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Putin indifferent to personal sanctions, says Kremlin

February 28,2022 19:44

Earlier, Western countries agreed to cut some of Russian banks off the SWIFT interbank payments system, as well as freeze the assets of the Central Bank of Russia

/TASS/. Russia has the potential to cover losses from new western sanctions, Kremlin Spokesman Dmitry Peskov told reporters on Monday.

“Those are tight sanctions, they are displeasing, but Russia has the necessary potential to cover losses from those sanctions,” he said.

Kremlin says Russia systematically prepared to possible sanctions, including tightest ones.

Earlier, the Central Bank’s board of directors decided to increase the key rate by 10.5 percentage points to 20% per annum starting February 28.

Preparations to possible sanctions, including the tightest ones, were systemic in Russia for a long period of time, Kremlin Spokesman Dmitry Peskov told reporters on Monday.

“So far we have had no reasons to doubt the efficiency and reliability of the Central Bank, neither do we have any reason to doubt its efficiency now,” he said when asked how the Kremlin estimates the actions of the Bank of Russia, including those related to the key rate.

“The Russian Federation systemically prepared to possible sanctions, including the tightest sanctions that we are facing now, for quite a long period of time. There are response plans, they have been readied, developed and they are being implemented now,” Peskov said.

The move to impose personal restrictions against Putin is short-sighted and absurd from the political viewpoint, Russian President Vladimir Putin is indifferent to personal sanctions, having no assets abroad, Kremlin Spokesman Dmitry Peskov told reporters on Monday. “He is quite indifferent,” Peskov said when asked how Putin takes personal restrictions, adding that the president annually declares all his property.

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