Moscow: Russian President Vladimir Putin has dismissed the latest US sanctions targeting the country's oil giants, Rosneft and Lukoil, as an unfriendly act. Putin, however, noted that the act won't impact Russia's economic well-being. The sanctions on the two Russian oil companies, imposed by US President Donald Trump, are the first of their kind since Trump began his second term earlier this year.

Russian President Putin asserted that while the sanctions are serious and will have consequences, Russia's economy is resilient and won't be majorly affected. "They (the US sanctions) are serious for us, of course, that is clear. And they will have certain consequences, but they will not significantly impact our economic well-being," Putin told reporters.

He warned that the sanctions may hamp

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