Russian President Vladimir Putin described the annexation of Crimea by his country as a historical right, resulting from an injustice, according to Russian media, citing a documentary film shown in Russia on Sunday.
Moscow annexed Crimea on March of 2014 after the Viktor Yanukovych government in Ukraine was deposed following protests in Kiev. The annexation hasn’t been recognised as a legitimate move by the international community.
Putin said Crimea has a strategic importance in the Black Sea region, but he added it was not the only reason for the annexation.
“It's because this has elements of historical justice,” Putin added.
“I believe we did the right thing and I don't regret anything."
Russia’s annexation of Crimea and aggression in eastern Ukraine caused the United States and the European Union to impose a series of sanctions on Russia, which has been hitting Russian economy badly.
Russian Prime Minister Dmitry Medvedev said on Tuesday already troubled economy is likely to go on hurting the country in 2015, too, if the sanctions proceed.
Medvedev said Russia has suffered losses of 25 billion euros in total, which was 1.5 percent of gross domestic product, and could increase several times in 2015.
The President Putin has been condemning the West and their sanctions on his country.
"We have witnessed such attempts during Russia's entire history, dating back to tsarist times,” said Putin.
“This attempt to deter Russia, this policy, has been known for a long time, for centuries. There is nothing new.”