U.S. Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from its sharply increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the situation as unacceptable.

Treasury Secretary Scott Bessent on Tuesday accused India of “profiteering” from Russian crude oil purchases, calling the Narendra Modi government’s policy “unacceptable.” In an interview with CNBC on Tuesday morning,

Bessent said that Beijing’s longstanding purchases of Russian oil were in contrast to India’s rapid increase in imports after the war in Ukraine broke out