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Putin orders government to consider retaliation to Western sanctions

Russian President Vladimir Putin instructed the government on Tuesday to consider measures in retaliation to western sanctions against Russia.

'I have formulated this instruction today," Putin said at a working meeting with acting Voronezh Region governor Alexei Gordeyev.

"Political instruments of pressure on the economy are unacceptable and contradict all norms and rules. In this connection, the Russian government has already proposed a number of measures in retaliation to the so-called sanctions by some countries," Putin said.

"I believe we could quite think about it in the current conditions to secure the interests of domestic commodity producers," the head of the Russian state said.

The Russian president also said that Russia's response to western sanctions should be "accurate."

"Naturally, this has to be done very accurately so as to support domestic producers and not harm consumers," Putin said.

The Russian president said that producers in various countries should operate in an equal competitive environment as this principle met the interests of national security and WTO rules.

[Source: Itar Tass, Voronezh, 05Aug14]

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