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 Putin claims sanctions do harm to economy

Russian president Vladimir Putin says such notion as sanctions should be removed from the international economic lexicon.

Censor.NET reports citing Interfax.

Read more: Turchynov reacts to Russia's proposal on Crimea: We don't trade in territories

"Such tool as sanctions should be removed from the international economic lexicon and should not be used in the global economy," Putin said at a press conference after the summits of the SCO and the BRICS in Ufa, Russian Federation.

According to Putin, economic is "turned upside down" due to sanctions.

"We all have to live in normal, natural conditions and only in this case it is possible to ensure sustainable, stable and safe development," the Russian president stressed.

Read more: Dzhemilev urges Ankara to impose sanctions against Russia: "Nuclear weapons brought to Crimea will be directed to Turkey in the first place"

As reported earlier, in March 2014, the United States and the European Union introduced the first "personal" sanctions against Russian politicians involved in the occupation of Crimea. In April, the U.S. expanded sanctions list, adding the companies controlled by Gennadiy Timchenko, brothers Rotenberg and the Rossiya bank. In July, the United States first and, after the Malaysian Boeing tragedy, the European Union introduced first sectoral measures, denying Russian state banks access to financing for more than 90 days.

Read more: No impact from Russian sanctions on Canada; Moscow makes loud statements with no real actions, - Canada Ambassador to Ukraine

In August, European and American export restrictions for Russian fuel and energy complex took effect. In June 2015, the EU extended the anti-Russian sanctions until January 31, 2016.

Источник: https://censor.net.ua/en/n343391