Screenshot of the report
According to the Russian Satellite News Agency reported on the 25th, in the early morning of Thursday, Russian President Putin announced a military operation to strive to "demilitarize" Ukraine. Putin said that after years of being surrounded by NATO, the current situation is "life and death" for Russia. On Thursday afternoon, Putin reiterated that, saying there was "no other way" to defend Russia than to launch military operations.
Speaking about the military operation against Ukraine on Thursday, Putin held talks with key representatives of russia's business community, saying: "This is a measure that was forced to be taken. They left us with no choice. We can't respond in any other way, or our security will be at risk. ”
Putin said the Kremlin had analyzed the geopolitical risks of the new Western sanctions but could not predict all the potential impacts. "All of us, including you, understand the world in which we live and are prepared in every way for the policy of restrictions and sanctions that are taking place now," Putin said. ”
The Moscow Stock Exchange has announced that trading in stocks and futures on Friday morning has been cancelled.
Trading in the Russian securities market was suspended for a time
Alexander Shokhin, chairman of the Russian Union of Industrialists and Entrepreneurs (RUIE), said at the meeting: "Of course, given the various constraints, the current geopolitical situation has led to Russian enterprises having to work in difficult conditions. But I want to emphasize that not only Russia, but the overall economy has learned how to survive the crisis, and since 2014, Russian companies have learned to adapt to the crisis phenomenon and learn to solve development problems. ”
Sokin added: "We understand that the new sanctions will be tougher than all previous restrictions and they will affect many industries. "Russian companies will have to work more actively and effectively to ensure the smooth operation of their businesses and avoid layoffs, shortages and price increases." The RUIE director continued: "It is necessary to implement an import substitution strategy and find new partners in those countries that are ready to continue cooperation, but of course, this also depends to a large extent on the timeliness and success of government activities." ”
The U.S. threatened Russia that if Russia took military action inside Ukraine, the United States would impose sanctions on Russia and destroy the Russian economy. After Putin recognized the two "republics" of Eastern Ukraine on Monday, the United States, Britain and Australia imposed "first" sanctions on the Russian National Development Bank, Russian sovereign debt deals and The Russian government and social figures.
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British Prime Minister Boris Johnson and Ukrainian President Zelenskiy spoke separately on Thursday urging Russia to cut ties with the Brussels-based Association for Global Banking Financial Telecommunication (SWIFT) global interbank payment system.
(Editor: WDQ)