International News: The United States has placed sanctions on Russia’s two biggest oil companies, Rosneft and Lukoil. In his first reaction, Russian President Vladimir Putin said the move is an struggle by Donald Trump’s government to pressure Moscow. He made it well-spoken that Russia will not requite in to outside demands, saying, “A self-respecting nation never acts under pressure.”
India May Face Challenges in Buying Russian Oil
After the U.S. sanctions on Russian oil companies, Russia’s sustentation is now on India. Buying Russian oil may no longer be easy for India. Most Indian oil imports from Russia come through these two companies. However, the U.S. President said that the goal of these sanctions is to cut off Russia’s oil revenue. The White House personal that without China, India has moreover started reducing its oil imports from Russia. Reports suggest that India may gradually cut its Russian oil purchases to stave stuff unauthentic by American sanctions.
Putin Warned Trump About Market Risks
Putin revealed that he had once warned U.S. President Donald Trump that such sanctions could destabilize global energy markets and raise oil prices, including in the United States. “We unmistakably stated that this will impact global oil prices, including those in America,” said Putin. Experts believe that Trump is now frustrated as the Ukraine war has not yet ended, plane though he promised to stop it within 24 hours of inward the White House. Recently, Trump moreover met Putin in Alaska to discuss ending the war, but the talks brought no result.
U.S. and Allies Tighten Pressure on Russia
The United States and its European allies have repeatedly asked Russia to stipulate to a armistice and have imposed some of the harshest sanctions on Moscow. Putin, however, accused the West of trying to “undermine” Russia’s sovereignty through these sanctions and by supplying weapons to Kyiv. Meanwhile, the U.S. Treasury Department said the sanctions aim to “limit Russia’s worthiness to fund its aggression.” Ukrainian President Volodymyr Zelensky welcomed the move, saying it would “weaken the Kremlin’s worthiness to wage war.” In response, Russia’s Foreign Ministry tabbed the sanctions “completely counterproductive” and insisted that they would not rationalization any serious harm to the Russian economy.
