Russian President Vladimir Putin has strongly backed India’s decision to continue purchasing oil from Moscow, asserting that New Delhi’s choices are guided by economic pragmatism rather than political pressure. Speaking at the Valdai Discussion Club in Sochi, Putin said India would face losses of $9–10 billion if it stopped importing Russian energy, with sanctions carrying equal costs.
He praised India’s leadership, stressing that the country would not compromise under external pressure. “The people of India will never allow humiliation in front of anyone. I know Prime Minister Modi; he himself would never take such steps,” Putin said, describing Modi as a “balanced, wise, and nationally oriented leader.”
The remarks came shortly after US President Donald Trump accused India and China of funding the Ukraine war by continuing Russian oil imports. In August, Trump imposed an additional 25 per cent tariff on Indian goods, raising total duty to 50 per cent in response to New Delhi’s stance.
Highlighting the deep-rooted diplomatic relationship between Russia and India, Putin said the two nations have shared trust since India’s independence. “We have never had any problems or interstate tensions with India. Never,” he emphasised.
Calling Modi a friend, Putin underlined their close and comfortable relationship while acknowledging the need to address trade imbalances. He suggested expanding imports of Indian agricultural goods, pharmaceuticals, and other products while tackling financing, logistics, and payment challenges.
With the special strategic partnership between India and Russia approaching its 15th anniversary, Putin reaffirmed the importance of strengthening bilateral cooperation and unlocking new opportunities.
