India, Oct. 3 -- Russian President Vladimir Putin has strongly backed India's decision to continue purchasing oil from Moscow, asserting that New Delhi's choices are guided by economic pragmatism rather than political pressure. Speaking at the Valdai Discussion Club in Sochi, Putin said India would face losses of $9-10 billion if it stopped importing Russian energy, with sanctions carrying equal costs.

He praised India's leadership, stressing that the country would not compromise under external pressure. "The people of India will never allow humiliation in front of anyone. I know Prime Minister Modi; he himself would never take such steps," Putin said, describing Modi as a "balanced, wise, and nationally oriented leader."

The remarks ca...