US Treasury Secretary Scott Bessent accused Europe of indirectly funding Russia's war by importing fuel linked to Russian oil, even as it backs Ukraine. His remarks came as India and the EU finalised a major trade deal amid rising global trade tensions.
Europe's reliance on Indian crude oil products has grown since the ban on Russian oil. Europe's refined fuel imports from India are set to surge above 360,000 barrels a day, edging just ahead of those of Saudi Arabia, Kpler's data show.