U.S. accuses India of profiteering from Russian oil during Ukraine war
Investment
CNBC

U.S. accuses India of profiteering from Russian oil during Ukraine war

Why This Matters

India buys Russian oil, refines it into gasoline and diesel, and then sells the product back to regions that have sanctioned Russia such as Europe.

August 19, 2025
02:00 PM
3 min read

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