Trump responds to Putin’s bold statement on sanctions
24 October 02:41
US President Donald Trump has reacted sharply to Kremlin dictator Vladimir Putin’s comment that new powerful sanctions against key Russian oil corporations will not affect the Russian economy. The American leader said that the true effect of the restrictions would become apparent in a few months and hinted at their inevitability.
Donald Trump said this during a briefing at the White House, commenting on his decision to impose the first sanctions against major Russian oil companies in his administration.
The us strikes at the energy sector of russia
Donald Trump’s administration has announced the first sanctions in its new cadence against Russia’s largest oil companies, Rosneft and Lukoil, as well as dozens of their subsidiaries. These companies are key sources of revenue for the Russian budget, which finances the war against Ukraine.
U.S. Treasury Secretary Scott Bessent explained that the new restrictions are aimed at “cutting off the Kremlin’s financial flows,” and their reason is “Russia’s lack of real steps to end the war and participate in peace talks.”
Putin responded dismissively – Trump did not let it go unreacted to
The Russian president responded by saying that the sanctions are “serious” but “will not have a significant impact” on the Russian economy. Donald Trump responded with a hidden irony:
“I’m glad he thinks so. That’s a good thing. I’ll tell you about it in six months, okay? We’ll see, we’ll see how it all works out,” Trump said during a briefing at the White House.
In this way, he made it clear that he expects long-term consequences for Russia, including a reduction in its oil revenues and increased economic pressure.
Trump’s growing frustration with Kremlin policy
The decision to impose sanctions came amid growing tensions between Washington and Moscow. According to sources, Trump canceled a planned meeting with Putin in Budapest, saying he “does not intend to waste time on fruitless talks.”
“Every time we have a good conversation, but no real steps are taken,” the American president emphasized.
This step signals a change in the US administration’s approach – from diplomatic attempts to influence to real economic pressure.
What is the impact of sanctions?
The sanctions prohibit any cooperation with Russian oil companies for US citizens and companies, and cut Rosneft and Lukoil off from the US financial system. This significantly limits their ability to raise capital and make international payments.
The first effects are already being seen:
- chinese state-owned companies have begun to reduce their purchases of Russian oil;
- indian refineries have postponed some contracts;
- international banks warn of the risks of secondary sanctions.
Experts predict that the restrictions will begin to affect the Kremlin’s revenues within the next six months, which was confirmed by Donald Trump.
What it means for Russia
An increase in the budget deficit.
Decrease in foreign exchange earnings from oil exports.
Complication of trade even with “friendly” countries.
Increased domestic economic pressure.
What it means
The United States is increasing pressure on the Kremlin in response to Russia’s aggressive policy.
The White House is signaling that there will be no negotiations without concrete concessions from Moscow.
Oil sanctions can significantly affect the Russian economy, which is critically dependent on energy exports.
