Vladimir Putin: "U.S. pressure on India and China will lead to energy price increases"

According to economic breaking-news channel Walter Bloomberg on the 2nd (local time), Russian President Vladimir Putin warned, regarding the U.S. demanding that India and China stop purchasing Russian energy, "If the United States imposes higher tariffs on Russia's trading partners, this will cause price increases worldwide."

Putin also said, "Price pressures could cause the U.S. Federal Reserve (Fed) to keep interest rates at high levels for a longer period."

This statement is interpreted as emphasizing that an expansion of U.S. sanctions on Russia could lead to global inflation and a prolonged period of monetary tightening.