Putin says 'Thank God' some foreign companies have left Russia

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

LONDON: President Vladimir Putin said on Thursday (May 26) that he was glad some foreign companies had left Russia because home-grown businesses could take their place, and he warned the West that Moscow would still find ways to acquire advanced technology and luxury goods. Putin has cast the invasion of U

LONDON: President Vladimir Putin said on Thursday that he was glad some foreign companies had left Russia because home-grown businesses could take their place, and he warned the West that Moscow would still find ways to acquire advanced technology and luxury goods.

Since the war, a host of major foreign investors - ranging from BP to McDonald's Corp - have exited just as the Russian economy faces its worst contraction since the years following the turmoil of the Soviet collapse. "It will be a little more expensive for them but these are people who already drove Mercedes 600s and they will still do so. I can assure you they will bring them in from wherever, from whichever country.""We are not going to cut ourselves off from this - they want to squeeze us out a bit, but in the modern world this is simply unrealistic, impossible."

Western sanctions have stoked Russian inflation while snarling supply chains, though Putin said the country is coping well and that Russia is turning away from the West in favour of China, India and other powers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Which “GOD”?

Then encourage more to leave... why are you begging to lift sanction though. 😂🤣😂

Putin🤞👌💪✌️💯💥🔥🙌💎

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Putin says West won't succeed in cutting Russia offRest of world have already suceeded in cutting russia off. straits_times GDP will drop double digits. Then...... 2023 will be ugly.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Ukraine's intelligence chief 'fully confirms' Putin has cancerKyrylo Budanov has claimed the Russian President has 'several illnesses'.
Source: YahooSG - 🏆 3. / 71 Read more »

Putin hikes Russian pensions, plays down Ukraine war impact on economy
Source: STForeignDesk - 🏆 4. / 71 Read more »

Putin hikes Russian pensions, plays down Ukraine impact on economyLONDON: President Vladimir Putin ordered 10 per cent rises on Wednesday (May 25) in pensions and the minimum wage to cushion Russians from inflation, but denied the country's economic problems were all linked to the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Kyrgyz police probe Ukraine flag on mountain named for Putin
Source: STForeignDesk - 🏆 4. / 71 Read more »

War raises famine fears as Russia chokes off Ukraine's farms and exports
Source: STForeignDesk - 🏆 4. / 71 Read more »