Kremlin spokesman Dmitry Peskov confirmed on Monday that Russia will succeed in bypassing the sanctions imposed on it by the West in response to the Russian war on Ukraine, while President Vladimir Putin will hold a meeting to discuss the economic repercussions of these sanctions.
Peskov told reporters that Western sanctions against Russia are harsh, but our country has the necessary capabilities to compensate for the damage, adding that Putin will take care of economic issues on Monday and will meet with his relevant government ministers.
On Saturday night, additional sanctions were imposed, including the Russian Central Bank, the removal of some of the country's lenders from the global payments system "Swift", and other economic sanctions.
The sanctions, adopted by countries, most notably the United States, Britain and the European Union, include freezing the assets of President Vladimir Putin and his Foreign Minister Sergey Lavrov, and dozens of banks and financial institutions.
As a result, the Russian ruble plunged to a record low against the dollar on Monday, as the price of the dollar rose against the ruble by 41.50% to reach a record level of 119 rubles per dollar in Asian transactions, and the dollar rose so far this month by 53.77% against the ruble.