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Putin Condemns Sanctions as Russia Deepens BRICS Economic Ties
Russia's president said his country is facing more than 30,000 sanctions.
He called some international trade actions unfair and ugly.
He said Russia is responding by working more closely with countries such as India and China.
Putin also said Russia's economy has grown faster than the world average during the past three years.
A United States bill could allow very high tariffs on countries that keep buying Russian oil and gas.
This could affect India's energy trade with Russia.
India says it wants dependable and affordable energy from many countries.
Russia says it is ready to keep supplying India with oil.
Vladimir Putin said Russia faces more than 30,000 sanctions, which he described as twice the total imposed on all other countries combined.
Speaking at the BRICS Business Forum in New Delhi, Putin condemned sanctions, trade restrictions, pipeline destruction and blocked transport corridors as state-level coercion.
Putin said Russia had strengthened its sovereignty, expanded ties with reliable partners and recorded economic growth above the world average over the past three years.
The United States Senate passed legislation authorizing tariffs of up to 100% on goods from countries that continue significant imports of Russian oil and gas.
India said its energy policy prioritizes reliable and affordable supplies from diversified sources, while Russia said it was ready to provide as much oil as India needs.
- Who
- Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Indian officials and Russian Ambassador Denis Alipov are central figures.
- What
- Putin criticized sanctions and other trade measures while discussing Russia's economic resilience and closer ties with BRICS partners.
- Where
- The remarks and meeting took place in New Delhi, India, at events connected with the BRICS Business Forum and summit.
- When
- Putin spoke on Friday; Modi and Putin met earlier that day before the 18th BRICS Summit, scheduled to formally open on Saturday.
- Why
- Putin said Russia was responding to extensive sanctions by reinforcing sovereignty and developing ties with reliable partners; India said it was protecting its energy-security needs.
Critics of Sanctions and Tariffs
Supporters or Implementers of Sanctions
Use of economic pressure
Critics of Sanctions and Tariffs
Vladimir Putin called sanctions, restrictions, blocked transport corridors and threats of secondary sanctions state-level coercion and ugly competition.
Supporters or Implementers of Sanctions
The reported United States legislation would impose additional pressure on Russia and authorize tariffs on countries that continue significant imports of Russian oil and gas; the articles do not provide a detailed statement of its supporters' reasoning.
India's energy choices
Critics of Sanctions and Tariffs
Denis Alipov said sanctions and tariffs were pressure tactics and argued that Russia could offer India as much oil as it needs.
Supporters or Implementers of Sanctions
India says its energy policy is based on national priorities and diversified sourcing, including energy from the United States and other global partners.
Russia's economic resilience
Critics of Sanctions and Tariffs
Putin said Russia had reinforced its sovereignty, deepened ties with reliable partners and achieved growth above the world average over the last three years.
Supporters or Implementers of Sanctions
The reported sanctions legislation proposes further measures against Russian officials, financial institutions, energy projects and entities linked to Russia's war effort.
Key facts
- Sanctions cited by Putin
- More than 30,000 against Russia, which he said was twice the number imposed on all other countries combined.
- Forum
- Leaders' Session of the BRICS Business Forum in New Delhi.
- Potential tariff authority
- A United States Senate bill would authorize tariffs of up to 100% on goods from countries continuing significant imports of Russian oil and gas.
- Senate vote
- The legislation passed by an 86-11 vote.
- India's energy position
- India says it prioritizes reliable, uninterrupted and affordable energy from diversified sources, including the United States.
- Russia-India oil ties
- Denis Alipov said Russia was ready to supply India with as much oil as it needs.
- India-Russia discussions
- Narendra Modi and Vladimir Putin discussed trade, infrastructure, energy, technology, defense and culture, including the Programme for Economic Cooperation 2030.
Quotes
Randhir Jaiswal
Spokesperson for India’s Ministry of External Affairs
“As you know very well, our position on energy security has been clarified and very well articulated on several occasions. It is something which is predicated on our national priorities and on securing the energy needs of our 1.4 billion people, our citizens, through diversified sources, which includes the United States.”
NDTV
republicworld.com
“We would be ready to supply as much oil as India needs. Unfortunately, those who impose sanctions and tariffs have taken the path of pressure tactics instead of honest cooperation, which prevents those countries from offering a better deal to India in oil than us.”
NDTV
republicworld.com
Sources
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