Russia is so cut off from the international financial system that the Kremlin thinks Western sanctions have 'insured' the country against the banking crisis

The Kremlin said Russia will not be impacted by the US bank crisis.

Kremlin spokesperson said Russia is 'insured' against the fallout from Silicon Valley Bank's collapse.

Sanctions over the Ukraine war have cut Russia off from the international financial system.

The country is also facing restrictions on its key energy exports, including a $60 per barrel oil price cap.