President Vladimir Putin took a swipe at Russia's business elite on Tuesday, urging those 'begging' for money in the West to invest at home instead and telling them that ordinary Russians had no sympathy for their lost yachts and palaces | News24_Business
President Vladimir Putin took a swipe at Russia's business elite on Tuesday, urging those"begging" for money in the West to invest at home instead and telling them that ordinary Russians had no sympathy for their lost yachts and palaces.
"Launch new projects, make money, invest in Russia," he said."This is how you will multiply your capital and earn people's recognition and gratitude for generations to come." "Recent events have convincingly shown that the image of the West as a safe haven, a refuge for capital, is a phantom, a fake," Putin said.
Putin welcomed what he said was a long-overdue structural transformation of the Russian economy as a result of the conflict in Ukraine and said it was dangerous for Russian firms to be dependent on the West.A deep dive into the big business story of the week, as well as expert analysis of markets and trends.Russia's federal statistics service Rosstat on Tuesday estimated the country's 2022 GDP fall at 2.1%, while the central bank put it at 2.5%.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia: Putin delivers a nuclear warning to the West over UkraineMOSCOW, Feb 21 (Reuters) - President Vladimir Putin on Tuesday delivered a nuclear warning to the West over Ukraine, suspending a bilateral nuclear arms control treaty, announcing new strategic systems had been put on combat duty and warning that Moscow could resume nuclear tests.
Read more »
Business Maverick: Russian Economy Shrank 2.1% Last Year, Less Than Once ExpectedRussia’s economy contracted 2.1% last year, defying the worst fears of a major recession as surging commodity exports helped offset the impact of US and European sanctions imposed over President Vladimir Putin’s invasion of Ukraine.
Read more »
Business Maverick: Putin Halts Nuke Pact With US, Vows to Push War in UkrainePresident Vladimir Putin said Russia will suspend its observation of the New START treaty with the US, dealing a blow to the last accord limiting their nuclear arsenals, as he vowed to press on with his faltering invasion of Ukraine.
Read more »
Biden makes unannounced visit to Ukraine - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.US President Joe Biden has touched down in Kyiv to meet with Ukrainian President Volodmyr Zelenskyy as the world prepares to mark one year anniversary of Russia’s invasion of Ukraine.
Read more »
Kamala Harris says Russia has committed crimes against humanity in UkraineUS vice-president points to massacre of civilians in Mariupol and mass deportations of Ukrainian children, among other ‘gruesome acts’
Read more »
PUBLIC BROADCASTER OP-ED: Mr President, please follow your mandate and finally appoint the SABC boardEach day that the President fails to appoint the SABC board, he fails in his public mandate to respect and protect the Constitution.
Read more »