Russia says it will continue oil and gas projects despite US sanctions

Russia's Foreign Ministry on Saturday denounced new U.S. sanctions against Moscow's energy sector as an attempt to harm Russia's economy at the risk of destabilizing global markets and said the country would press on with large oil and gas projects.

A ministry statement also said that Russia would respond to Washington's "hostile" actions, announced on Friday, while drawing up its foreign policy strategy.

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The statement said the measures amounted to "an attempt to inflict at least some damage to the Russian economy, even at the ...