Ukraine-Russia Conflict: Putin warns Russian business leaders and says there will be "restrictions" on Russian economy

Russian President Vladimir Putin warned the country's business leaders.

On a national television he said "What I wanted to say first – the most important thing, so you all understand – what is going on was a necessary measure. They didn’t leave us any chance to act otherwise. They created such risks in the sphere of security that it was impossible to react in a different way. All our efforts came out to zero. […] They created such risks that it’s difficult to comprehend how our country could have continued to exist."

“It seems to me that our partners should understand this and not set themselves the task of pushing us out of this system," Putin said. "Nevertheless, for political reasons, these restrictions will happen." 

However, US President Joe Biden is set to announce further sanctions on Russia in the following hour.