Apple Reportedly Ups iPhone Production in India as Country's Russia Ties Roil White House

India profiteering from Russian crude: US Treasury Secretary renews attack

In the past 10 days, US Treasury Secretary Scott Bessent has repeatedly targeted India for its energy trade with Russia.

Apple reportedly ups iPhone production in India as country's Russia ties roil White House

Treasury Secretary Scott Bessent told CNBC on Tuesday that India is "profiteering" off of Russia's invasion of Ukraine

US Treasury chief Bessent accuses India of profiteering on Russian oil purchases

By Andrea Shalal

Top US official accuses India of ‘profiteering’ by reselling Russian oil, spares China

New York, Aug 19 (PTI) US treasury secretary Scott Bessent on Tuesday accused India of “profiteering” by reselling Russian oil while sparing China for the same, saying it has “diversified inputs of their oil.” The remarks came amid strain in India-US relations after US President Donald Trump imposed tariffs totalling 50 per cent on India. This includes 25 per cent for New Delhi’s purchases of Russian oil that will come into effect from August 2…

U.S. Treasury Chief Bessent Accuses India of Profiteering on Russian Oil Purchases

WASHINGTON, Aug 19 (Reuters) – U.S. Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from its sharply increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the situation as unacceptable. Bessent told...