Censor.NET reports citing Interfax.
"Such tool as sanctions should be removed from the international economic lexicon and should not be used in the global economy," Putin said at a press conference after the summits of the SCO and the BRICS in Ufa, Russian Federation.
According to Putin, economic is "turned upside down" due to sanctions.
"We all have to live in normal, natural conditions and only in this case it is possible to ensure sustainable, stable and safe development," the Russian president stressed.
As reported earlier, in March 2014, the United States and the European Union introduced the first "personal" sanctions against Russian politicians involved in the occupation of Crimea. In April, the U.S. expanded sanctions list, adding the companies controlled by Gennadiy Timchenko, brothers Rotenberg and the Rossiya bank. In July, the United States first and, after the Malaysian Boeing tragedy, the European Union introduced first sectoral measures, denying Russian state banks access to financing for more than 90 days.
In August, European and American export restrictions for Russian fuel and energy complex took effect. In June 2015, the EU extended the anti-Russian sanctions until January 31, 2016.