📰 In a bold press briefing in Moscow on October 23, Russian President Vladimir Putin brushed off Washington's latest sanctions on oil giants Rosneft and Lukoil, labeling them an "unfriendly act".
Despite the tough talk from the White House, Putin insisted these measures won't significantly dent Russia's economy. He accused the U.S. of trying to apply pressure on Moscow, even as global oil supply tensions threaten to push prices higher.
Here's the scoop:
- Sanctions impact: Targeted at major players Rosneft and Lukoil
- Putin's stance: Economy remains solid, ready to absorb shocks
- Global ripple effect: Any squeeze on supply could spark oil price hikes 🛢️
Earlier the same day, U.S. President Donald Trump announced he would no longer meet his Russian counterpart in Budapest to discuss Ukraine, underscoring rising diplomatic tensions.
Why it matters: For markets and energy watchers, the showdown highlights how politics and oil are still closely linked. If global supply tightens, fuel prices at the pump could climb, affecting consumers everywhere—yes, even your next road trip. 🚗⛽
Stay tuned as this story unfolds and keep an eye on global oil updates. For now, Putin says Russia is ready to weather the storm. Storm or not, the oil saga continues…
Reference(s):
Putin: 'Unfriendly' new U.S. sanctions won't hurt Russia's economy
cgtn.com
