In an interview with CNN on Sunday, Wright said he and Treasury Secretary Scott Bessent had spoken to Indian authorities about acquiring Russian oil cargoes currently waiting to be unloaded at Chinese refineries.
“India has been a great partner through this. I did call up the Indians, as did Treasury Secretary (Scott) Bessent, and said there’s a whole bunch of oil floating, waiting to unload at Chinese refineries," Wright said.
“Instead of having it wait six weeks to unload there, let’s just pull that oil forward, have it land in Indian refineries and tamp this fear of shortage of oil, tamp the price spikes and the concerns we see in the marketplace," he added.
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Wright clarified that the move was a short-term, pragmatic step to stabilise global oil markets and did not signal any shift in Washington’s policy towards Moscow.
“It is not," he said when asked whether the Treasury Department’s 30-day waiver allowing Indian refiners to buy Russian oil undermined the Trump administration’s goal of isolating Russia. “It’s just a pragmatic effort that has a short time span. No change in policy towards Russia."
He added that “India is very clear on that".
Wright also said India has “displaced" Russian oil imports more broadly and is increasing purchases from the US, Venezuela and other suppliers.
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US Ambassador to the United Nations Mike Waltz defended the decision, describing it as a temporary and practical measure.
Source: World News in news18.com, World Latest News, World News
