Russian President Vladimir Putin pledged on Thursday that massive sanctions against Moscow allowed Ukrainian companies to “quietly” settle in annexed Crimea, Ukraine.
“The big Russian organizations that are afraid of sanctions now have nothing to worry about. They can calmly come to the peninsula, especially the banks, to work actively in the region.” Putin announced.
He added that at a government meeting on the economic situation in Crimea, held eight years after the annexation of Moscow, “restrictions on Russia have created many problems”.
After this annexation, the West imposed the first round of sanctions on Moscow, and several major Russian organizations refused to invest in Crimea for fear of sanctions.
However, in retaliation for Russia's military intervention in Ukraine that began on February 24, Westerners imposed new sanctions on a number of Russian companies of historic scale.
These sanctions not only paralyzed parts of the country's banking and financial system, triggered inflation, but also caused the ruble to collapse.
Faced with these sanctions, Putin promised on Wednesday not only to retire, but also to raise “a considerable minimum wage, civil servant salaries” to overcome the “thunder war” of the Western economy.
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