US Treasury Secretary Scott Bessent criticised Europe for prioritising a trade deal with India over Ukraine, accusing the EU of indirectly funding Russia's war through energy trade. He said the US has made bigger sacrifices and warned that Europe put commerce ahead of Ukrainian lives.
US Treasury Secretary Scott Bessent accused Europe of indirectly funding the Russia-Ukraine war by buying Indian-refined fuel made from Russian oil, defended US tariffs on India, and said Indian crude purchases have dropped, suggesting a possible path to easing tariffs.
Bessent told Politico that Indian refinery purchases of Russian oil have "collapsed" due to US tariffs, hinting that, while tariffs remain in place, a diplomatic "path" exists to remove them, provided India shifts its energy sourcing and asserted that these trade measures provide tangible
US Treasury Secretary Scott Bessent stated NATO is "safe" and urged Europe to pay more for defence. He later rejected a "false choice" between Greenland and NATO, saying both matter for US security. Bessent said the US will stay in NATO as Trump pressures allies over Greenland.
India is engaging with the US to ensure its Chabahar Port projects continue under a conditional sanctions waiver valid till April 26, 2026, MEA spokesperson Randhir Jaiswal said. The MEA is also monitoring US tariff-related developments, while highlighting India-Iran trade at USD 1.6 bill
United States President Donald Trump on Tuesday (local time) said his administration's tariff policy is the cornerstone of what he described as the "strongest and fastest economic turnaround" in the country's history, asserting that it brought hundreds of billions of dollars pouring into
Union Minister Ashwini Vaishnaw attended a ministerial-level meeting organised by US Treasury Secretary Scott Bessent, focused on strengthening resilience in the global supply chain of critical minerals.
Bessent convened a meeting of Finance Ministers at the United States Treasury to discuss solutions to secure and diversify supply chains for critical minerals, especially rare earth elements.
According to the White House, the Executive Order blocks any attachment, judgment, lien, execution, garnishment or other judicial process against Venezuelan oil revenues and diluent sales deposited in US Treasury accounts. These funds, termed "Foreign Government Deposit Funds," are to remain
US Treasury Secretary Scott Bessent also said that the goals set by the GCF were "contrary" to Washington and that it would no longer fund "radical organizations."
Just a day after President Donald Trump stated that the US has seized a "very large" oil tanker off the coast of Venezuela, the Department of the Treasury on Thursday (local time) imposed sanctions on three nephews of Venezuela's First Lady Cilia Flores and six shipping companies linked t
Stronger-than-expected economic growth has led to hardening of bond yields, leaving the market divided over the Reserve Bank of India's upcoming monetary policy decision, a report by Union Bank of India stated.