Stock Groups

Putin says West won’t succeed in cutting Russia off -Breaking

[ad_1]

2/2
© Reuters. FILEPHOTO: This is a general view of Kievsky Railway Station and the skyscrapers in Moskva City Business Centre, Moscow. Russia. April 29, 2022. REUTERS/Maxim Shemetov

2/2

(Reuters] – While President Vladimir Putin conceded that Western sanctions on Russia had disrupted its supply chains, he said it would not be possible to cut off technology.

Putin spoke via videolink to ex-Soviet leaders and said that Russia will continue to search for substitutes to foreign imports not available to it even though this isn’t a panacea for all ills.

Russia’s isolation from the West has grown since it invaded Ukraine three months back in “special military action”. Numerous companies have fled the country, and unimaginable Western sanctions have been imposed on its economy.

Representatives of businesses have problems. This is especially true in transport and supply chain. Putin stated in his televised remarks that everything could be changed and everything could be rebuilt.

Although there are some losses, it is a necessary step towards our strength. We are acquiring new skills and are focusing our administrative, economic, and financial resources in breakthrough areas.

Banner 3

Putin stated that it might be best to exit some companies foreign from Russia’s market.

Russia has a need to access foreign technology.

His explanation of how Russia could access western software and components was not complete.

He apparently was referring to America and said that no “world-gendarme” could use sanctions to undermine countries such as Russia, China, or many other states who were following what he called an autonomous policy.

[ad_2]