Russian President Vladimir Putin on Wednesday called U.S. sanctions "pointless" while lavishing praise on his recent Helsinki summit with President Trump Donald John TrumpSteele Dossier sub-source was subject of FBI counterintelligence probe Pelosi slams Trump executive order on pre-existing conditions: It 'isn't worth the paper it's signed on' Trump 'no longer angry' at Romney because of Supreme Court stance MORE.

“As for sanctions, these actions are counter-productive and pointless, especially towards a country like Russia,” Putin told reporters in Sochi after holding talks with Finnish President Sauli Niinistö, Reuters reported.

“I hope that our American partners will realize that this policy has no future at some point and we can start cooperating in a normal way," he said.

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Putin then said the June summit with Trump was beneficial, highlighting it as an example of the benefits of direct dialogue, according to Reuters.

The Trump administration announced on Tuesday that it is sanctioning two Russian firms and individuals for attempting to evade U.S. sanctions aimed at penalizing Moscow for malicious cyber activity. The Treasury Department on Tuesday also sanctioned several Russian shipping companies for violating United Nations sanctions on North Korea.

Another round of sanctions against the Kremlin announced earlier this month will take effect soon.