Russian tycoon Oleg Deripaska on Monday said it was time to put an end “all this state capitalism” and change policies as the country’s economy reeled from the effects of Western sanctions over Moscow’s assault on Ukraine.

“It is necessary to change the economic policy, it is necessary to end all this state capitalism,” Deripaska said on messaging app Telegram, demanding “explanations” from officials on what was going to happen to the economy in the next three months.