Putin wants to overcome the “colossal difficulties” caused by the sanctions

Referring to a “huge challenge”, the Russian president called for the wise use of existing Russian sovereign technologies and the development of “new innovative national companies”.

Russian President Vladimir Putin called on Monday to overcome the serious difficulties posed by the sanctions depriving Russia of Western high technologies on which it is very dependent.

“Aware of the colossal difficulties facing us, we will intensively and intelligently seek new solutions,” he said during a meeting broadcast on public television, noting that his country was facing a blockage. “almost total” access to Western technologies. “Today, it is not only limitations, but an almost total blockage that is implemented against our country regarding access to foreign high-tech products,” he said.

“We are not going to give up”

Russia is targeted by extensive Western sanctions and many foreign companies have withdrawn from the country in reaction to the military assault launched against Ukraine. Referring to a “tremendous challenge”, he called for making good use of existing Russian sovereign technologies and developing “new innovative national companies”. “We are not going to give up,” he insisted.

Since the offensive in Ukraine, the tech giants (Microsoft, Apple, Google, Adobe, Cisco) have left Russia or suspended at least part of their operations in the country, leaving Russian consumers, businesses, administrations and users without alternatives. Western suppliers have also stopped providing technical support to their Russian customers.

The same goes for goods, such as Apple telephones and computers, Cisco telecommunications systems, mobile application markets and even operating systems such as Windows. For the time being, Russia has authorized so-called “parallel” imports of goods of this type, that is to say without the agreement of whoever holds the intellectual property.

Exodus

On Monday, Vladimir Putin also indicated that Russian tech giants, such as Yandex or Ozon, were also facing significant challenges because they were financing themselves on Western markets or thanks to foreign financial institutions. “It is essential to rapidly develop such mechanisms in the Russian financial system, so that fast-growing Russian companies can attract domestic private capital for their development,” Vladimir Putin said.

The Kremlin has repeatedly asserted that Russia is resisting the sanctions imposed by the West, but the effects of these are likely to have their most significant effects felt in the months or years to come, cutting the country off from new technologies and global logistics and financial chains. Moscow promises to offset these medium-term effects by developing Russian alternatives.

At the same time, the crackdown targeting critics of the Russian offensive against Ukraine and the severing of air and financial ties with the West has led to an estimated exodus of at least tens of thousands of Russians working in the new technologies sector. , increasing an already existing deficit. According to Vladimir Putin, citing government figures, Russia will miss one million executives in this sector in 2024.

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