Sanctions on Russia will ‘boomerang’ on West – Putin

President Vladimir Putin said Friday that sanctions imposed on Russian officials over the Ukraine crisis would backfire on Western countries.

“In the modern, interconnected world, economic sanctions as an instrument of political pressure can have a boomerang effect, and in the end they have an impact on the businesses and economies of the countries that initiated them,” Putin told an economic forum in Saint Petersburg.

In the same speech he lashed out at the global influence of the United States, saying: “The unipolar model has failed.”