Russian President Vladimir Putin on Thursday slammed the US’s move to pressure India and China into cutting back energy cooperation with Moscow, warning that such actions would harm the global economy and backfire on Washington.

Speaking at the Valdai Discussion Group in the Black Sea resort of Sochi, Putin warned that if higher tariffs were imposed on Russia’s trade partners, it would drive up global energy prices and force the US Federal Reserve to keep interest rates high which would slow down the US economy, India Today reported.

“India will never allow itself to be humiliated," Putin said, adding that Prime Minister Narendra Modi would never take such as step.

India Today quoted the Russian President as saying that if India stopped buying Russian energy, it would face losses estima

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