The revised bill, however, narrows tariff provisions against buyers of Russian oil, and proposes authorising the US president to impose tariffs up to 100% on exports from the five largest Russian oil buyers, namely, China, India, Slovakia, Hungary, and Azerbaijan.
While the US Supreme Court struck down Trump’s reciprocal tariffs, and an additional 25% tariff on India for buying Russian oil was withdrawn earlier this year,...
"I buy oil based on cost and availability," Jaishankar stated. "At that point, much of the oil available on the market was Russian because Europeans were essentially buying up the Middle East oil, which was our traditional supply. So circumstances pushed us in a certain direction."
Scott Bessent's latest condescending post reveals Washington is now presenting temporary access to Russian oil as a humanitarian favour, even though the global energy disruption itself was triggered by America’s own unwarranted war with Iran.
Moscow's shipments were halted by Western sanctions, but Indian giants such as Reliance's Jamnagar, the world's largest refinery, devoured Urals grade and turned it into aviation fuel that ironically powered Europe's fleets affected by the restrictions, bringing in $6 billion in refined reward.
The only thing more glaring here than the obvious lie that the US controls India’s oil purchases is the sheer hypocrisy of the US government to insinuate that their sanctions are a blessing for the world, and when they pretend to un-sanction their own sanctions, it is again for the benefit of the world.