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'It's inevitable': What Trump official said on 30-day waiver to India for buying oil from Russia

Hindustan Times India·13 March 2026·10h ago1 min read0 views
'It's inevitable': What Trump official said on 30-day waiver to India for buying oil from Russia

Scott Bessent, a former official in the Trump administration, has commented on the recent 30-day waiver granted to India for purchasing oil from Russia amidst ongoing geopolitical tensions. While acknowledging the concerns surrounding India's decision to buy Russian oil, Bessent expressed hope that the benefits for Russia would be limited in duration. This waiver comes as part of a broader strategy to manage energy supplies while balancing international relations. India's oil imports from Russia have surged significantly in recent months, raising eyebrows in Western capitals as countries navigate sanctions against Moscow following its actions in Ukraine. As India continues to prioritize its energy security, the implications of this waiver on global oil markets and diplomatic relations remain a focal point of discussion among policymakers and analysts alike. The evolving dynamics of India-Russia relations, especially in the context of energy procurement, highlight the complexities of global energy politics in an increasingly multipolar world.

Originally reported by Hindustan Times India. Read original article

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