Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > India rejects as 'baseless' NATO chief's remarks about Modi-Putin talks
    Finance

    India rejects as 'baseless' NATO chief's remarks about Modi-Putin talks

    India rejects as 'baseless' NATO chief's remarks about Modi-Putin talks

    Published by Global Banking and Finance Review

    Posted on September 26, 2025

    Featured image for article about Finance

    By Shivam Patel

    NEW DELHI (Reuters) -India rejected as "incorrect and baseless" remarks by NATO's chief that suggested Indian Prime Minister Narendra Modi was contacting Russian President Vladimir Putin over the impact of punitive U.S. tariffs on its purchases of Russian oil.

    India's foreign ministry called the remarks speculative and said on Friday there was no such conversation.

    NATO Secretary General Mark Rutte, in an interview with CNN, had spoken about U.S. President Donald Trump's doubling of tariffs on Indian imports to 50% due to India's purchases of Russian oil.

    "This immediately impacts Russia because Delhi is now on the phone with Putin in Moscow, and Narendra Modi asks him, 'Hey, I support you, but could you explain to me the strategy because I have now been hit by 50% tariffs by the United States'," Rutte said in the interview published on Thursday.

    "The statement is factually incorrect and entirely baseless," Indian foreign ministry spokesperson Randhir Jaiswal told a regular briefing. "At no point has Prime Minister Modi spoken with President Putin in the manner suggested. No such conversation has taken place."

    In response to a request from Reuters, a NATO spokesperson said: "We have nothing further to add to what the NATO Secretary General said."

    India has taken advantage of discounts on Russian output to become the largest buyer of Russian seaborne crude since Moscow's 2022 invasion of Ukraine.

    U.S. President Donald Trump, who is seeking to broker an end to the Ukraine conflict, has said India's oil imports were helping fund Moscow's war effort.

    New Delhi has said its purchases of Russian oil have kept the markets in balance and has accused the West of double standards because the European Union and the U.S. still buy Russian goods worth billions of dollars.

    (Reporting by Shivam Patel in New Delhi; Editing by Alex Richardson)

    Related Posts
    Analysis-Consumer goods firms cut CEO tenures short in push for growth
    Analysis-Consumer goods firms cut CEO tenures short in push for growth
    BAE Systems halves stake in Kazakh carrier Air Astana
    BAE Systems halves stake in Kazakh carrier Air Astana
    Tesla ramps up battery cell investments at German gigafactory
    Tesla ramps up battery cell investments at German gigafactory
    Stellantis says EU proposals fall short on auto industry's energy transition needs
    Stellantis says EU proposals fall short on auto industry's energy transition needs
    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion
    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion
    US threatens countermeasures after EU fine on Musk's X
    US threatens countermeasures after EU fine on Musk's X
    EU drops 2035 combustion engine ban as global EV shift faces reset
    EU drops 2035 combustion engine ban as global EV shift faces reset
    Volkswagen welcomes EU move to drop combustion engine ban
    Volkswagen welcomes EU move to drop combustion engine ban
    Incoming Kraft Heinz CEO says he reserves right to improve split
    Incoming Kraft Heinz CEO says he reserves right to improve split
    FCAS fighter jet "very unlikely" after ministers' talks, source says
    FCAS fighter jet "very unlikely" after ministers' talks, source says
    Campari's parent company settles tax dispute with 405 million euro payment
    Campari's parent company settles tax dispute with 405 million euro payment
    Universal offers to sell Downtown's Curve to win EU approval, source says
    Universal offers to sell Downtown's Curve to win EU approval, source says

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Finance PostRussia's Afipsky refinery douses fire caused by drone debris
    Next Finance PostGermany's Merz criticises US' fundamental shift from following rules

    More from Finance

    Explore more articles in the Finance category

    Reactions to European Commission proposal to reverse 2035 combustion engine ban

    Reactions to European Commission proposal to reverse 2035 combustion engine ban

    Italy's offshore wind push languishes, putting climate goals at risk

    Italy's offshore wind push languishes, putting climate goals at risk

    New Rome metro stations showcase ancient treasures after years of delays

    New Rome metro stations showcase ancient treasures after years of delays

    Exclusive-California Pizza Kitchen reaches buyout deal, names new leadership

    Exclusive-California Pizza Kitchen reaches buyout deal, names new leadership

    Greeks protest against low wages ahead of 2026 budget vote

    Greeks protest against low wages ahead of 2026 budget vote

    AI boom seen lifting chipmaking equipment sales 9% to $126 billion in 2026

    AI boom seen lifting chipmaking equipment sales 9% to $126 billion in 2026

    New Czech government signals tough stance on migration, EU emissions rules

    New Czech government signals tough stance on migration, EU emissions rules

    Exclusive-Swiss firm Barry Callebaut eyes separating cocoa division amid price volatility, sources say

    Exclusive-Swiss firm Barry Callebaut eyes separating cocoa division amid price volatility, sources say

    Zaporizhzhia nuclear plant running on single power line, Russia says

    Zaporizhzhia nuclear plant running on single power line, Russia says

    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday

    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday

    Shell greenlights US Gulf waterflood project to boost oil recovery

    Shell greenlights US Gulf waterflood project to boost oil recovery

    Saudi firm Midad among frontrunners to buy Lukoil's global assets, sources say

    Saudi firm Midad among frontrunners to buy Lukoil's global assets, sources say

    View All Finance Posts