Putin Backs Modi, Calls Out U.S. Over Tariffs
Russian President Vladimir Putin on October 2, 2025, offered strong praise for India’s Prime Minister Narendra Modi, saying Modi is a “balanced and wise” leader and describing their relationship as trustworthy. He spoke at the Valdai Discussion Club in Sochi, where he sharply criticized U.S. efforts to pressure India over its oil trade with Russia.
Putin warned that India would not submit to humiliation under external pressure. He said the U.S. attempt to punish Indian exports by imposing higher tariffs could backfire by raising global prices and forcing the U.S. Federal Reserve to keep interest rates elevated — a move that could hurt the American economy.
Russia Seeks Trade Balance With India
Addressing the trade imbalance between the two nations, Putin said Russia may increase imports of Indian agricultural products and medicines to reduce the gap. He also noted that India views its purchases of Russian crude as an economic decision, not a political one.
U.S. Tariff Pressure On Indian Exports
The remarks come two months after U.S. President Donald Trump doubled tariffs on many Indian exports — from 25 % to 50 % — citing India’s continued purchase of Russian oil. The tariff hike has put pressure on sectors like textiles, jewelry, and chemicals, and economists warn it could shave up to 0.5 percentage point off India’s GDP.
India’s Export Response
Indian exporters have responded by looking for alternative markets in Asia, Africa, Latin America, and Europe. Many firms had earlier front-loaded shipments to the U.S. ahead of the tariff increase to mitigate losses.
Diplomatic Implications
Whether Putin’s remarks shift the diplomatic dynamics remains to be seen. India continues to balance its energy strategy, international relations, and economic interests amid a tense global trade environment.
