Moscow, Russia – Russian President Vladimir Putin warned that attempts to exert economic pressure on sovereign states not only fail to achieve their objectives, but also have a negative impact on the countries imposing them, causing significant damage to local economies, businesses, and citizens in those countries.
During an official meeting today, Putin pointed out that economic sanctions often lead to disruptions in financial markets and exacerbate supply chain problems, stressing that these short-sighted policies could turn into a “sword hanging over their owners.”
The Russian president stressed that the world’s nations need to rely on dialogue and strategic trade cooperation, instead of engaging in an economic war that affects everyone.
This statement comes amid ongoing economic tensions between Russia and a number of Western countries, amid the imposition of packages of financial and trade sanctions targeting Moscow over various political and geopolitical issues.
Putin stressed that “governments that choose the path of economic pressure may find themselves in an unexpected predicament, as their companies and financial markets are affected before any other party,” calling for a balanced policy based on common interests and international understanding.
