Putin says West cannot isolate Russia or send it back in time | Russia-Ukraine war News

Russian chief says it’s not possible to chop Moscow off from the world, as EU says sanctions in opposition to Russia are working.

Russian President Vladimir Putin says it’s not possible to chop Russia off from the remainder of the world, and that sanctions imposed by Western international locations is not going to flip the clock again on Russia’s improvement.

Since sending troops into Ukraine on February 24, Russia has been hit with a barrage of Western sanctions designed to isolate it from the worldwide economic system which have disadvantaged it of entry to items together with industrial electronics, semiconductors and plane components.

“Not simply restrictions however the almost-complete closure of entry to international hi-tech merchandise is being intentionally, deliberately used in opposition to our nation,” Putin stated on Monday, talking at a video convention with authorities figures.

“It’s clear that this can be a large problem for our nation, however … we aren’t going to surrender and keep in a state of disarray or, as a few of our ‘well-wishers’ predict, return many years. In fact not,” he stated.

Putin stated Russia must develop its personal home expertise and expertise companies.

Finance minister Anton Siluanov stated assist for the Russian expertise sector is a precedence, however that each rouble of state assist must be accompanied by at the least three roubles of personal funding.

The EU’s international ministers stated on Monday that the sanctions imposed on Moscow are working, despite the fact that additionally they threatened the EU’s energy supplies.

Final week, Hungary’s nationalist premier Viktor Orban – the EU chief closest to the Kremlin and a critic of Brussels – denounced the coverage, saying Brussels was hurting Europe greater than Moscow.

“Some European leaders have been saying that the sanctions have been … a mistake,” EU coverage chief Joseph Borrell instructed reporters as he arrived on the bloc’s headquarters on Monday for talks on closing loopholes within the sanctions regime and growing stress on Russia.

“It’s what we needed to do and we’ll proceed doing,” he added.

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