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New | Putin says Russia will not be cut off by 'Iron Curtain' amid West's sanctions over Ukraine

Striking defiant tone against West, Russian leader also says he will consider running for re-election in 2018

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Russian President Vladimir Putin speaks at a Security Council meeting in the Kremlin. Photo: AP

President Vladimir Putin blamed the West for worsening relations with Russia since the Ukraine crisis and said Moscow would not allow itself to become internationally isolated behind another "Iron Curtain".

In an interview published by state news agency TASS on Sunday, Putin also said Western sanctions against Moscow, combined with the slide in the rouble and oil price falls would have no "catastrophic consequences" on Russia's economy.

The United States and the European Union have imposed sanctions on Russia over its annexation of Ukraine's Crimean peninsula and ratcheted them up over Moscow's backing for separatists fighting Kiev troops to split east Ukraine.

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"We understand the fatality of an 'Iron Curtain' for us," Putin was quoted as saying. "We will not go down this path in any case and no one will build a wall around us. That is impossible!"

Russia's ties with the West are at their worst since the Cold War because of Ukraine, where more than 4,300 people have been killed since violence erupted in the east mid-April.

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As the West pressures Moscow over Ukraine, Putin accused Washington and Brussels of disregarding Russia's interests. "When Russia starts... safeguarding people and its interests, it immediately becomes bad [in the view of the West]," he said.

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