Putin acknowledges 'colossal difficulties' caused by sanctions | War in Ukraine

Putin acknowledges “colossal difficulties” caused by sanctions | War in Ukraine

< p class="sc-v64krj-0 knjbxw">Vladimir Putin indicated that Russian technology giants, such as Yandex or Ozon, face significant challenges.

President Russian Vladimir Putin called on Monday to overcome the serious difficulties posed by the sanctions depriving Russia of Western high technologies on which it is very dependent.

Aware of the colossal difficulties facing us, we will intensively and intelligently seek new solutions, he said during a meeting broadcast on public television, noting that his country was facing a blockage almost total access to Western technologies.

Today, it is not only limitations, but an almost total blockage that is implemented against our country regarding access to foreign high-tech products, he affirmed.

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Russia is under severe Western sanctions and many foreign companies have withdrawn from the country in response to the military assault launched against the Russian Federation. Ukraine.

Referring to a huge challenge, he called for making good use of existing Russian sovereign technologies and developing new innovative domestic enterprises. We are not going to give up, he hammered.

Since the offensive in Ukraine, the digital giants (Microsoft, Apple, Google, Adobe, Cisco) have left Russia or suspended at least part of their operations in the country, leaving Russian consumers, businesses, administrations and users with no other options.

Western suppliers have also stopped providing technical support to their Russian customers.

The same goes for commodities, such as phones and computers from Apple, Cisco telecommunications systems, mobile app markets, and operating systems like Windows.

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For the time being, Russia has authorized so-called parallel imports of goods of this type, that is to say without the agreement of whoever holds the intellectual property.

< p class="e-p">On Monday, Vladimir Putin also indicated that Russian technology giants, such as Yandex or Ozon, also faced significant challenges, as they were financing themselves on Western markets or thanks to foreign financial institutions. .

It is essential to rapidly develop such mechanisms in the Russian financial system so that fast-growing Russian companies can attract domestic private capital for their development, Putin said.

The Kremlin has consistently asserted that Russia is resisting the sanctions decided by the West, but the effects of these are likely to take their greatest toll in the months or years to come. come, cutting the country off from new technologies and global logistics and financial chains.

Moscow promises to offset these effects in the medium term by developing Russian alternatives. At the same time, the crackdown on critics of the Russian offensive against Ukraine and the severing of air and financial ties with the West have led to an estimated exodus of at least tens of thousands of Russians working in the new technologies sector, increasing an already existing deficit.

According to Mr. Putin, citing government figures, Russia will miss one million executives in this sector in 2024.

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