Speaking at Friday's meeting of his presidential Security Council, Putin said the West wants to punish Russia for its independent course.
The United States and the European Union have responded to Moscow's 2014 annexation of Ukraine's Crimean Peninsula and its support for pro-Russian insurgents in eastern Ukraine with sanctions that have restricted Russia's access to capital markets and banned transfers of military and energy technologies.
Putin pointed at the EU's decision last month to extend its sanctions through January and the US warnings of possible new penalties as a signal that "we shouldn't expect some of our geopolitical opponents to revise their unfriendly course in the foreseeable future.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
