VIENNA (AP) — Russian President Vladimir Putin says Western sanctions against Russia haven’t worked and both Moscow and the West would benefit from lifting them.
Putin, speaking on a visit to Austria on Tuesday, said the restrictions are “harmful for everyone — those who initiated them and those who are targeted by them.”
The United States, the European Union and other Western allies introduced a slew of sanctions against Moscow over its 2014 annexation of Ukraine’s Crimean Peninsula and for its support for separatists in eastern Ukraine.
Coupled with a drop in oil prices, the sanctions contributed to Russia’s two-year recession.
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The Russian economy has rebounded, however, and Putin emphasized that lifting the sanctions would answer common interests. He said both Russia and the EU would benefit from resuming full-scale cooperation.