Putin calls US sanctions 'pointless' while praising Trump summit

Putin calls US sanctions 'pointless' while praising Trump summit
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Russian President Vladimir Putin on Wednesday called U.S. sanctions "pointless" while lavishing praise on his recent Helsinki summit with President TrumpDonald John TrumpHouse Republican threatens to push for Rosenstein impeachment unless he testifies Judge suggests Trump’s tweet about Stormy Daniels was ‘hyperbole’ not defamation Rosenstein faces Trump showdown MORE

“As for sanctions, these actions are counter-productive and pointless, especially towards a country like Russia,” Putin told reporters in Sochi after holding talks with Finnish President Sauli Niinistö, Reuters reported.

“I hope that our American partners will realize that this policy has no future at some point and we can start cooperating in a normal way," he said.

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Putin then said the June summit with Trump was beneficial, highlighting it as an example of the benefits of direct dialogue, according to Reuters. 

The Trump administration announced on Tuesday that it is sanctioning two Russian firms and individuals for attempting to evade U.S. sanctions aimed at penalizing Moscow for malicious cyber activity. The Treasury Department on Tuesday also sanctioned several Russian shipping companies for violating United Nations sanctions on North Korea. 

Another round of sanctions against the Kremlin announced earlier this month will take effect soon. 

The Russian government called the sanctions baseless and promised to respond.

Reports have previously emerged that Putin is satisfied with the results of the summit, which has been the subject of intense bipartisan criticism for Trump in the U.S. Critics in particular have hit Trump over his remarks during a joint press conference with Putin in which he downplayed Russian interference interference in the 2016 presidential election.

The president at the press conference said he doesn't see any reason Russia "would" have meddled, despite the U.S. intelligence community's conclusion that it did. He attempted to walk back the comments under intense public pressure, but has continued to cast doubt on Russia's role in election hacking.