News / Europe

    Putin: Russia Sanctions Counterproductive

    Russian President Vladimir Putin disparages sanctions while at the International Economic Forum in St. Petersburg, Russia, on May 24, 2014.
    Russian President Vladimir Putin disparages sanctions while at the International Economic Forum in St. Petersburg, Russia, on May 24, 2014.
    VOA News
    Russian President Vladimir Putin said Saturday that sanctions imposed on his country over its involvement in Ukraine were counterproductive and did not correspond to international law.
     
    Speaking to a group of Western journalists at the St. Petersburg International Economic Forum, Putin criticized the West, saying support for an "unconstitutional coup" interrupted a constructive dialogue over Ukraine.
     
    Those who instigated the "coup" in Ukraine should have thought more carefully about the consequences of their actions, he said.

    Western nations have threatened to toughen sanctions if Russia interferes with Sunday's national elections in Ukraine. Russia's natural gas and oil industries could be targeted, for instance.
     
    The U.S. and its European allies first imposed sanctions after Russian lawmakers voted to annex Ukraine’s Crimean peninsula in early March. In early May, U.S. Secretary of State Victoria Nuland said at a congressional hearing that sanctions — focused on people in Putin's inner circle — had affected Russia’s economy, depressing its stock market and its currency’s value. Some members of Congress disagreed that sanctions were making sufficient impact.
     
    On Friday, after Putin pledged to forum members that he would respect the outcome of the elections and work with the new government, Russia’s stock index and currency rallied.
     
    In Moscow, the MICEX stock index rose 0.6 percent, the Associated Press reported. It also said Russia’s currency, the ruble, ticked up 0.5 percent against the dollar. Trading at 34.1 rubles, it’s the currency’s best performance since Crimea's annexation, the AP said.

    Some information for this report comes from AP and Reuters.

    You May Like

    Video London’s Financial Crown at Risk as Rivals Eye Brexit Opportunities

    City could lose its right to sell services tariff-free across the bloc, risking its position as Europe’s financial headquarters

    Turkey Aims New Crackdown at Journalists, Academics, Airline Workers

    Ankara continues targeting people allegedly linked to exiled cleric, who it says led the failed military coup

    Pakistan Ready to Inaugurate Rebuilt Afghan Border Crossing

    Construction of Torkham Gate triggered deadly clashes between Pakistani and Afghan military forces

    This forum has been closed.
    Comment Sorting
    Comments page of 2
        Next 
    by: Frank Capra from: Ekaterinburg RU
    May 26, 2014 11:55 AM
    Counter-productive sanctions? Only to the richest mass murderer in Russia and his ability to amass more billions at the expense of his enslaved and oppressed peoples.

    by: Anonymous
    May 25, 2014 5:39 PM
    Putin's Vetoing for the International Criminal Court for investigations into mass murders, and war crimes in Syria are far more counterproductive than anything. He should smarten up instead of aiding and allowing criminal activity implemented by bashar al assad whom should of been arrested years ago for atrocities and many other crimes. This example shows the world Putin is a disgrace to all mankind.

    by: Anonymous
    May 25, 2014 2:44 AM
    We must stop purchasing Russia's gas and oil!!! We must not contribute to the war!

    by: Anonymous
    May 24, 2014 10:11 PM
    It doesn't matter if you are a next door country or across the globe. It is up to that country to decide its own fate by the peoples decision, putin has no business sticking his nose there.
    In Response

    by: Anonymous
    May 25, 2014 5:43 PM
    nah it is nobodies business but Ukraine. USA has just as much business defending Ukrainians for a democratic election as Russia does. Doesn't matter if you are next door or around the world. Respecting Ukraine's people is number one here... Russia had no business trying to steal Crimea or chop it up either. It will never be recognized by anyone in the world. Putin has always done idiotic provocative acts, which only digs him deeper, hopefully the Russian people overthrow Putin someday soon. Although Putn would likely do the same thing as assad has done, label all opposition or anyone who dislikes him, as terrorists, which makes them think they can kill everyone.
    In Response

    by: mpaulson from: Denver
    May 24, 2014 10:53 PM
    Russia has every right to be involved in the Ukraine crisis. Given both the history of the two countries and the fact that it can and has had an impact on Russia already. The US has no right to be involved in this. It's yet another example of the US gov Taking advantage of a bad situation and trying to buy a government. Just like Iraq, Libya and Syria.

    by: amb137 from: Palo Alto
    May 24, 2014 9:34 PM
    Bloomberg said buy Russian shares depressed by this UA kerrymongering. They were right on the money with the same call when Russia kicked out Georgian 'liberators' from Ossetia, and they are right on the money this time around too. Check RSX.

    by: Anonymous
    May 24, 2014 9:02 PM
    No need to blame Putin because he is not the worst President and when it comes to Ukraine, he has most rights than any country on earth to act against and protect both Russia and Ukraine interests.

    by: Pat from: Panama city fl
    May 24, 2014 7:05 PM
    Sorry Mr. Putin. But accourding to NATO thats the way wars will be fought from now on. We all live on the same unique planet, which may be the only home we all may ever have. There really is no need for weapons any more. Bank accounts emptied can hurt even more so than bullets & bombs. Remenber we are all brothers & sisters and we do this because we love you and your people. God bless.

    by: Robert Webb from: Oklahoma City
    May 24, 2014 6:28 PM
    We, the people of America, as well as our own government need to tend to our own affairs. Too many Americans and others have died mixing into the affairs of others who never appreciate the well intended help. Never in the long term anyway.

    by: Guylischnittel
    May 24, 2014 6:22 PM
    You know what really doesn't correspond to international law?

    Sending in para-military Cossacks as a vanguard for an invasion force, holding sham elections, and annexing bits of foreign countries.

    by: Craig from: Monterey, CA
    May 24, 2014 6:16 PM
    If the tactics of sanction are so ineffectual, why mention them? You're a liar, Mr. Putin. This not only stings- it reduces your control by demonstrating your vulnerability to forces of social justice you would prefer to regard as beneath you. Why not just bring your Spetznaz back home and allow the elections to move forwards without (further) interference?
    Comments page of 2
        Next 

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    London’s Financial Crown at Risk as Rivals Eye Brexit Opportunitiesi
    X
    VOA News
    July 25, 2016 5:09 PM
    By most measures, London rivals New York as the only true global financial center. But Britain’s vote to leave the European Union – so-called ‘Brexit’ – means the city could lose its right to sell services tariff-free across the bloc, risking its position as Europe’s financial headquarters. Already some banks have said they may shift operations to the mainland. Henry Ridgwell reports from London.
    Video

    Video London’s Financial Crown at Risk as Rivals Eye Brexit Opportunities

    By most measures, London rivals New York as the only true global financial center. But Britain’s vote to leave the European Union – so-called ‘Brexit’ – means the city could lose its right to sell services tariff-free across the bloc, risking its position as Europe’s financial headquarters. Already some banks have said they may shift operations to the mainland. Henry Ridgwell reports from London.
    Video

    Video Recycling Lifeline for Lebanon’s Last Glassblowers

    In a small Lebanese coastal town, one family is preserving a craft that stretches back millennia. The art of glass blowing was developed by Phoenicians in the region, and the Khalifehs say they are the only ones keeping the skill alive in Lebanon. But despite teaming up with an eco-entrepreneur and receiving an unexpected boost from the country’s recent trash crisis the future remains uncertain. John Owens reports from Sarafand.
    Video

    Video Migrants Continue to Risk Lives Crossing US Border from Mexico

    In his speech Thursday before the Republican National Convention, the party’s presidential candidate, Donald Trump, reiterated his proposal to build a wall along the U.S.-Mexico border if elected. Polls show a large percentage of Americans support better control of the nation's southwestern border, but as VOA’s Greg Flakus reports from the border town of Nogales in the Mexican state of Sonora, the situation faced by people trying to cross the border is already daunting.
    Video

    Video In State of Emergency, Turkey’s Erdogan Focuses on Spiritual Movement

    The state of emergency that Turkish President Recep Tayyip Erdogan has declared is giving him even more power to expand a purge that has seen an estimated 60,000 people either arrested or suspended from their jobs. VOA Europe correspondent Luis Ramirez reports from Istanbul.
    Video

    Video Calm the Waters: US Doubles Down Diplomatic Efforts in ASEAN Meetings

    The United States is redoubling diplomatic efforts and looking to upcoming regional meetings to calm the waters after an international tribunal invalidated the legal basis of Beijing's extensive claims in the South China Sea. VOA State Department correspondent Nike Ching has the story.
    Video

    Video Four Brother Goats Arrive in Brooklyn on a Mission

    While it's unusual to see farm animals in cities, it's become familiar for residents of Brooklyn, New York, to see a little herd of goats. Unlike gas-powered mowing equipment, goats remove invasive weeds quietly and without adding more pollution to the air. As Faiza Elmasry tells us, this is a pilot program and if it proves to be successful, the goat gardener program will be extended to other areas of New York. Faith Lapidus narrates.
    Video

    Video Scientists in Poland Race to Save Honeybees

    Honeybees are in danger worldwide. Causes of what's known as colony collapse disorder range from pesticides and loss of habitat to infections. But scientists in Poland say they are on track to finding a cure for one of the diseases. VOA’s George Putic reports.
    Video

    Video Wall Already Runs Along Parts of US-Mexico Border

    The Republican Party’s presidential nominee, Donald Trump, gained the support of many voters by saying he would build a wall to keep undocumented immigrants and drugs from coming across the border from Mexico. Critics have called his idea impractical and offensive to Mexico, while supporters say such a bold approach is needed to control the border. VOA’s Greg Flakus has more from the border town of Nogales, Arizona.
    Video

    Video New HIV Tests Emphasize Rapid Results

    As the global fight against AIDS intensifies, activists have placed increasing importance on getting people to know their HIV status. Some companies are developing new HIV testing methods designed to be quick, easy and accurate. Thuso Khumalo looks at the latest methods, presented at the International AIDS conference in Durban, South Africa.
    Video

    Video African Youth with HIV Urge More Support

    HIV, the virus that causes AIDS, is the top killer of teens in sub-Saharan Africa. But many youths say their experience with the virus is unique and needs to be addressed differently than the adult epidemic. VOA South African Correspondent Anita Powell reports.
    Video

    Video Pop-Up Art Comes to Your Living Room, Backyard and Elsewhere

    Around the world, independent artists and musicians wrestle with a common problem: where to exhibit or perform? Traditional spaces such as museums and galleries are reserved for bigger names, and renting a space is not feasible for many. Enter ArtsUp, which connects artists with venue owners. Whether it’s a living room, restaurant, office or even a boat, pop-up events are bringing music and art to unexpected places. Tina Trinh has more.
    Video

    Video Scotland’s Booming Whisky Industry Fears Brexit Hangover

    After Britain’s vote to leave the European Union, Scotland’s government wants to break away from the United Kingdom – fearing the nation’s exports are at risk. Among the biggest of these is whisky. Henry Ridgwell reports on a time of turmoil for those involved in the ancient art of distilling Scotland’s most famous product.

    Special Report

    Adrift The Invisible African Diaspora