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US sanctions unlikely to hit Russia’s economy significantly

Russian President Vladimir Putin on Thursday said that the latest US sanctions targeting Russian oil companies are unlikely to have a significant impact on the country’s economy.

Describing the measures as “an attempt to put pressure on Russia” and “unfriendly,” Putin added that they do nothing to improve Russia-US relations.

Responding to US President Donald Trump’s Wednesday remarks about canceling a planned meeting with him, Putin said Russia has consistently supported ongoing dialogue. He also cautioned that approaching a Russia-US summit without proper preparation would be a mistake.

The US Treasury Department announced sanctions on Russia’s two largest oil producers, Rosneft and Lukoil, aiming to pressure Moscow into agreeing to an immediate ceasefire in Ukraine.

Courtesy: Daily Observer Online

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