Vladimir Putin wants to overcome the difficult challenges caused by the sanctions

Vladimir Putin wants to overcome difficult challenges caused by sanctions< /p> UPDATE DAY

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

“Having aware of the colossal difficulties facing us, we will intensively and intelligently seek new solutions”, he declared 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.

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Russia is under severe Western sanctions and many foreign companies have withdrawn from the country in response to the military assault launched against Ukraine.

Referring to an “enormous challenge” , he called for the wise use of existing Russian sovereign technologies and the development of “new innovative national companies”.

“We are not going to give up,” he insisted.

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

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 or even operating systems like Windows.

In the immediately, Russia authorized the so-called “parallel” imports of goods of this type, that is to say without the agreement of whoever holds the intellectual property.

On Monday, Vladimir Putin also indicated that Russian technology giants, such as Yandex or Ozon, also faced significant challenges, as they financed themselves in Western markets or through 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.

Vladimir Putin wants to overcome difficult challenges caused by sanctions

Vladimir Putin wants to overcome difficult challenges caused by sanctions

The Kremlin has consistently claimed that Russia is resisting Western sanctions, but the effects of these are likely to have their greatest impact in the months or years to come, cutting the land of new technologies and global logistics and financial chains.

Moscow promises to offset these medium-term effects by developing Russian alternatives.

At the same time, the crackdown targeting critics of the Russian offensive against Ukraine and the severance of air and financial links with the West has led to an estimated exodus of at least several tens of thousands of Russians working in the new technologies sector, increasing an already existing deficit.< /p>

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