Russian President Vladimir Putin on Thursday criticised US efforts to pressure India and China into cutting energy ties with Moscow, saying that New Delhi and Beijing will not allow to "humiliate" themselves. He warned that such moves could backfire economically.
Putin said that if higher tariffs are imposed on Russia's trade partners, it would drive up global prices and force the US Federal Reserve to keep interest rates high.
That, in turn, would slow down the U.S. economy, Putin told a forum of Russia experts.
Putin is likely to visit India around December 5-6 to hold annual summit talks with Prime Minister Narendra Modi that are expected to produce significant outcomes to further solidify bilateral strategic ties, people familiar with the matter said on Wednesday.
The Russian president had last visited New Delhi in 2021.
The two sides are also expected to hold a meeting under the framework of the India-Russia Inter-Governmental Commission on Military and Military-Technical Cooperation (IRIGC-M&MTC) before Putin's trip, the people cited above said.
At the India-Russia annual summit, Modi and Putin are expected to deliberate on further expanding the "Special and Privileged Strategic Partnership" between the two countries. There is no official word yet on dates for Putin's trip.
The focus of the talks could be to deepen cooperation in areas of defence and security, trade and energy, said one of the people cited above.
India and Russia have a mechanism under which India's prime minister and the Russian president hold a summit meeting annually to review the entire gamut of ties. So far, 22 annual summit meetings have taken place alternatively in India and Russia.
In July last year, PM Modi travelled to Moscow for the annual summit. Russia has been a time-tested partner for India, and the country has been a key pillar of New Delhi's foreign policy.
It is learnt that India may also look to procure additional batches of S-400 air defence missile systems from Russia after the weapons played a significant role during Operation Sindoor.
In October 2018, India had signed a USD 5 billion deal with Russia to buy five units of the S-400 air defence missile systems, despite a warning from the Trump administration that going ahead with the contract may invite US sanctions.
Russia already supplied three of the five S-400 regiments India ordered, with the remaining two expected to be delivered in 2026. The delivery schedule was delayed due to Russia's ongoing war with Ukraine.
A month back, Prime Minister Modi and President Putin held talks on the margins of the annual summit of the Shanghai Cooperation Organisation (SCO) in the Chinese city of Tianjin.
In the talks, the two sides vowed to strengthen their strategic ties. The Modi-Putin meeting took place days after the US doubled tariffs on Indian goods to a whopping 50 per cent, including a 25 per cent additional duty for India's purchase of Russian crude oil.
Defending its purchase of Russian crude oil, India has been maintaining that its energy procurement is driven by national interest and market dynamics.
In his televised opening remarks at the meeting, Modi told the Russian president that 140 crore Indians are eagerly waiting to welcome him in India in December.
"This is a reflection of the depth and scope of our Special and Privileged Strategic Partnership. India and Russia have always stood shoulder-to-shoulder even in the most difficult situations," he had said.
(With agency inputs)
Putin said that if higher tariffs are imposed on Russia's trade partners, it would drive up global prices and force the US Federal Reserve to keep interest rates high.
That, in turn, would slow down the U.S. economy, Putin told a forum of Russia experts.
Putin is likely to visit India around December 5-6 to hold annual summit talks with Prime Minister Narendra Modi that are expected to produce significant outcomes to further solidify bilateral strategic ties, people familiar with the matter said on Wednesday.
The Russian president had last visited New Delhi in 2021.
The two sides are also expected to hold a meeting under the framework of the India-Russia Inter-Governmental Commission on Military and Military-Technical Cooperation (IRIGC-M&MTC) before Putin's trip, the people cited above said.
At the India-Russia annual summit, Modi and Putin are expected to deliberate on further expanding the "Special and Privileged Strategic Partnership" between the two countries. There is no official word yet on dates for Putin's trip.
The focus of the talks could be to deepen cooperation in areas of defence and security, trade and energy, said one of the people cited above.
India and Russia have a mechanism under which India's prime minister and the Russian president hold a summit meeting annually to review the entire gamut of ties. So far, 22 annual summit meetings have taken place alternatively in India and Russia.
In July last year, PM Modi travelled to Moscow for the annual summit. Russia has been a time-tested partner for India, and the country has been a key pillar of New Delhi's foreign policy.
It is learnt that India may also look to procure additional batches of S-400 air defence missile systems from Russia after the weapons played a significant role during Operation Sindoor.
In October 2018, India had signed a USD 5 billion deal with Russia to buy five units of the S-400 air defence missile systems, despite a warning from the Trump administration that going ahead with the contract may invite US sanctions.
Russia already supplied three of the five S-400 regiments India ordered, with the remaining two expected to be delivered in 2026. The delivery schedule was delayed due to Russia's ongoing war with Ukraine.
A month back, Prime Minister Modi and President Putin held talks on the margins of the annual summit of the Shanghai Cooperation Organisation (SCO) in the Chinese city of Tianjin.
In the talks, the two sides vowed to strengthen their strategic ties. The Modi-Putin meeting took place days after the US doubled tariffs on Indian goods to a whopping 50 per cent, including a 25 per cent additional duty for India's purchase of Russian crude oil.
Defending its purchase of Russian crude oil, India has been maintaining that its energy procurement is driven by national interest and market dynamics.
In his televised opening remarks at the meeting, Modi told the Russian president that 140 crore Indians are eagerly waiting to welcome him in India in December.
"This is a reflection of the depth and scope of our Special and Privileged Strategic Partnership. India and Russia have always stood shoulder-to-shoulder even in the most difficult situations," he had said.
(With agency inputs)
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