Russian President Vladimir Putin has warned that the latest sanctions imposed by the United States were a gesture of “confrontation” but ultimately would do little to harm his nation’s economy.
Treasury Secretary Scott Bessent announced Wednesday that the U.S. was imposing major sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, saying they are being used to “fund the Kremlin’s war machine.”
Speaking to reporters in Moscow, Putin called the sanctions an “unfriendly act” and “serious,” noting they would likely drive up global oil prices but insisting they would not significantly damage Russia’s financial health.
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