"We will naturally respond adequately. That is why yesterday we discussed this issue with the president. The government will submit proposals to the president to extend response measures for another year until December 31, 2018," Medvedev said.
Speaking at a cabinet session, he expressed regret that "our European partners continue this not very constructive line with regard to our state."
"Once again, politics takes over the economy and by and large over common sense in general," Medvedev said.
"The economy will continue to be affected by a number of negative factors in the coming years," Medvedev said at a cabinet session.
He listed extended anti-Russia sanctions as well as foreign capital controls and technology market limits for Russian companies as examples.
"All this, frankly speaking, is not the easiest circumstance. We must take [this] into account forming the government's work in the medium term," Medvedev said.
According to the Russian official, the measures are being introduced for protection of national interests and support the economy.
"We support the Russian agriculture sector by introducing response measures. The agrarians repeatedly asked us to extend such measures," he said.