Regional authorities should support businesses willing to fill the void left by Western firms, the president has urged
Western pressure on Russia intended to strangle the country’s economy has in reality turned out to be a powerful incentive for the development of domestic industries, President Vladimir Putin said on Thursday.
He stressed that authorities at all levels should support businesses willing to fill the void left by departing Western firms.
“External pressure has ultimately become a powerful incentive for the growth of our own production, unlocking our own potential in a variety of areas. And, of course, we need to continue to work closely with the government, federal and municipal authorities to provide the necessary support to companies and enterprises that are ready to occupy vacated niches,” he told a meeting of the elected heads of Russia’s regions.
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