President Vladimir Putin said on Thursday that Moscow would never bow to pressure from the United States or any other foreign power, and cautioned that it would deliver an “overwhelming” response to any military strikes deep inside Russia.

U.S. President Donald Trump on Wednesday hit Russia’s two biggest oil companies with sanctions in a sharp policy shift on Moscow’s war in Ukraine , prompting global oil prices to rise by nearly 5% on Thursday and India to consider cutting Russian imports.

Putin on US sanctions on Russia

Putin told reporters that U.S. and Western sanctions were an “unfriendly” act and “will have certain consequences, but they will not significantly affect our economic well-being”. Russia’s energy sector feels confident, he said.

“This is, of course, an attempt t

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