The president Vladimir Putin call them today Russian billionaires to put him patriotism over profittelling them to invest at home to shore up the economy against Western sanctions.
For the first time since February 24, 2022, the day the war in Ukrainethe Russian president personally addressed the billionaires businessmen of his homeland. Among other things, he told them that it was not their role just making money but supporting society.
Among the participants in the meeting were billionaires Oleg Deripaska, Vladimir Potanin, Alexei Mordashov, German Khan, Viktor Vekselberg, Viktor Rashnikov, Andrei Melinchenko and Dmitry Mazepin. Their interests range from metals and banks, until the fertilizers.
“A responsible businessman is a true citizen of it of Russia, of his country, a citizen who understands and acts in his own interests,” Putin said. “He’s not hiding assets overseas, but list businesses herein our country, and does not become dependent on foreign authorities”.
He himself made a special mention of “high mission» of entrepreneurs, who took care of the workers and directed their talents not only towards making a profit, but also for the common good.
Putin said he wanted to hear their opinion on how to build a more dynamic economy which will lead to “a noticeable improvement in the quality of life of people across the country”. Although he received a standing ovation, Putin did not hesitate to send one stern message to the richest people in Russia. Must to think more about the needs of the country and less their own profitthe Russian president emphasized.
The economy is resisting sanctions
According to APE – MEP, the president said today that Western sanctions have failed to destroy Russia’s economy. But he also struck a note of urgency, saying the country cannot afford to relax.
“I understand them very well threats taking place and what do the soothsayers tell us, saying that Russia will have problems in the medium term. Yes, this is a threat we have to keep in mind,” Vladimir Putin said. “I urge you not to wait for these negative consequences to come in the medium term … You must act now.”
Russia’s measures towards big business
In the clearest indication of increasing demands from big businessthe government, faced with a widening fiscal deficit, plans to draw approx. 300 billion rubles (3.6 billion euros) from one tax on excess profits. This, however, will not affect oil, gas and coal companies.
The Minister of Economy Anton Siluanov stated that the tax will be placed around 5% of excess profits, as reported by the TASS news agency. The levy will be legally imposed from 2024, but the finance ministry expects companies to make payments this year as well.
Russia hopes to register GDP growth this year, after retreating 2.1% in 2022. The Minister of Economic Development Maxim Resetnikov stated that the GDP and investment will increase this yearbut refrained from making estimates.
The economy turned out to be surprising durable against sanctions last year, but a return to pre-war levels may be a long way off as more govt expenses heading towards him military.
Vladimir Putin effectively put large parts of the economy into military basewith defense industries working around the clock to produce weapons, ammunition and equipment.
Source: News Beast
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
