On February 28, Vladimir Putin will hold a meeting with representatives of the government, the Central Bank and the presidential administration, Dmitry Peskov said. Peskov indicatedthat the economic reality for Russia has changed significantly, so at the meeting he will discuss economic issues.
At the same time, answering the question of whether it is planned to somehow support citizens and the economy, the presidential press secretary said: “So far, nothing has happened to you … I repeat once again: as problems arise, so far we have nothing didn’t happen to you” (quote from RIA News).
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Russia announced the start of a military special operation in Ukraine on February 24. Its goal is the “demilitarization” and “denazification” of Ukraine, Vladimir Putin said.
After the start of the operation against Russia, sanctions were imposed by the US, the EU and the UK. The EU announced the decision to close the airspace for Russian aircraft.
The Russian banks VTB, Otkritie, Sovcombank, Promsvyazbank and Novikombank fell under US sanctions. Their US dollar assets and accounts are blocked. For the cards of these five banks, Apple Pay and Google Pay payment services will stop working. Less severe restrictions have also been introduced against Sberbank.
Western countries are also disconnecting Russian banks from the SWIFT system, but at the first stage, the restrictions will only affect sanctioned financial institutions.
In addition, the US has announced that it has imposed the largest trade sanctions in history, which are aimed at depriving such sectors of Russian industry as the military-industrial complex (DIC), aircraft manufacturing and shipbuilding, of critical technological elements.