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Putin: sanctions cause not only damage, but also have pluses for Russia

November 15, 2014, 16:40 UTC+3

The restrictions imposed on some Russian companies have induced us to produce these goods, he said

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© ITAR-TASS/Evgeny Kurskov

MOSCOW, November 15. /TASS/. Sanctions cause some losses to Russia, but they also have some advantages, Russian President Vladimir Putin said in an interview with German TV channel ARD.

“Can we estimate the losses that these sanctions have caused Russia? It is rather difficult. To some extent, these are virtual losses. Although we have really sustained losses, it is true. However, there are some advantages as well: the restrictions imposed on some Russian companies on purchasing certain goods from Western countries, from Europe and the United States, have induced us to produce these goods ourselves,” Putin noted.

“By the way, according to the European Commission data, the losses from Russia’s counter-measures aimed at protecting our economy are estimated as 5-6 billion euro,” the Russian president said.

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