Russia’s President Vladimir Putin delivers a speech during the Valdai Discussion Club annual international conference in Sochi, Russia, October 2, 2025. Sputnik/Mikhail Metzel/Pool via REUTERS ATTENTION EDITORS – THIS IMAGE WAS PROVIDED BY A THIRD PARTY. Purchase Licensing Rights , opens new tab

SOCHI, Russia, Oct 2 (Reuters) – Russian President Vladimir Putin on Thursday criticized U.S. efforts to pressure India and China into cutting energy ties with Moscow, warning 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 U.S. Federal Reserve to keep interest rates high.

That, in turn, would slow down the U.S. economy, Putin told a forum of Russia experts.

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