‘Opportunistic Arbitrage Is Unacceptable’: US Treasury Secretary On India’s Russian Oil Trade
The US-India-Russia oil trade dispute escalated this week as US Treasury Secretary Scott Bessent openly criticised New Delhi for what he termed “opportunistic arbitrage” in its imports and re-exports of Russian oil.In an interview with CNBC on Tuesday, Bessent said India’s sharp pivot to Russian crude since the Ukraine war had created room for profiteering at the expense of global sanctions
The US-India-Russia oil trade dispute escalated this week as US Treasury Secretary Scott Bessent openly criticised New Delhi for what he termed “opportunistic arbitrage” in its imports and re-exports of Russian oil.In an interview with CNBC on Tuesday, Bessent said India’s sharp pivot to Russian crude since the Ukraine war had created room for profiteering at the expense of global sanctions
Go to Source