Putin says the West can’t send Russia back in time

On Monday (July 18), Russian President Vladimir Putin stated that it was impossible to block off Russia from the rest of the world, and that sanctions imposed by Western countries would not turn the clock back on Russia’s progress. Putin made these statements.

Since Russia sent troops into Ukraine on February 24, it has been hit with a barrage of Western sanctions, designed to isolate it from the global economy. These sanctions have denied Russia access to goods such as commercial electronics, semiconductors, and aircraft parts. The goal of these sanctions is to cut Russia off from the global economy.

Putin, addressing a video conference with government figures, warned that not just limits but the nearly complete block of access to foreign high-tech items is being actively, knowingly utilized against our country.

“It is very evident that this is a significant obstacle for our nation; nonetheless, we are not going to throw in the towel, remain in a state of disarray, or, as some of our “well-wishers” have predicted, regress by several decades. Of course not,” he answered.

Putin stated that in order for Russia to create its own domestic technology and technological enterprises, it will need to establish its own domestic technology.

Anton Siluanov, the Russian government’s Minister of Finance, stated that providing assistance to the country’s technological industry was a top priority, but that any trouble of state assistance should be supported by at least three roubles worth of private investment.