Putin urges Russian billionaires to prioritize patriotism over profits.

Russian President Vladimir Putin has urged the country's billionaires to invest at home to support the economy in the face of Western sanctions, telling them to put patriotism before profit. Putin said that a responsible entrepreneur is a real citizen of Russia who understands and acts in its interests, and does not hide assets offshore. He also called for a more dynamic economy that would lead to a noticeable improvement in the quality of life of people across the country. The government plans to raise around $3.9bn in a windfall tax, though this will not affect oil, gas and coal firms.