MOSCOW (AP) — President Vladimir Putin on Thursday lamented the latest round of U.S. sanctions against Russia, saying they will stalemate bilateral relations and hurt not only Russian but also American businesses.

Russia’s benchmark MICEX was down 2.9 percent in late afternoon trading Thursday upon news of the sanctions while Russia’s biggest oil company, Rosneft, was nearly 5 percent down and second-largest oil producer was trading 9 percent lower.

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