Putin says he's confident in the Russian economy despite sanctions
Al Jazeera · Recent
Al Jazeera
Recent
Russian President Vladimir Putin says he’s confident new U.S. sanctions won’t affect the economy. The restrictions are an attempt to pressure Moscow to commit to a peace process to end the war in Ukraine.
Breakdown
- The US has imposed major sanctions on Russian oil companies Lukoil and Rosneft. 20s
- Sanctioned companies must wind down operations outside Russia within a month. 45s
- Analysts believe the sanctions will raise costs but not significantly harm Russia's economy. 55s
- India and China are reducing or suspending imports of Russian oil. 1m 17s
- Putin remains confident in the Russian economy and calls the sanctions counterproductive. 1m 46s