Russian lawmakers want banks and their staff to help fight Ukrainian drones
Banks will finance jamming systems and selected staff may shoot down drones as Russia faces more Ukrainian attacks.
- On Tuesday, Russia's lower house of parliament authorized the central bank and financial institutions to operate drone defense systems without special forces involvement, following Ukraine's strike on the central bank's Sevastopol office in Crimea on Wednesday.
- Ukraine has intensified longer-range drone strikes targeting Russian energy infrastructure since February 2022, stretching Russia's air defense capacity across its vast territory as Kyiv aims to deprive Moscow of revenues.
- Anatoly Aksakov, chairman of the State Duma Committee on Financial Markets, said anti-drone systems will use jamming to disrupt targeting and direct firepower to shoot down drones, with staff authorized to be armed and operate the systems.
- Financial institutions will bear the costs of drone defense systems themselves, while Alexander Shokhin, head of Russia's most powerful business lobby, told President Vladimir Putin on Tuesday that companies are ready to finance heavier weapons and electronic systems.
- The strike on the central bank marks the first assault on a significant central bank office since tensions escalated, occurring as peace negotiations between Moscow and Kyiv have stalled amid U.S. focus on military operations against Iran.
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64 Articles
The Ukrainian attacks deep in Russia show consequences: Putin has central institutions secured with defense systems – now even personnel are to be trained.
Russia Tells Banks to “Shoot Down Drones Yourself”
by Martin Armstrong, Armstrong Economics: The line between civilian society and war is disappearing completely. That is the real story behind Russia now authorizing its central bank and Sberbank to operate anti-drone systems and arm personnel to defend financial infrastructure. A country’s banking system is no longer simply processing transactions or moving money. It is […]
Half a million Russians have died at the front. Meanwhile, the war has come to Putin's home turf. With the president's latest method, Russian banks are set to fight back.
Russia has adopted a law that allows the Central Bank and other financial institutions to operate their own defence systems and arm their personnel to reject drone attacks, according to a document published by the State Duma, the lower chamber of the Russian parliament.
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