Putin: Russia considers the sanctions instrument of unfair competition

Putin: Russia considers the sanctions instrument of unfair competition


When economic instruments are used to achieve and competitive advantages in the economy, and political goals, it is very harmful for all, says President of Russia.

MOSCOW, 13 Oct. Moscow is considering unilateral sanctions such as imposed against the Russian Federation primarily as a tool of unfair competition, encourages to evade sanctions practice in international relations, said the President of the Russian Federation Vladimir Putin.

“The issues related to the restriction and destruction of the system through sanctions by us primarily as an instrument of unfair competition. I believe that this could be bad for everyone… It’s just a manifestation of the negative consequences of this way of doing business in the international arena,” — said Putin, speaking at the forum “Russia calling!”.

“We here in Russia, it seemed that the economic policies formulated in the framework of the WTO, the immutable, the policy should not be linked. It turned out that it is not. It turned out that these economic tools are used to achieve and competitive advantages in the economy, and for political purposes. I believe it is very harmful to all, and need money and somewhere to arrange that in future such a practice was not completely”, — said the President of Russia.