US Treasury Secretary claims Europe is funding Russia's warHe stated Europe's reluctance to join US tariffs on India and purchase of refined oil products from India (made with Russian crude) indirectly funds Russia's war. "He went on to accuse European countries of indirectly funding Russia's war by purchasing refined fuel products derived from Russian crude oil. "The Russian oil goes into India, the refined products come out, and the Europeans buy the refined products," Bessent said. "We have put 25% tariffs on India for buying Russian oil. "And just to be clear again, the Russian oil goes into India, the refined products come out, and the Europeans buy the refined products.