Russian leader Vladimir Putin has described sanctions imposed by Western nations over his invasion of Ukraine as “akin to a declaration of war”.
“But thank God it has not come to that,” he added.
President Putin also warned that any attempt to impose a no-fly zone over Ukraine would be seen as participation in the armed conflict.
He rejected suggestions that he would introduce a state of emergency or martial law in Russia.
Vladimir Putin made the remarks while speaking to a group of women flight attendants at an Aeroflot training centre near Moscow.
Since the start of Russia’s invasion 10 days ago, the West has imposed a raft of sanctions on Russia, including the freezing of President Putin’s foreign assets and the exclusion of a number of Russian banks from the Swift international payments system.
In addition, many multinational firms have ceased operations in Russia.
On March 5, Zara, Paypal and Samsung became the latest global brands to suspend trading there.
The economic measures have already caused the rouble to plunge in value and forced the Russian central bank to double interest rates.
In his latest comments, President Putin sought to justify the war in Ukraine, repeating his assertion that he was seeking to defend Russian speaking communities there through the “demilitarisation and de-Nazification” of the country.
Responding to Western defence analysts’ allegations that the Russian military campaign was going less well than expected, he said: “Our army will fulfil all the tasks. I don’t doubt that at all. Everything is going to plan.”
The Russian leader added that only professional soldiers were taking part in the hostilities and there were no conscripts involved, despite reports to the contrary.
He said efforts to impose a no-fly zone in Ukraine would be considered by Russia to be a step into the military conflict and those responsible would be treated as enemy combatants.
“The current leadership needs to understand that if they continue doing what they are doing, they risk the future of Ukrainian statehood,” he added.
For his part, Ukrainian President Volodymyr Zelensky has condemned NATO for ruling out the no-fly zone. However, Western leaders say introducing the measure would be an escalation.
Vladimir Putin also said he had no plans to declare martial law in Russia. adding that such a step would only be taken in “instances of external aggression, in defined areas of military activity”.
“But we don’t have such a situation and I hope we won’t have one,” he said.
There had been rumours that Vladimir Putin was planning to declare martial law, which is when normal civil law is suspended or the military takes control of government functions.
He said there were other special emergency states which could be used in the case of a “large-scale external threat”, but that he had no plans to introduce these either.
Meanwhile, diplomatic moves have continued on the sidelines of the conflict.
Israeli PM Naftali Bennett met Vladimir Putin in Moscow on March 5 and had a three-hour discussion on the war.
Naftali Bennett then headed to Berlin to meet German Chancellor Olaf Scholz. As an Orthodox Jew, he broke Shabbat in order to travel, which is allowed under Jewish law if human life is at stake.
Although Israel is a key ally of the US, Naftali Bennett has tried to preserve a good relationship with Russia. Ukraine’s President Zelensky, who is Jewish, has called on Israel to mediate in the crisis.
The US Secretary of State, Antony Blinken, has met Ukraine’s Foreign Minister, Dmytro Kuleba, telling him he was in awe of his courage in standing up to Russia.
The two men met on the Polish-Ukraine border. Dmytro Kuleba reiterated his desire and optimism for more military backing from NATO, including a no-fly zone.