Russia's President Vladimir Putin (L) talks with German Chancellor Angela Merkel (R) as Italy's Prime Minister Matteo Renzi stands on the back during a meeting on the sidelines of a Europe-Asia summit (ASEM) in Milan October 17, 2014. REUTERS/Daniel Dal Zennaro/Pool
ST PETERSBURG, Russia (Reuters) - 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.
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