Putin admits ‘colossal difficulties’ from sanctions | war in Ukraine

Aware of the enormous difficulties we face, we will search intensively and intelligently for new solutions.he said during a publicly televised session, noting that his country was facing a deadlock almost totally Access to western technologies.

Not only restrictions, but an almost complete blocking of access to foreign high-tech products are imposed on our country today.he said.

Russia is the target of extensive Western sanctions and many foreign companies have pulled out of the country in response to the military attack on Ukraine.

evoking a big challengehe called for the wise use of existing Russian sovereign technologies and their development new innovative national companies. We won’t give uphe pounded.

Since the offensive in Ukraine, the digital giants (Microsoft, Apple, Google, Adobe, Cisco) have left Russia or at least partially suspended their activities in the country, leaving Russian consumers, businesses, administrations and users with no other options.

Western suppliers have also stopped providing technical support to their Russian customers.

The same is true for goods like Apple phones and computers, Cisco telecom systems, mobile application markets and operating systems like Windows.

Russian solutions

For the time being, Russia has approved so-called imports parallels Goods of this type, that is, without the consent of the intellectual property owner.

On Monday, Vladimir Putin also pointed out that Russian tech giants like Yandex or Ozon also face significant challenges because they finance themselves on Western markets or thanks to foreign financial institutions.

It is important to quickly develop such mechanisms in the Russian financial system so that fast-growing Russian companies can attract domestic private capital for their development.‘ said Putin.

The Kremlin has repeatedly claimed that Russia is defying sanctions decided by the West, but the impact of these sanctions is likely to have its greatest impact in the coming months or years, disrupting the country with new technologies and global logistics and financial chains.

Moscow promises to compensate for these effects in the medium term by developing Russian alternatives. At the same time, the crackdown on critics of Russia’s offensive against Ukraine and the disruption of air and financial links with the West have led to an estimated brain drain of at least tens of thousands of Russians working in the new technologies, filling an already existing deficit.

According to Putin, citing government figures, Russia will be short of a million managers in this sector by 2024.

Jillian Snider

Extreme problem solver. Professional web practitioner. Devoted pop culture enthusiast. Evil tv fan.

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