WASHINGTON: US Treasury Secretary Scott Bessent on Tuesday (Aug 19) accused India of profiteering from its increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the pr

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Bessent told CNBC that Russian oil now accounted for 42 per cent of India’s total oil imports, up from less than 1 per cent before the war. He contrasted that with China, where Russian oil imports rose modestly to 16 per cent from 13 per cent.