Scott Bessent: Europe Funds Its Own War by Importing Russian Oil via India

• US Treasury Secretary Scott Bessent criticizes Europe for indirectly funding Russia's war through refined petroleum imports from India, made from sanctioned Russian crude.
• Bessent highlights Europe's policy contradiction: supporting Ukraine while maintaining trade ties that ease financial pressure on Moscow.
• His remarks coincide with US-EU tensions over tariffs and trade strategies, including those involving India.
• India and the EU recently concluded a 'mother of all deals' free trade agreement, described by PM Narendra Modi as India's largest FTA.
• Alongside the FTA, India and the EU also signed a strategic defence partnership and a mobility agreement, strengthening their global role.

Why It Matters: Europe is criticized for indirectly funding Russia's war by importing refined Russian oil via India, despite sanctions.