India's Russian oil trade: US secretary claims India 'geared down and stopped'; threat of 500% tariff legislation looms

India’s Russian oil trade: US secretary claims India ‘geared down and stopped’; threat of 500% tariff legislation looms

US Treasury Secretary Scott Bessent claimed that India has scaled back purchases of Russian oil following trade action taken by President Donald Trump, linking New Delhi’s move to the imposition of tariffs by Washington.Speaking at the World Economic Forum in an interview with Fox Business, Bessent, talking about the Russian Sanctions Bill, said India began…

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Maduro capture aftermath: US official reveals when Venezuela oil sanctions could be lifted; IMF, World Bank talks hinted

Maduro capture aftermath: US official reveals when Venezuela oil sanctions could be lifted; IMF, World Bank talks hinted

US Treasury Secretary Scott Bessent (File photo) US Treasury Secretary Scott Bessent hinted at possible easing of sanctions on Venezuela’s oil exports in the next week, after the arrest of Venezuela President Nicolas Maduro by US forces. The US Treasury is also scheduled to hold discussions with the heads of the International Monetary Fund and…

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