Putin explained the introduction of counter-sanctions as a benefit for Russia • Meduza • RIMA

Putin explained the introduction of counter-sanctions as a benefit for Russia

Russian President Vladimir Putin at a press conference in Goa said that the introduction of counter-sanctions that limited the import of food from Western countries was beneficial to Russia.

“We did it where it was beneficial for us to do it,” he said, adding that Russia does not plan to introduce new counter-sanctions.

“We will not do anything just to punish someone and punish ourselves. Buying a ticket and not going - that's not how we do it, quoted Putin as saying. " Interfax

“All the so-called import substitution is not just about moving production to Russia, it’s just a completely different level of technology and, in this sense, this is an element of development. The same thing, for example, we will soon finish work on engines for ships of the Navy. This has an energy effect for civilian production as well,” Putin concluded.

TASS

On October 3, Vladimir Putin proposed that the United States lift the anti-Russian sanctions and compensate the Russian Federation for the damage both from them and from the "forced counter-sanctions" imposed by the Russian Federation. This and other requirements are contained in the text of the draft law on Russia's withdrawal from the agreement with the United States on the disposal of weapons-grade plutonium.
In January 2016, Deputy Minister of Economic Development of the Russian Federation Alexei Likhachev (since October - head of the Rosatom corporation) estimated the damage from sanctions and counter-sanctions in 2015 at 50 billion euros for the European Union and 25 billion euros for the Russian Federation.
Russian counter-sanctions prohibiting the import of the main categories of food products into the Russian Federation were introduced in August 2014 in response to sanctions from the European Union, the United States and a number of other countries. The Russian authorities have repeatedly stated that restricting the import of foreign products will contribute to import substitution and the development of Russian manufacturers.