Putin says India will never allow to be 'humiliated'

Russian President Vladimir Putin on Thursday criticized 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.