The US Treasury Secretary noted that European countries are on the front lines of the ongoing Ukraine-Russia conflict, making their refusal to join the US in penalizing India’s oil purchases particularly disheartening. When questioned about whether this “massive” trade deal between India and Europe threatens American interests—especially as these nations bypass Washington to advance free trade—Bessent remarked that while countries must do what they believe is best for themselves, the lack of coordination on Russian energy sanctions remains a major concern for the United States.
The friction highlights a growing divide between US and EU policies regarding trade with New Delhi, as Europe prioritizes its economic partnership with India despite Washington’s pressure to isolate Moscow further through secondary sanctions. (PTI)
For more details: Navamalayalam.com