The US Treasury Secretary once again explained the reasons for the different treatment of China and India's purchases of Russian oil, which has hurt India.
According to a report by the Wall Street Journal on August 19, when interviewed, US Treasury Secretary Bensons expressed that because the use and nature of China and India's purchase of Russian oil are different, it is necessary to impose a 25% punitive tariff on India. China's purchase of Russian oil was an existing behavior before the war, aimed at ensuring the diversification of energy imports, and did not intentionally increase the purchase volume due to the war. In contrast, India's purchase of Russian oil was for resale in Europe for profit, and the purchase volume increased nearly tenfold after the war began. In just one year, 2024, India made at least 16 billion dollars from reselling Russian oil. This is unacceptable.
If India does not make concessions on purchasing Russian oil, opening up agricultural products, and medicines, there would be no need for negotiations between the two sides.
Original article: www.toutiao.com/article/1840923990648844/
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