GMtoday.com
 LATEST NEWS
 Top Stories
 U.S.
  Severe Weather
  Bird Flu
 World
  Castro
  Mideast Crisis
  Iraq
 Business
 Personal Finance
 Technology
 Sports
  Sports Columns
  NASCAR
  Baseball
  College Hoops
  NBA
  NHL
  Tennis
  Golf
 Entertainment
 Health
 Science
 Politics
 Washington
 Offbeat
 Podcasts
 Blogs
 Weather
 Raw News
 NEWS SEARCH
 
 Archive Search
 SPECIAL SECTIONS
 Multimedia Gallery
 AP Video Network
 Today
 in History
 Corrections
Oct 2, 7:26 AM EDT

Putin: state will support sanctions-hit sectors

World Video

Latest News
Putin: state will support sanctions-hit sectors

Russia halts student exchange program with US

Lithuania protests Russian seizure of fishing ship

Russian news agency goes back to Soviet name: Tass

EU keeps Russia sanctions in place for now

Buy AP Photo Reprints
Multimedia
Russia Celebrates Summer Solstice

MOSCOW (AP) -- Russian President Vladimir Putin says the state will offer support to sectors of the economy that have been hit by international sanctions, but says the country in general is unconcerned about the sanctions' consequences.

Putin said Thursday the sanctions, imposed by the United States, the European Union and others over Russia's role in the Ukraine conflict, violate basic principles of the World Trade Organization and obstruct international economics.

Putin, who was speaking to a major investment forum, added "we regard this calmly."

The ruble has fallen sharply as the sanctions have taken hold and Russian companies are severely restricted from borrowing on Western capital markets.

Putin said "the state is ready to provide support to those sectors and companies hit with unwarranted external sanctions."

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.