US President Donald Trump has responded to Russian President Vladimir Putin’s claim that new American sanctions will not harm Russia’s economy, saying he would “see how it all works out" over time.

“I am glad he feels that way. I’ll let you know about it in six months from now," Trump remarked, hinting at a wait-and-see approach to the sanctions’ long-term impact.

The exchange came after Putin dismissed Washington’s latest economic measures as an attempt to pressure Moscow over its refusal to agree to a ceasefire in Ukraine. The sanctions target Russia’s two biggest oil producers, Rosneft and Lukoil, and are intended to “limit Russia’s ability to finance its aggression," according to the US Treasury Department.

Putin calls sanctions “pressure tactics"

Speaking in Moscow, President Puti

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