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PUTIN: RUSSIA HAS NO GRUDGE AGAINST EU


President Vladimir Putin said on Friday Russia did not hold a grudge against the European Union and was ready to improve relations, but he offered little prospect that mutual sanctions would be eased soon.Speaking on the day the EU said it would extend sanctions on Russia imposed over its annexation of Crimea in 2014, Putin played down their impact and painted a bullish picture of an economy recovering despite low oil prices.But in a disappointment for investors, he provided little hope that either Russia or the EU were likely to soften their sanctions, and was vague about the steps Russia would take to improve its investment climate."We do not hold a grudge and are ready to meet our European partners halfway," Putin told the annual St Petersburg International Economic Forum. "But it certainly cannot be a one-way game."

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