His address to a virtual Shanghai Cooperation Organisation summit was his first to an international meeting since last month's mutiny in Russia.
Mr Putin backed trade accords between SCO nations in local currencies - seen as an attempt to blunt sanctions.
The 2023 SCO summit is taking place virtually, under India's leadership.
Mr Putin used the platform to send a message of defiance to the West, saying "Russia counters all these external sanctions, pressures and provocations and continues to develop as never before".
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