Moscow/IBNS, Oct. 3 -- Russian President Vladimir Putin has slammed the United States' effort to stop India from buying oil from Moscow by imposing tariffs, saying New Delhi "will never allow any humiliation", media reports said.

Putin made the remark at the plenary session of the Valdai Discussion Club in Sochi.

The Russian President said as quoted by NDTV, "There is no political aspect here... If India refuses our energy supplies, it will suffer certain losses. Estimates vary; some say it could be around $9-10 billion. But if it doesn't refuse, sanctions will be imposed, and the loss will be the same. So why refuse if it also carries domestic political costs?"

Calling India's Prime Minister Narendra Modi "balanced and wise leader", P...