Economic sanctions as political pressure tool have boomerang effect in modern world - Putin
23 May 2014, 16:08 -- Economic sanctions in the modern world will eventually reflect on the economies of the countries that initiated them, Russian President Vladimir Putin said. 'It's obvious that economic sanctions as a tool of political pressure have a boomerang effect in today's mutually dependent world and they will eventually reflect on the businesses and economies of the countries that initiated them,' Putin said at the St. Petersburg economic forum on Friday.
Putin said he understands very well the concerns of foreign businesses, which have invested billions of dollars in Russia and have successfully established operations there.
'Should successful businesses suffer losses and give their achievements and a huge market to competitors to accommodate bad policies?' Putin said. Putin reiterated that the logic of global political and economic development cannot be changed and that the world is multi-polar.
'Nations want self-determination, they want to maintain their cultural, historical, and civilization's identity,' Putin said.
Putin also said the planet's geo-economic map is changing, alternative economic growth centers are emerging, new integration associations are appearing, and there is a growing demand for collective leadership, in which decisions are made.
Russia tired of hearing West's 'this is none of your concern' in Ukraine discussions - Putin
Russian President Vladimir Putin said that Russia is tired of the way Western partners have been holding the discussions over Ukraine.
''This is none of your concern.' We are already tired of this form of holding a discussion - no discussion,' Putin said at the St. Petersburg International Economic Forum.
Putin blames EU for 'snobbery' for its response to Russia's proposal to hold consultations on European integration of Ukraine
Russian President Vladimir Putin has called the stance taken by the European Union in response to Russia's proposal to hold consultations on Ukraine's plans for association with the EU 'pure snobbery.'
'We suggested holding an absolutely civilized debate with us at least on these issues. What did they say? They said it's none of our business,' Putin said at a plenary session of the St. Petersburg economic forum.
'I don't want to offend anyone, but I have not seen such snobbery in a while. They just wouldn't talk to us, they said it's none of your business,' Putin said.
Russia will respect choice made by Ukrainians on May 25 - Putin
Russian President Vladimir Putin said Russia will respect the outcome of the presidential elections in Ukraine.
'We understand and see that people in Ukraine want the country to come out of this lengthy crisis… We also want the situation to become calmer [in Ukraine], we will respect the choice made by the people of Ukraine,' Putin said while answering questions at a plenary session held at the St. Petersburg economic forum, according to Interfax.
Moscow to be prepared to work with new Ukrainian gov't after presidential election - Putin
Moscow will be prepared to work with the Ukrainian authorities to be formed after the presidential election, Russian President Vladimir Putin said.
'We are already working with people in office and we will certainly be prepared to work with the new authorities after the election,' the chief of state emphasized in his speech at the St. Petersburg Economic Forum.
I hope all military action will stop in Ukraine after elections - Russian president
Russian President Vladimir Putin said he hopes that all military action will end in Ukraine after the presidential elections.
'I hope that all military action will be immediately suspended after the elections,' Putin said while answering questions at a plenary session held at the St. Petersburg economic forum. Putin reiterated that contacts with the current Kiev administration are complicated by the punitive operation conducted by them in southeastern Ukraine.
'Just imagine, we will talk, have meetings, and have peaceful conversations while tanks are shooting civilians there. They [the Kyiv administration] should do something about it,' Putin said.
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