Putin: Ukraine sanctions 'damaging but not critical'

Russian President Vladimir Putin has said that sanctions imposed against Moscow for its annexation of Crimea were hurting the economy, but the damage was unlikely to be critical.

Russian President Vladimir Putin has said sanctions imposed following Crimea's annexation are not critical
Russian President Vladimir Putin has said sanctions imposed following Crimea's annexation are not critical Credit: Utrecht Robin/ABACA/Press Association Images

Mr Putin said: "Overall they are causing [damage], because [credit] ratings are being reviewed, loans could become more expensive and so forth. But this is of no critical character,"

Read: US votes to supply aid to Ukraine and sanction Russia

He condemned the use of the sanctions as an instrument of interstate policy, saying they damage the global economy and are "dishonourable on the part of those who use those types of tools".

Read: Putin warns Ukraine against using army on population

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