India, Oct. 2 -- Russia's President Vladimir Putin on Thursday hit out at the US over its efforts to pressure India and China into cutting energy ties with Moscow, warning that such moves could backfire economically.

Putin said 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. US has imposed an additional 25% tariff on India, raising the total tax on Indian exports to 50% in August.

The Russian leader, who was addressing a forum of Russia experts, said "India and China will not allow to humiliate themselves".

Speaking on US calls for India to renounce Russian energy, Putin said, "If India refuses our energy supplies, it will suffer a c...