Vladimir Putin has described Donald Trump’s sanctions towards two main oil corporations as an “unfriendly act”.
Nevertheless, the Russian president has insisted the tightened restrictions will not have an effect on the nation’s economic system, a declare broadly contradicted by most analysts.
In a serious coverage shift, Mr Trump imposed sanctions towards Rosneft and Lukoil – Russia’s largest oil firms – on Wednesday.
The White Home mentioned this was due to “Russia’s lack of serious commitment to a peace process to end the war in Ukraine”.
Putin has now warned the transfer might disrupt the worldwide oil markets, and result in greater costs for shoppers.
A gathering between the 2 leaders had been proposed in Budapest, however Mr Trump mentioned he had determined to cancel the talks as a result of “it didn’t feel right to me”.
Talking from the Oval Workplace, he instructed reporters: “I have good conversations. And then, they don’t go anywhere. They just don’t go anywhere.”
Giving a speech in Moscow, Putin mentioned “dialogue is always better than war” – however warned that Russia won’t ever bow to strain from overseas.
In different developments, Lithuania has claimed that two Russian navy plane briefly entered its airspace on Thursday.
A Su-30 fighter and Il-78 refuelling tanker have been within the NATO member’s territory for 18 seconds, and Spanish jets have been scrambled in response to the incident.
