LPR intends to create internal bank in month

The administration of the self-proclaimed Lugansk People's Republic (LPR) plans to create its own internal banking system.

The administration of the self-proclaimed Lugansk People's Republic (LPR) plans to create its own internal banking system.

Igor Plotnitsky, the head of the LPR, addressed the situation with the payment of pensions of wages in the Friday meeting of the Council of Ministers. "We currently cannot make all payments in full. We have made a decision to create an internal bank with support from the Russian Federation. In a month, it will be much easier to make payments," he said.

Problems will be resolved in every specific district, he said. "It's a normal process. The situation is gradually improving. The administration of the republic has full information. Everything is being done to help people," Plotnitsky said.

"Even in the past week, the administration of the republic did a lot for the decentralization of the administration. No one wants to have two administrations - military and civilian - in the same hands. There will be no Cossack republics," he said.

"We have survived the most difficult time, when we didn't have anything, water, power, and communications. Now they are trying to pressure us economically. But the question is that, like Poroshenko said, we have been 'cut off,' which means we have received what we wanted, our independence. Let's begin resolving problems, not just voice them. We, for our part, will do all we can to help all districts of the LPR in a centralized way," Plotnitsky said.

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