Things are getting worse.
As you may already know, President Biden and much of Europe has placed a number of sanctions against Russia and President Vladimir Putin.
These economic sanctions on Russians banks have hit them hard and has nearly collapsed their stock market. Furthermore, this has also forced the Russian stock market to remain closed until Tuesday as of right now.
The Russian Ruble has also lost 30% of its value compared to the United States Dollar this week.
Now, according to American Military News, Russia’s Vladimir Putin has just announced that the sanctions placed upon his country are equivalent to a “declaration of war.” Putin further noted that if any country dares to announce a “no-fly zone” over Ukraine will be placing themselves in a “active” war.
“These sanctions that are being imposed are akin to a declaration of war but thank God it has not come to that,” Putin stated.
Then when discussing the possibility of the creation of a no-fly zone, Putin stated, “We will immediately consider them as participants in a military conflict, and it doesn’t matter members of which organizations they are. It is impossible to do it, on the very territory of Ukraine, it’s possible only from the territory of some neighboring states. But any movement in this direction will be considered by us as participation in an armed conflict.”