Russia admits surprise at speed of adaptation to Western business exits ...News

Local entrepreneurs were able to quickly replace foreign firms, Finance Minister Anton Siluanov has said Russian businesses were surprisingly quick to replace Western firms that left the country amid sanctions over the past year, Russian Finance Minister Anton Siluanov said while speaking at the St. Petersburg International Economic Forum (SPIEF 2023) on Thursday. According to the senior official, the country has already fully adapted to the new economic reality. “We have built muscle, ensured technological sovereignty, created independent systems that allowed us to develop further … We have had a good year, we ha

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