Russian President Vladimir Putin, during a government meeting held today on measures of social and economic support for the Russian regions, said that Washington and Brussels had effectively failed to fulfill their obligations to Russia, froze its international reserves, and now everyone knows that state reserves can simply be stolen.

The Russian president stated that Western sanctions against Moscow dealt a serious blow to the entire global economy, and said: “They have chosen as weapons economic, financial, trade and other sanctions against Russia, which are now harming Europeans and Americans themselves through high prices for gasoline, energy and food.”

He stressed that Russia will respect the property rights of foreign companies during the West’s reign, noting that the West bears responsibility for the negative repercussions of the sanctions imposed on Russia.

Since the start of the Russian military operation in Ukraine, the West has imposed several packages of sanctions on Russia, and within the framework of these sanctions, Russia’s international reserves have been frozen at about $300 billion.

For its part, the Russian government confirmed its support for national companies affected by the sanctions, and announced a set of measures to maintain financial and economic stability in the country.