Putin warns that he will never bow to US pressure
Rosneft and Lukoil account for about half of Russia's total crude oil exports. The UK also imposed sanctions on the two companies last week. The sanctions, imposed by Washington on Wednesday, are the first major sanctions on Moscow since Donald Trump returned to the White House for a second term in January. They are aimed at cutting off oil revenues, a key source of funding for Russia's war in Ukraine.
Russia's state-owned oil
Washington hopes the sanctions, which have pushed up global oil prices by up to 5 percent, will put pressure on Putin to return to talks on the Ukraine war.
On Thursday, Putin called the new sanctions “an unfriendly step that will do nothing to strengthen Russian-US relations.” He said they were a failed attempt to put pressure on Russia.
“No self-respecting country ever gives in to pressure,” Putin told Russian journalists.
Washington hopes the sanctions, which have pushed up global oil prices by up to 5 percent, will put pressure on Putin to return to talks on the Ukraine war.
On Thursday, Putin called the new sanctions “an unfriendly step that will do nothing to strengthen Russian-US relations.” He said they were a failed attempt to put pressure on Russia.
“No self-respecting country ever gives in to
Yesterday, there were indications that China and India, two of Russia's main oil buyers, are suspending fuel imports from the country in response to Washington's new sanctions. pressure,” Putin told Russian journalists.
