Russian President Vladimir Putin on Thursday criticised US President Donald Trump\u2019s administration for pressuring India to cut back on energy trade with Moscow. Speaking at the Valdai Discussion Club in Sochi, Putin warned that such moves would raise global energy prices and hurt the US economy.<\/p>\n
He said if Washington continued with higher tariffs on Russia\u2019s trade partners, the cost of energy would rise further, forcing the US Federal Reserve to keep interest rates high, which would eventually slow down the American economy.<\/p>\n
During the forum, attended by experts from over 140 countries, including India, Putin praised New Delhi\u2019s independent stance. He announced plans to visit India in early December and instructed his government to find ways to reduce the trade imbalance caused by India\u2019s large crude oil imports.<\/p>\n
\u201cWe have never had any problems or tensions with India. Never,\u201d Russian President Vladimir Putin said, adding that Prime Minister Narendra Modi would not bow to outside pressure. \u201cIndia will never allow itself to be humiliated. If India stops buying Russian energy, it could lose between $9\u201310 billion.\u201d<\/p>\n
Calling PM Modi his \u201cfriend,\u201d Putin said he trusted India\u2019s leadership and called US pressure \u201cpointless\u201d from an economic point of view.<\/p>\n
To balance trade, Putin said Russia might increase imports of agricultural products and pharmaceuticals from India. \u201cMore agricultural goods and medicinal products can be purchased from India,\u201d he added.<\/p>\n
Putin also criticised Washington\u2019s double standards. While the US pressures India and others over Russian oil imports, it continues to rely on Moscow for other resources.<\/p>\n
\u201cThe United States is one of the largest users of nuclear energy and requires large amounts of fuel. Russia is the second-largest supplier of uranium to the American market,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Russian President Vladimir Putin on Thursday criticised US President Donald Trump\u2019s administration for pressuring India to cut back on energy trade with Moscow. Speaking at the Valdai Discussion Club in Sochi, Putin warned that such moves would raise global energy prices and hurt the US economy. He said if Washington continued with higher tariffs on […]<\/p>\n","protected":false},"author":1,"featured_media":15332,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[5,43,15],"tags":[],"class_list":{"0":"post-15331","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-international","8":"category-general","9":"category-politics"},"_links":{"self":[{"href":"https:\/\/starnewspunjabitv.com\/index.php?rest_route=\/wp\/v2\/posts\/15331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/starnewspunjabitv.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starnewspunjabitv.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starnewspunjabitv.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starnewspunjabitv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15331"}],"version-history":[{"count":2,"href":"https:\/\/starnewspunjabitv.com\/index.php?rest_route=\/wp\/v2\/posts\/15331\/revisions"}],"predecessor-version":[{"id":15334,"href":"https:\/\/starnewspunjabitv.com\/index.php?rest_route=\/wp\/v2\/posts\/15331\/revisions\/15334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starnewspunjabitv.com\/index.php?rest_route=\/wp\/v2\/media\/15332"}],"wp:attachment":[{"href":"https:\/\/starnewspunjabitv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starnewspunjabitv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starnewspunjabitv.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}