"Sanctions Work Powerfully": The NBU President named the condition that will cause the collapse of

According to the NBU chairman, Russians can assure everyone as much as that sanctions for invasion of Ukraine do not work. But in the next half of the year, the budget deficit in Russia will be covered by printing money, which will cause irreversible economic processes. The Russian economy has been living under the influence of rigid international sanctions for invasion of Ukraine for over a year, but the money from the aggressor does not end.

However, the process of collapse of the Russian economy can begin in 2023, said on April 17 in an interview with Voice of America, the head of the National Bank of Ukraine Andriy Pishny. According to Andrei Pishny, no matter how the Russians try to convince the whole world that sanctions do not work is a lie. "They work and work powerfully. We need to thank the US, Baiden administrations here.

Here we need to thank the European Union for new, larger, bold, deep packages of sanction pressure on the Russian Federation," the banker said. He explained that the effects of sanctions on Russia can be seen carefully by reading statistics. For example, the next six months, the Central Bank of the Russian Federation is likely to cover the country's budget deficit. "This launches a spiral.

This spiral will lead to Russia to economic and financial collapse, and Putin's political regime is bankrupt," Andrei Pishny added. He also noted that the various versions of the West's country blocked from $ 300 to $ 350 billion in the Central Bank of Russia. "I would still have added blocked assets of Russian oligarchs, which are direct accomplices of this war and the beneficiaries of the Putin regime, and those who support it and continue to finance it.

Therefore, they should be appropriate responsible, including material," - said Pyshny . . We will remind, on February 25, 2023 it became known that countries of the European Union agreed 10 a package of sanctions against Russia. In the representation of Sweden to the EU, which is part of a new sanction package: we also recall that the Russian Federation was excluded from FATF.