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Russian dictator Vladimir Putin admitted that Western sanctions imposed on Russia as a consequence of its invasion of Ukraine might negatively have an effect on the nation’s financial system, as reported by the Russian state-controlled RIA Novosti company on March 29.

Putin made feedback at a gathering with the members of the Russian authorities, in keeping with RIA Novosti.

The sanctions “can actually have a unfavourable impact on the financial system,” Putin mentioned. “On this regard, we have to guarantee a sustainable improve in home demand.”

Putin has beforehand repeatedly claimed that sanctions imposed on Russia had not affected the nation’s financial system.

On Feb. 25, the European Council introduced that it had adopted the tenth bundle of sanctions in opposition to Russia and those that help its battle in opposition to Ukraine.

“Immediately’s tenth bundle of sanctions targets those that are instrumental within the continuation of this brutal battle. We’re taking extra measures, tackling the banking sector, entry to dual-use expertise and superior applied sciences,” the European Union’s high diplomat Josep Borrell mentioned.

“We stay united in our dedication to dent Russia’s battle machine,” Borrell wrote on Twitter.

Agriculture Minister: Russia’s grain corridor sabotage could lead to higher food prices

Editor’s Note: This interview has been edited and condensed for clarity. Russia’s blockage of Ukrainian seaports triggered a global food crisis. The global food crisis was partially resolved in July when an UN-backed grain deal was reached, forcing Russia to unblock three ports in Odesa Oblast for…

Kyiv IndependentAnastasiya Gordiychuk

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