Putin says exit of companies will help Russia end dependency on foreign technologies

Vlimir Putin, on Wednesday, said that withdrawal of western companies from Russia will allow country to do away with humiliating dependencies on foreign technologies. Calling it a “blessing in disguise”, he said fact that western companies were leaving Russian markets me m “finally move on.” Dozens of multinationals-including Netflix, Amazon and Starbucks-have halted supplies and ended services in Russia in retaliation to Putin's “unprovoked” war on Ukraine.

"This, of course, is a humiliating condition. In this case, I would want to say, a blessing in disguise. fact that y are leaving makes us finally move on, because relying on foreign technologies all time means sinking into dependence, this humiliating and very dangerous dependence since this dependence is grually expanding and getting from one area into anor, including into very critical areas related to military technologies," Putin told followers at forum ‘Strong Ideas for a New Time' as per TASS.

China, India are countries with potential for Russian products 

Kremlin leer furrmore highlighted his ‘Look East’ policy saying that modern Russian technologies could be presented to countries like China and India. Answering Pavel Frolov, founder of Robbo Robotic engineering company, Putin said "As far as gifts are concerned, I will present such gifts with pleasure to my colleagues; it will be interesting for m," Russian President also said that leers in both countries were enthusiastic about “modern technologies.”

He said, "Both India and China are vast countries with tremendous prospects and potential. Leers of se countries are certainly dealing in full scope with resolution of tasks entire mankind faces; y are merely enthusiastic with issues of modern technologies. Much has been done in China and India". "Russia also has good prospects in this sphere and "we have things for joint work," 69-year-old ded.

Notably, over 1000 companies have pulled back from Russia since it began its military offensive in Ukraine. According to statistics given by Kyiv School of Economics, as many as 1037 companies have left Russia and 438 ors have reduced ir operations in country. Kyiv School of Economics has noted that 590 companies continue to operate in Russia. 

(Image: Kremlin)