Although many reports indicate that the Russian economy is having problems due to economic sanctions and the departure of international companies from Russia, President Vladimir Putin sees things from another perspective and thanks God that foreign companies leave his country.
Reuters reported that Putin said on Thursday that he was glad that some foreign companies had left Russia because domestic companies could take their place.
“Sometimes , when you look at those who leave, thank God, maybe? We will occupy their niches: our business, our production, has already grown, and it will safely settle on the ground prepared by our partners,” Putin said. “Representatives of our companies face problems, of course, especially in the field of supply chains and transportation. But nevertheless, everything can be adjusted, everything can be built in a new way”.
The Russian president added: “Not without losses at a certain stage, but it helps us in a certain way to become stronger. In any case, we are definitely acquiring new skills, we are beginning to concentrate our economic, financial and administrative resources in areas of progress.
Putin spoke by videoconference with the leaders of the former Soviet states, and even he joked that luxuries like the Mercedes preferred by bandits in the chaos of post-Soviet Russia would still be available: “It will be a little more expensive for them, but they are people who already drove Mercedes 30 and will continue to do so. I can assure you that they will bring them from anywhere, from any country”.
The Russian president warned the West that Moscow would continue to find ways to acquire advanced technology and luxury items.
Putin acknowledged that his country still needs access to advanced technologies from developed economies and although the West wants to exclude them “that will be impossible”, although not gave details on how he would find a way to maintain access to foreign software and components.
The president also promised that Western attempts to isolate Russia would fail, noting that developed economies were struggling with spiraling inflation, disrupted supply chains and a food crisis.
Meanwhile, Russia’s central bank on Thursday lowered its main interest rate to 11% and said he saw room for further cuts this year, while inflation is at record The maximum of more than years and the economy is heading for a strong contraction of -30% of your GDP for 2022.
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