New Delhi, Jan. 27 -- US Treasury Secretary Scott Bessent said on Sunday (January 25) that "They are financing the war against themselves," criticising Europe for buying refined Russian oil products from India even as the United States imposed tariffs on Delhi for importing Russian crude.

"We have put 25 per cent tariffs on India for buying Russian oil. Guess what happened last week? The Europeans signed a trade deal with India," Bessent told ABC News.

He explained that Russia's oil goes into India, is refined, and then sold to European countries-actions he described as undermining the economic pressure aimed at ending the Russia-Ukraine conflict.

"And just to be clear again, the Russian oil goes into India, the refined products come o...