Sanctions, exit of foreign companies did not collapse Russian market: Putin ...Middle East

MOSCOW: The Russian market did not collapse after the exit of foreign companies and imposition of Western sanctions, President Vladimir Putin said on Thursday, adding that the restrictions led to the opposite effect.“As I have already said, and have said more than once, because of sanctions, because of the exit of Western companies, the world did not collapse, on the contrary. Moreover, the opportunities for Russian entrepreneurs have expanded manifold,“ Sputnik news reported Putin said during an address to an economic forum.Russia needs a targeted policy to promote domestic brands, Putin added.Earlier this month, the Council of the European Union announced that it had adopted the 11th packa

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