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Putin: US tariffs on Russia's trade partners could backfire economically
Published by Global Banking & Finance Review®
Posted on October 2, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 2, 2025
1 min readLast updated: January 21, 2026
Putin warns US tariffs on Russia's partners may harm the global economy, potentially affecting US interest rates and economic growth.
SOCHI, Russia (Reuters) -Russian President Vladimir Putin on Thursday criticized U.S. efforts to pressure India and China into cutting energy ties with Moscow, warning 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 U.S. Federal Reserve to keep interest rates high.
That, in turn, would slow down the U.S. economy, Putin told a forum of Russia experts.
(Reporting by Vladimir Soldatkin Wrikting by Maxim RodionovEditing by Mark Trevelyan)
Monetary policy refers to the actions taken by a country's central bank to control the money supply and interest rates to achieve macroeconomic objectives such as controlling inflation, consumption, growth, and liquidity.
Interest rates are the cost of borrowing money or the return on savings, expressed as a percentage of the principal amount. They are influenced by central bank policies and economic conditions.
Economic growth is the increase in the production of goods and services in an economy over a period of time, typically measured by the rise in Gross Domestic Product (GDP).
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