"Russia will sell just fewer gallons of oil, but at the higher price," Kirill Dmitriev said. (Wikimedia Commons Photo)

Russian President Vladimir Putin’s special envoy for investment and economic cooperation, Kirill Dmitriev, said the latest US sanctions on Russian oil companies will not significantly affect the Russian economy. Speaking to Fox News during his visit to Washington , Dmitriev said global oil prices would likely offset the effect of reduced sales.

“We do not believe that these sanctions will have significant impact on the Russian economy, because oil prices in the world will rise and Russia will sell just fewer gallons of oil, but at the higher price,” he said, according to Reuters .

In a separate interview with CNN , Dmitriev said he believed Russia, the United

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