{"id":1282679,"date":"2025-08-20T10:21:10","date_gmt":"2025-08-20T07:21:10","guid":{"rendered":"https:\/\/prm.ua\/cheap-oil-and-big-money-india-exposed-in-large-scale-arbitration-with-russia\/"},"modified":"2025-08-20T10:21:10","modified_gmt":"2025-08-20T07:21:10","slug":"cheap-oil-and-big-money-india-exposed-in-large-scale-arbitration-with-russia","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/cheap-oil-and-big-money-india-exposed-in-large-scale-arbitration-with-russia\/","title":{"rendered":"Cheap oil and big money: India exposed in large-scale arbitration with Russia"},"content":{"rendered":"

US Treasury Secretary Scott Bessant has sharply criticized India for its aggressive increase in imports of Russian oil during the war against Ukraine. According to him, New Delhi is not only purchasing raw materials at reduced prices, but also reselling products from it on international markets, making significant profits from this.<\/strong><\/p>\n

This was reported by<\/a> Reuters, citing a statement by Bessent.<\/p>\n

What is known:<\/p>\n

\u25aa\ufe0f The share of Russian oil in Indian imports has increased to 42% \u2014 a colossal increase compared to pre-war volumes (less than 1%).
\u25aa\ufe0f For comparison, China, which also actively cooperates with Russia in the energy sector, increased purchases from only 13% to 16%.<\/p>\n

“India is simply making money from this. They buy cheap Russian oil, process it and sell it on. Such arbitrage, in my opinion, is unacceptable,” the minister emphasized.<\/p>\n

Bessent emphasized that Washington considers such behavior a challenge to Western sanctions policy, since such a scheme weakens economic pressure on Russia.<\/p>\n

India has become a key intermediary for circumventing sanctions on energy supplies. And although the US has not imposed direct restrictions against India, such statements may indicate increased pressure from the West on countries that trade with Russia “bypassing”.<\/p>\n

As is known, US President Donald Trump has changed his approach to policy towards India in order to put more pressure on Vladimir Putin to stop the war against Ukraine.<\/a><\/p>\n

As a reminder, at the end of July, US President Donald Trump announced the introduction of new tariffs for India: from August 1, the country will have to pay 25%.<\/a> He explained that India buys most of its military equipment from Russia and, together with China, is one of the largest consumers of Russian energy.<\/p>\n

US President Donald Trump later signed an executive order imposing a 25% tariff on goods from India because of its oil imports from Russia, the first official move by Washington to punish third countries for cooperating with Russian energy.<\/a><\/p>\n

As reported, Indian refineries have the right to continue buying oil from Russia, as the country’s authorities have not decided on a ban.<\/a><\/p>\n

At the same time , China has increased its imports of Russian oil, seizing the window of opportunity left after Indian demand declined due to US pressure. Thanks to competitive prices,<\/a> Chinese refineries are increasing supplies of Urals from the Baltic and Black Seas.<\/p>\n

In addition, the fourth meeting of the working subgroup of the Russian-Indian intergovernmental commission on military-technical cooperation is scheduled to be held in St. Petersburg next month. At the meeting, Russia and India plan to discuss issues of defense cooperation, military training, and joint military exercises.<\/a><\/p>\n

It should be noted that Indian companies are not only indirectly financing Russia’s war against Ukraine by purchasing Russian oil, but also supplying components for combat drones used on the front.<\/a><\/p>\n

Also follow \u201cPryamim\u201d<\/strong> on Facebook<\/a> , Twitter<\/a> , Telegram<\/a> , and Instagram<\/a> .<\/p>\n","protected":false},"excerpt":{"rendered":"

US Treasury Secretary Scott Bessant has sharply criticized India for its aggressive increase in imports of Russian oil during the war against Ukraine. According to him, New Delhi is not only purchasing raw materials at reduced prices, but also reselling products from it on international markets, making significant profits from this. This was reported by […]<\/p>\n","protected":false},"author":59,"featured_media":1215394,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76892,76870,76871,76872,76874,76885],"class_list":["post-1282679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-world","category-news-2","category-news-feed","category-war","category-policy"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1282679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1282679"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1282679\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/1215394"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1282679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1282679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}