"US President Donald Trump imposed sanctions on Russia's top oil firms, Rosneft and Lukoil, on Wednesday in an effort to pressure Putin to reach a ceasefire in his country's invasion of Ukraine. Trump's sanctions carried the threat of risks to foreign financial institutions that do business with these firms a warning that could make it harder for countries like India to continue to buy oil from Moscow."
"The European Union adopted a new round of sweeping sanctions against Russian energy exports on Thursday, as well, banning liquefied natural gas imports. They are serious for us, of course, that is clear. And they will have certain consequences, but they will not significantly impact our economic wellbeing, Putin said. 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."
The United States imposed sanctions on Russia's largest oil companies, Rosneft and Lukoil, threatening risks for foreign financial institutions that deal with them and potentially complicating oil purchases by countries like India. The European Union enacted new sanctions that ban liquefied natural gas imports. Vladimir Putin acknowledged the sanctions as serious but said they would not significantly harm Russia's economic wellbeing and vowed not to give in to pressure. Putin has called for Ukraine's complete disarmament and for Russia to retain seized territory, a stance that remains non-negotiable for Ukraine and unresolved by US mediation efforts.
Read at www.aljazeera.com
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