'Anti-Russia sanctions are backfiring on Europeans & Americans' says Vladimir Putin

According to Russia's state-affiliated media RT, Russian President Vladimir Putin said during a government meeting on Wednesday that western sanctions on Russia are a blow to nation but y also affect world ecomy. He said that those sanctions are backfiring on Europeans and Americans through increasing prices for gasoline, energy, food, and job losses associated with Russian market.

“As ir weapons, [Western states] choose ecomic, financial, trade and or sanctions against Russia. y are w backfiring on Europeans and Americans through rising prices for gasoline, energy, food, and job losses associated with Russian market,” said Putin.

While speaking during Government meeting, President Putin ted that current situation is a lesson for Russian entrepreneurs, who should learn to choose partners wisely. He said m to keep in mind that 're is thing more reliable than investments at home'.

"We see position of those foreign companies that, despite shameless pressure  … continue to work in our country. In future, y will certainly receive additional opportunities for development. We also kw those who cowardly betrayed ir partners, forgot about ir responsibility to employees and clients in Russia and hurried to earn illusory dividends by participating in anti-Russia campaign," Putin said, according to RT.

He also said, 'Unlike Western countries' who were swift to freeze assets of Russian companies, Russia would 'respect right to property' of foreign businesses operating and working in Russia and abstain from nationalising ir assets.

'Blow to our entire domestic ecomy': Putin on sanctions

sanctions imposed by US, EU, and ir allies, according to Russian President Vladimir Putin, are a premeditated 'hit to entire domestic ecomy, to social humanitarian sphere, to every family, every citizen of Russia'. 

He stressed that it is 'a deliberate, long-term strategy [to] destabilise Russia' which had been planned long before Moscow's military campaign in Ukraine began, reported RT.

However, Putin also assured that Russia can stand up to sanctions' coercion. He is determined that all national development goals for country will be achieved by 2030. 

"Our ecomy, state budget, and private businesses have all necessary resources to solve long-term tasks. All strategic national goals that we have set for period up to 2030 must be achieved. current challenges and opportunities y open up should only mobilize us," he added furr.

'Current situation is a test for all of us': Putin

According to RT, Russian President, in government meeting, while speaking about sanctions over Russia-Ukraine war said, " current situation is, of course, a test for us all. I am sure that we will pass it with dignity – with hard work, joint work and mutual support, we will overcome all difficulties and become even stronger, as it has always been throughout Russia’s thousand-year history."

Sanctions are being imposed on Russia because of its invasion of Ukraine which started with Russian forces attacking Ukraine on February 24. Many countries have sanctioned Russia to put pressure on Putin to stop ongoing war in Ukraine.