Economic news

Putin urges business leaders to build new Russian economy

2023.03.16 08:14


© Reuters. Russian President Vladimir Putin attends a meeting with Syrian President Bashar al-Assad at the Kremlin in Moscow, Russia, March 15, 2023. Sputnik/Vladimir Gerdo/Pool via REUTERS

MOSCOW (Reuters) – President Vladimir Putin on Thursday called on Russia’s billionaires and business elite to invest in new technology, production facilities and enterprises to help Russia overcome what he said were Western attempts to destroy its economy.

Putin said Russia had so far defied those Western attempts, and that Western firms that had decided to stay in Russia rather than flee in a corporate exodus last year had made a smart decision.

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