US Treasury Secretary Scott Bessent. (Courtesy: Reuters)
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News1826-01-2026, 19:53

Trump Aide: Europe Funds Russia War via India Oil; EU-India Near 'Mother of All Deals'

  • A Trump aide claims Europe finances Russia's war by buying refined Russian oil products from India.
  • US imposed 25% tariffs on India for buying Russian oil, while Europe signed a trade deal with India.
  • The aide stated that Indian purchases of Russian oil collapsed due to US tariffs, calling it a success.
  • Russian oil's share in India's imports rose significantly after the Ukraine war, allowing Indian refiners huge profits.
  • India and the EU are close to finalizing a free trade agreement, dubbed the "mother of all deals," on January 27.

Why It Matters: A Trump aide criticizes Europe for funding Russia's war through Indian oil, as EU and India finalize a major trade deal.

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