India, Jan. 24 -- US Treasury Secretary Scott Bessent recently said that US tariffs on India have led to a reduction in Indian purchases of Russian oil, while the European allies refused to impose such tariffs, as they wished to sign a "big trade deal" with New Delhi.

In an interview with Politico's Dash Burns, Bessent talked about Greenland and America's role in the global economy.

"We put 25% tariffs on India for buying Russian oil, and the Indian purchases by their refineries of Russian oil have collapsed. The 25 per cent Russian oil tariffs are still on. I would imagine that there is a path to take them off, so you know that that's a check and a huge success, Bessent said in the interview.

He also pointed out in the interview that ...