Now, with respect to the tariffs, the 25% tariffs on India's buying oil from Russia, this is an incredible situation. Every one of you, when you report this story, should report the following fact. This is the first fact. India, for all practical purposes, did not buy any oil to speak of from Russia before Russia invaded Ukraine in February 2022. How many of you knew that? Probably not many. The way this oil trade worked is once Russia and invaded and they were figuring out ways around to sell their oil, Russian refiners went to refiners in India, got in bed with them. (12:16–12:26)
CLAIM
Asserts that India did not significantly purchase Russian oil before February 2022.
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