By Daniel Hunter

Russian President Vladimir Putin has said the economic sanctions imposed on the country by the US and EU will hurt the global economy.

Speaking ahead of the G20 summit in Brisbane, Mr Putin described the sanctions as a mistake which 'undermine international trade'.

He even suggested that the sanctions are illegal because only the UN could impose them.

In an interview for Russia's Itar-Tass news agency, Putin said it would be "pointless" to raise the issue of the sanctions, but said he would talk about them if asked.

"This contradicts international law, because sanctions can only be imposed within the framework of the United Nations and its Security Council," he said.

"This is harmful, and of course is doing us some damage, but it's harmful for them as well because, in essence, it's undermining the entire system of international economic relations.

"I believe it's a mistake, even from the point of view of their geopolitical interests."

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