can follow him on Twitter --twitter.com/saurabhkverma19
Saurabh Verma covers general, national and international day-to-day news for News18.com as a Senior Sub-editor. He keenly observes politics. You can follow him on Twitter --twitter.com/saurabhkverma19
Location :
New York, United States of America (USA)
First Published:
September 25, 2025, 15:00 IST
News world 'Buying Oil India Refines': Treasury Secretary Bessent Says Europe Financing War Against Itself
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