Vladimir Putin Says Sanctions Could Have “Negative Impact” On Russia

Vladimir Putin Says Sanctions Could Have 'Negative Impact' On Russia

President Putin has repeatedly said that Russia is weathering the barrage of sanctions. (File)

Moscow:

President Vladimir Putin conceded Wednesday that sanctions imposed on Russia for its intervention in Ukraine could bring about “negative” consequences for the country, after insisting Moscow was adapting to the penalties.

“The sanctions imposed against the Russian economy in the medium term could really have a negative impact,” Vladimir Putin said in a televised meeting with the government.

Western capitals have imposed unprecedented sanctions on Moscow after President Putin launched his operation in Ukraine over a year ago.

President Putin has repeatedly said that Russia is weathering the barrage of economic sanctions, which in particular targeted its oil and gas exports.

The Russian leader said Wednesday that unemployment in the country “remains at an all-time low,” while inflation is expected to “drop below four percent” by the end of March after soaring in spring last year.

He added however that “the return to a growth trajectory should not make us feel relaxed.”

“We need to support and strengthen the positive trends in our economy, increase its efficiency, ensure technological, personnel and financial sovereignty,” he said.

President Putin called on the government to “act quickly and without unnecessary bureaucracy and delays”.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

For all the latest world News Click Here 

Read original article here

Denial of responsibility! TechAI is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.