Russian President Vladimir Putin on Thursday (October 3) described the latest US sanctions targeting Russia's two largest oil companies as "serious," but said they were "not enough" to significantly harm the country’s economy.
“They (sanctions) are serious for us, of course, that is clear. And they will have certain consequences, but they will not significantly impact our economic well-being,” Putin told reporters, expressing confidence in Russia's energy sector.
“This is, of course, an attempt to put pressure on Russia. But no self-respecting country and no self-respecting people ever decides anything under pressure,” Putin said, calling the sanctions an "unfriendly act" that "does not strengthen Russia-US relations, which have only just begun to recover."
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