TASS reported that at the congress of the Russian Union of Industry and Entrepreneurs, Russian President Vladimir Putin emphasized that a new cycle of economic competition is expanding globally and the Russian business community needs to prepare for this.
To make the national economy a safe haven, Russia needs to take many important measures.
Below are the main statements of the Russian President, compiled by TASS.
Penalty
Russian businesses have learned to adapt to sanctions and establish alternative cooperation mechanisms with foreign partners.
The sanctions should not be considered temporary, as competitors are always looking for ways to curb Russia and undermine the country's economic and technological capabilities.
As restrictions on Russia ease, the West will still find another way to fall on the wheel. Russia is currently the world's most sanctioned country, with 28,595 sanctions targeting individuals and legal entities, according to the Russian Finance Ministry.
Economic cooperation
It is not expected that global trade will return to its former state.
The mechanism to protect the rights of Western investors and entrepreneurs is no longer reliable.
souvenir
Only fully sovereign countries can develop dynamically and sustainably for the benefit of the people.
Most European countries have lost sovereignty and are facing serious economic and security problems.
The developed countries have begun to worry about the fate of their reserve funds in the West.
The concepts of legality and civilization in the West are actually applied only "to themselves".
Russian economy and inflation
An economic downturn is inevitable, but it needs to happen slowly. Russia needs to ensure its economy is a safe haven.
It is necessary to prevent a sharp decline in economic growth rate.
Controlling inflation and maintaining a low unemployment rate are top priorities.
The return of foreign companies
Russian businesses have taken advantage of the withdrawal of Western companies and quickly filled the void they left.
Some Western companies want to return to the Russian market, but the top priority is still the interests of domestic enterprises.
Many Western companies continue to operate in Russia under other brands, and they will be treated respectfully.
The Russian government will closely monitor transactions related to the return of Western companies that have left. The Ministry has been assigned the task of developing a mechanism to ensure that these enterprises operate on the principle of fairness.
Western companies will not be able to buy back their assets in Russia at cheap prices.
The train has rolled, Western companies have left, so they cannot hope to enjoy the privileges when they return, because their positions have been replaced by Russian enterprises.
