'Archaic' Sanctions Hinder Joint Solutions to Global Problems - Lavrov

© Sputnik / Maksim Blinov / Go to the mediabankNews conference by Foreign Minister Sergey Lavrov
News conference by Foreign Minister Sergey Lavrov - Sputnik International
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Russia's Foreign Minister Sergei Lavrov said that unilateral restrictive measures hinder to find joint solution in international law.

Russian Foreign Minister Sergey Lavrov addresses a meeting of the United Nations Security Council at the U.N. headquarters in New York, February 23, 2015 - Sputnik International
Lavrov Warns Against Using UN Security Council for Propaganda
UNITED NATIONS, February 23 (Sputnik) — Unilateral sanctions imposed by countries on one another weigh on international relations and cripple global decision-making at times when the international community needs to present a common front on emerging problems, Russia's Foreign Minister Sergei Lavrov said Monday.

"Unilateral restrictive measures and attempts of exterritorial application of national laws are nothing but the remnants of archaic bloc mentality that cause the confrontational charge to accumulate in international affairs, and stand in the way of finding a joint solution to emerging problems," Lavrov said at a UN Security Council meeting.

The Russian foreign policy chief stressed that "the Security Council has been exclusively mandated to use sanctions mechanisms, according to the UN Charter."

Russian Foreign Minister Sergey Lavrov - Sputnik International
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UN Security Council Must Regain Leading Role in Global Security – Lavrov
Lavrov was speaking during an open debate on international peace and security, which is currently underway at the UN Security Council's headquarters in New York, United States. The meeting was scheduled for February 23-24, to mark the 70th anniversaries of the end of World War II and the formation of the United Nations.

Last year, Russia was targeted for sanctions by the United States, the European Union and their allies, including Japan, Canada and Australia. Several rounds of economic sanctions – specifically against Russia's sensitive banking, defense and energy spheres – were introduced starting in July over Russia's alleged involvement in the Ukrainian crisis. Russia has denied all allegations and retaliated by putting curbs on food exports from these countries.

In early February, Spain estimated that sanctions had cost the European Union 21 billion euros, or almost $24 billion. A study by a Russian audit and consulting group, FBK Grant Thornton, showed that in 2014 the Russian economy lost 121.4 billion rubles ($2 billion), which is 0.2 percent of its GDP.

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