Sanctions will have boomerang effect on West - Putin

[dipsydoodle]

Source: Yahoo News / Reuters

ST PETERSBURG Russia (Reuters) - President Vladimir Putin said on Friday sanctions imposed on Russia over the crisis in Ukraine would have a boomerang effect on the West.

Criticising the United States, he said the vision of a "unipolar" world had failed and hailed European companies for taking a more "pragmatic" approach to Russia.

The European Union, heavily reliant on Russian gas supplies, has been more reluctant than Washington to impose tough sanctions on Russia.

Read more: https://uk.news.yahoo.com/sanctions-boomerang-effect-west-putin-111745339--business.html#MQuAiog

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Russian President Vladimir Putin has outlined his plans for a new Eurasian union, as he slammed Western powers over sanctions.

The Eurasian Economic Union would comprise former Soviet states Belarus and Kazakhstan as well as Russia - and possibly also Armenia, Kyrgyzstan and Tajikistan, he told the St. Petersburg International Economic Forum.

The Union would have closer ties between Russia and China at its heart, according to Putin, as Russia turns away from former Western allies after their dispute over Ukraine's borders. Russia is "going to focus on Eurasian investment" from now on, according to Putin.

http://www.cnbc.com/id/101700307

[joshcryer]

1. Good old Dugin and his Eurasian vision.

[bemildred]

2. Putin will 'respect' Ukraine's presidential vote

Russian President Vladimir Putin said Friday that Russia wants peace and order to be restored in Ukraine and will "respect' the outcome of Ukraine's presidential election on Sunday.

The Russian leader, speaking at an investment forum in St. Petersburg, slammed the West over its involvement in Ukraine -- and its economic sanctions against Moscow -- but said Russia is ready to work with the new leadership in Kiev.

"We understand that the people of Ukraine want their country to emerge from this crisis. We will treat their choice with respect," President Putin said.

"It would have been better to hold a referendum and adopt a new constitution," he added. "Under the current constitution (Viktor) Yanukovych is still in power."

http://www.usatoday.com/story/news/world/2014/05/23/vladimir-putin-russia-ukraine-presidential-election-respect/9480961/

[L0oniX]

3. It's almost funny to watch this but remains to be sad...

to see a 2nd rate country and a possible third rate country play these games against each other that hurt both of them.