Bessent Says India’s Richest Families Benefit From Russia Deals

The US Treasury Secretary, Scott Bessent, has alleged that some of the wealthiest families in India have profited from the country's purchase of Russian crude oil. Bessent reiterated the US government's plans to increase tariffs on India, citing these alleged financial benefits as a reason for the move. The accusations come amidst ongoing tensions between the US and India over the latter's continued engagement with Russia, even after the imposition of Western sanctions following the invasion of Ukraine. The US has been urging India to reduce its reliance on Russian energy sources, a call that India has so far resisted, citing its own energy security concerns. The article does not provide any specific details or evidence to support Bessent's claims about the involvement of India's wealthiest families in the Russian oil deals. The response from the Indian government or the families mentioned has also not been included in the report.