Russian President Vladimir Putin on Thursday criticized the Donald Trump administration, saying that he was pressurizing his business partner India to cut energy trade with Moscow. He warned that it would adversely affect Washington. Addressing the International Validai discussion forum of security and geopolitical experts from 140 countries, including India at the Black Sea Resort in Sochi, South Russia, Putin said that if more tariffs were made on Russia’s business partners, it will increase global energy prices and the US Federal Reserve would be forced to keep the interest rates high. He warned that this would slow down the US economy.
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The Russian President also expressed curiosity to his upcoming visit to India in early December. He directed the government to take measures to reduce trade imbalance with India due to heavy imports of crude oil by New Delhi. The Russian leader said that we never had any problem or inter -state tension with India. Never. Putin said that New Delhi has no reason to bow down to external pressure. India will never allow itself to be humiliated. He further said that Prime Minister Narendra Modi will never take any such step.
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He said that if India stops buying Russian energy, it is expected to cause loss between $ 9 billion and $ 10 billion. He said, believe me, people of a country like India will keep a close watch on the decisions taken by the political leadership and will not allow any kind of insult to anyone. Putin described Prime Minister Narendra Modi as his friend and said that he feels comfortable in a reliable conversation with him. I know Prime Minister Modi; He himself will never take any such step. Putin described it as meaningless from an economic perspective.
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Putin said that the damage caused to India due to the US punitive charges will be compensated by the import of crude oil from Russia, as well as the reputation as a sovereign nation. He said that Russia can buy more agricultural products and medicines from India to overcome trade imbalance. Putin said that more agricultural products can be purchased from India. Some steps can be taken from our side for medicinal products and pharmaceuticals.