Since sending troops into Ukraine on February 24, Russia has been hit by a barrage of Western sanctions designed to isolate it from the global economy that have cut off access to goods including commercial electronics, semiconductors and aircraft components. “Not only restrictions, but the almost complete closure of access to foreign high-tech products is being deliberately, deliberately used against our country,” Putin said, speaking in a teleconference with government officials. Sign up now for FREE unlimited access to Reuters.com Register Russian President Vladimir Putin attends a meeting with parliamentary leaders in Moscow, Russia, July 7, 2022. Sputnik/Aleksey Nikolskyi/Kremlin via REUTERS “Clearly this is a huge challenge for our country, but… we are not going to give up and remain in disarray or, as some of our ‘well-wishers’ predict, go back decades. of course not,” he said. Putin said Russia should develop its own domestic technology and technology companies. Finance Minister Anton Siluanov said support for Russia’s technology sector was a priority, but that every ruble of state support should be matched by at least three rubles of private investment. Sign up now for FREE unlimited access to Reuters.com Register Report from Reuters. Edited by Kevin Liffey Our Standards: The Thomson Reuters Trust Principles.
