Monday, March 27, 2023

Putin: Putin urges Russia’s billionaires to invest in face of ‘sanctions war’ – Usky News

Moscow: President Vladimir Putin on Thursday urged Russia’s billionaires and business elite to invest in new technology, production facilities and enterprises to help Russia recover from Western efforts to destroy its economy.
Putin It also said Russia has so far disregarded those efforts, and that Western firms that decided to stay in Russia last year rather than flee in a corporate exodus had made a smart decision.
He was meeting Russia’s leading billionaires in person for the first time since February 24 last year, the day it launched its “special military operation” in Ukraine.
Putin then told them that he was left with no choice but to send in Russian troops, and in fact forced them to make a public show of consent. Many tycoons, known as oligarchs, were subsequently placed under sanctions by the West.
For more than a year, Putin has been pressing him to increase domestic investment and support the economy in the face of an unprecedented barrage of Western sanctions.
Billionaires Oleg Deripaska, Vladimir Potanin, Alexey Mordashov, German Khan, Viktor Vekselberg, Viktor Rashnikov, Andrei Melnichenko and Dmitry Mazepin – whose interests range from metals and banking to fertilizers – were among those attending Thursday’s gathering.
Putin told business leaders that Russia was facing a “sanctions war” but was increasingly turning its economy to countries that had not imposed sanctions on Russia, and worked to help the Russian state. thanked them for doing so.


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