Kremlin: Russian economy develops immunity against Western sanctions

The Russian economy is successfully functioning in the environment of Western sanctions, Kremlin Spokesman Dmitry Peskov said, answering a question about preparations for anti-Russian sanctions announced by the U.S. to become effective in ten days.

"We are living for a rather long time under a huge quantity of sanctions; our economy is functioning. Certainly, we have already certain immunity built up in this regard," Peskov said.

U.S. President Donald Trump said earlier that the period of fifty days is allocated for reaching an agreement between Russia and Ukraine, and 100% trade tariffs will be imposed on Russia and its trade partners in case there is no deal. The U.S. leader said the day before that this period will be reduced to 10 days, starting from July 30.