Business

Putin shrugs off damage from Western sanctions

By Vladimir Isachenkov
Published October 2, 2014 5:10pm ET
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Putin shrugs off damage from Western sanctions
Russian President Vladimir Putin applauds during an investment conference Russia Calling in Moscow on Thursday, Oct. 2, 2014. (AP Photo/Ivan Sekretarev) | Ivan Sekretarev

MOSCOW (AP) — Russian President Vladimir Putin on Thursday shrugged off the negative impact of Western sanctions, saying they will only encourage Russia to build closer ties with China, India and Latin America.

Speaking at an investment forum, Putin described the sanctions as “utter silliness” that hurt Western business and offered an opportunity for others to expand in the Russian market.

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Sanctions Vladimir Putin