Russia wants to boost global growth says Putin as he blasts sanctions as protectionist
RUSSIA is in favour of an open and rules-based trade order to boost global growth, and sanctions imposed against Moscow are a “covert form” of protectionism, President Vladimir Putin was quoted as saying today ahead of a G20 summit in Germany.
Putin said that protectionism was becoming widespread and a behavioural norm
“I'm convinced that only open trade relations based on uniform norms and standards can stimulate growth of the global economy and support a progressive development of intergovernmental relations,” Putin wrote in a guest article published in German business daily Handelsblatt today.
Putin said that protectionism was becoming widespread and a behavioural norm. “And unilaterally imposed and politically motivated sanctions on investment, trade and, in particular, technology transfer become its covert form,” Putin said.
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“In our opinion, such sanctions not only have no perspective, but they also contradict the G20 principles for interacting in the interests of all countries of the world.”