US temporarily allows India to buy Russian oil amid Iran war

Scott Bessant noted that India is an important partner of the United States.

The US Treasury Department has temporarily allowed Indian refineries to buy Russian oil . This measure will be valid for only 30 days, the head of the US Treasury Department, Scott Bessant, said on the social network X.

“President Trump’s (US President Donald Trump’s) energy program has led to oil and gas production reaching its highest level in history. To keep oil flowing to the global market, the US Treasury Department has issued a temporary 30-day permit allowing Indian refineries to purchase Russian oil,” the report says.

According to Bessent, this short-term measure will not bring significant financial benefits to the Russian government, as it only allows transactions with oil that is already at sea.

“India is an important partner of the United States, and we fully expect that New Delhi will increase purchases of American oil. This temporary measure will ease the pressure caused by Iran’s attempt to take the world’s energy sector hostage,” the US Treasury Secretary concluded.

(C)UNIAN 2026