Just as India and the European Union (EU) finalised their Free Trade Agreement in a big move to counter Donald Trump’s tariff-driven trade policy, the US has doubled down on allegations that India’s oil trade with Russia finances the war in EU-backed Ukraine.
“We have put 25 per cent tariffs on India for buying Russian oil. Guess what happened last week? The Europeans signed a trade deal with India,” US treasury secretary Scott Bessent said in an interview on Sunday, US local time.
The India-EU deal, it must be noted,…