Putin shrugs off latest US penalties as allies weigh pariah status

The Russian president shrugged off the most punitive US sanctions so far over the unrest in Ukraine, even as some close allies fretted publicly over the risk of isolation.

17th July, 2014
Russian President Vladimir Putin

Russian President Vladimir Putin shrugged off the most punitive US sanctions so far over the unrest in Ukraine, even as some of his closest allies fretted publicly over the risk of isolation from the global economy.

Russian stocks fell to a six-week low and the ruble weakened the most against the dollar in four months after the US curbed financing options for some of the country’s largest corporations, including oil company OAO Rosneft, gas producer...

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