U.S. sanctions on Russian oil companies will not have significant impact on economy, Putin envoy says

Kirill Dmitriev, Russian President Vladimir Putin’s special envoy for investment and economic cooperation, said on Friday (October 24, 2025) he does not believe that recently imposed U.S. sanctions on Russian oil companies will have a significant impact on the Russian economy.

Mr. Dmitriev made the comments on Fox News’ “Special Report” program during a visit to Washington for talks with U.S. officials.

“We do not believe that these sanctions will have significant impact on the Russian economy, because oil prices in the world will rise and Russia will sell just fewer gallons of oil, but at the higher price,” he said