Russian President Vladimir Putin on Thursday urged the country’s big businesses to invest in the economy, promising that what they are doing now will “pay off three times” in the future, despite Western sanctions.
“Justified investments will be paid to you three times tomorrow, without the slightest doubt,” Putin assured at a meeting in Moscow with members of the Union of Russian Entrepreneurs.
The head of the Kremlin specified that the sectors in which more funds should be invested are the manufacturing industry, domestic tourism or local brands.
Despite Western sanctions following the invasion and subsequent war in Ukraine, Putin said, there are “big opportunities” in the country in almost “any field of activity” and for any business.
“Today, great opportunities are opening up in Russia in almost all areas of activity and business,” he said.
However, the Russian president acknowledged that there are a number of problems “related to logistics, finance, infrastructure and technology” that have yet to be resolved.
This is Putin’s first meeting with the Union of Entrepreneurs since the beginning of the military intervention in Ukraine. Nearly 1,000 delegates gathered at Casa da Música, including millionaires, SMEs and civil servants from various ministries.
Russian Deputy Prime Minister Andrey Belousov called for an easing of restrictions for foreign investors who decided to bet on Russia after the start of the war and the imposition of Western sanctions.
“These people came knowing what was in store for them because of the conditions created by hostile countries,” he defended.
This week, Putin acknowledged that in the medium term there is a danger that Western sanctions will have a negative impact on the national economy.
“Yes, we must recognize that those who wish us harm expect to cause us problems in the medium term. In fact, such a danger exists. We are aware of this,” he admitted.
In the same vein, Putin reiterated today ahead of a meeting of the business community in Moscow, saying that the government fully understands that there are medium-term risks that “must be taken into account.”
However, the President of Russia was also confident that Russia would be able to overcome all these risks.
“The Russian economy is acquiring a completely different quality and is beginning to develop according to a different model,” he stressed, hinting at a change in the country’s orientation towards the so-called friendly states, mainly in the East.
Author: Portuguese
Source: CM Jornal
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