' Imposing Sanctions on Russia Contradicts US Interests and Damages Bi-Lateral Trade '

#AceWorldNews – MOSCOW – July 17 – Imposing sanctions on Russia and blaming it for destabilizing Ukraine contradicts US national interests, President Putin said at the BRICS summit in Brazil, emphasizing that declared support of Ukrainians should not be limited to the country’s oligarchs.

READ MORE: US widens sanctions on Russia, EU takes time to think over

Speaking to the press following the BRICS summit in Brazil, Vladimir Putin was asked to comment on the new package of sanctions against Russia announced just minutes earlier by the US President.

“We aren’t the ones introducing sanctions, you should ask them,” Putin said.

“But as for sanctions, they usually have a boomerang effect, and without a doubt will force US-Russian relations into a corner,” he elaborated. “This is a serious blow to our relationship. And it undermines the long term security interests of the US State and its people.”

Putin said that it is “regrettable” that “our partners” have chosen to impose new sanctions, but Russia “will not close doors to negotiations.”

“We’re open to finding ways out of this situation,” Putin said. “I really hope that common sense and the willingness to resolve all issues through peaceful diplomatic means will prevail.”

#ANS2014 

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