Initially it wasn't clear whether European financial authorities and clearing houses Euroclear and Clearstream would go along with it.

Finance Minister Anton #Siluanov said on Tuesday that more than 3.5 million Russian citizens currently have frozen #assets worth 1.5 trillion rubles (almost $16 billion). He asked President Vladimir Putin to support the move.

#UkraineRussiaWar #Sanctions

Government of #Russia is considering a one-time "voluntary" #tax for large companies. According to #Siluanov, this could flush 300 billion rubles (around 3.8 billion euros) into the state coffers. Discussions are currently being held with business about how this "support" can be provided. "Special amendments to tax legislation are being prepared," said Siluanov. Sectors of small businesses and the #oil and #gas sector will be excluded.

This prompted analysts to estimate a #budget #deficit of the equivalent of up to 69.4 billion euros for the full year. That would correspond to 3.8 percent of GDP of #Russia - almost twice as much as planned. In an interview broadcast by the Rossiya 24 channel, Finance Minister Anton #Siluanov assured that the budget deficit would not exceed two percent.

"#Russia will not supply oil to the countries that supported the introduction of the "price ceiling," said Finance Minister Anton #Siluanov.

Original tweet : https://twitter.com/nexta_tv/status/1606940200160350209