The US imposed 25 per cent tariffs on India for buying Russian oil, but the Europeans signed a trade deal with New Delhi, Treasury Secretary Scott Bessent said as he emphasised that Europe is financing the "war" against itself by purchasing refined Russian oil products from India. ADVERTISEMENT"We have put 25 per cent tariffs on India for buying Russian oil. The Europeans signed a trade deal with India,” Bessent told ABC News Sunday. "And just to be clear again, the Russian oil goes into India, the refined products come out, and the Europeans buy the refined products. The Trump administration has imposed 50 per cent tariffs on India, including 25 per cent for Delhi’s purchases of Russian oil.

Source: The Telegraph January 27, 2026 14:52 UTC