Russia’s Putin: Russia wants to continue dialogue toward peace

• Budapest was proposed by the US.
• Summit needs to be prepared.
• Wants to continue dialogue with the US.
• Most likely Trump meant that summit is postponed.
• Dialogue is always better than war.
• New sanctions won’t affect Russian economy.
• New US sanctions is an attempt to put pressure on Russia. No self-respecting country ever does anything under pressure.
• Sanctions are an unfriendly act that does not strengthen Russian – American relations.
• Russia and Saudi Arabia sell more oil than they consume, unlike the US.
• Russia’s contribution to the global energy bounce is very significant.
• Replacing Russian oil on the global market will take time.
• A sharp decline in the amount of Russian oil on the market will lead to price increases.
• He discussed with Trump the impact of situation with Russian oil supplies on global prices, including US.
• Russian and US have many areas for cooperation.
• Strikes deep into Russia will be escalation.
• Russia’s reply will be serious

Recall that US purchased oil for the strategic petroleum reserve. The US energy secretary commented that was a good time to buy the oil. Later, the US announced he sanctions on Russian oil subsidiaries, leading to a move higher in the price of oil.

This article was written by Greg Michalowski at investinglive.com.