The same US Treasury Secretary Scott Bessent who accused India of profiteering from Russia-Ukraine war, was seen gloating over US’s strategy of selling weapons to Europe intended for Ukraine with a 10% markup.
"We are contributing about 18%, which is more than the US where the contribution is expected to be much less – about 11% or something. We are doing very well and we will continue to improve further," the RBI governor said.
Global crude prices could jump to 200 US Dollars a barrel if India were to stop buying Russian Oil thus severely harming consumers worldwide, sources told ANI.
In the aftermath of the Russia-Ukraine conflict, India has been buying oil from Russia at discounted rates. India fulfils around 88% of its crude oil demand through imports.
"I am still wiping the egg off my face because I was one person in the parliamentary debate who actually criticized the Indian position at the time back in February 2022," Tharoor said.