Home WORLD EUROPA Putin acknowledges ‘colossal difficulties’ caused by sanctions | War in Ukraine

Putin acknowledges ‘colossal difficulties’ caused by sanctions | War in Ukraine

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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 said.

Russia is targeted by extensive Western sanctions and many foreign companies have withdrawn from the country in reaction to the military assault launched against Ukraine.

evoking a huge challengehe called for the wise use of existing Russian sovereign technologies and the development of new innovative national companies. We won’t give uphe 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 without other options.

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

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

Our file War in Ukraine

Russian solutions

For the time being, Russia has authorized so-called imports parallels goods of this type, i.e. without the consent of the person who holds the intellectual property.

On Monday, Vladimir Putin also indicated that Russian technology giants, such as Yandex or Ozon, also faced significant challenges because 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.said Putin.

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

Moscow promises to compensate for 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 Putin, citing government figures, Russia will miss one million executives in this sector by 2024.

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