In a speech delivered at the ‘Strong Ideas for a New Time’ forum organized by the Agency for Strategic Initiatives (ASI), President Vladimir Putin emphasized that no types of monopoly or domination are eternal and that Russia is prepared to compete with the West. He stated that Russian companies are ready for competition, they just need assistance with promoting their businesses.
Putin clarified that when he mentioned monopoly, he was referring to Western competitors who have secured a monopoly in many sectors of the Russian market. He believes that Russian companies can gradually establish their presence in the global market by starting with the markets of the Commonwealth of Independent States, Shanghai Cooperation Organization, and BRICS nations.
Contrary to the belief that the sanctions imposed on Russia by the West would lead to the collapse of the country, Putin argued that these restrictions have opened up new areas of development for Russian companies. He commended domestic businesses by highlighting that they filed over 43,000 trademark registration applications in the first five months of the year.
The President called for the creation of an economy that produces its own modern goods, services, and technology rather than relying on foreign, imported products. He stressed the importance of supporting domestic producers in promoting their products in order to establish well-known Russian brands both within the country and globally.
Furthermore, Putin criticized companies that left Russia due to Ukraine-related sanctions, accusing them of turning their exit from the Russian market into a PR campaign. He expressed doubt that these PR strategies will bring any benefit to those companies.
The ‘Strong Ideas for a New Time’ forum where Putin delivered his speech is a two-day event held at the World Trade Center in Moscow. The purpose of the forum is to identify and support initiatives and projects that will contribute to strengthening Russia’s sovereignty and achieving national goals by 2030.
In conclusion, President Putin believes that Russian companies are prepared to compete with their Western counterparts and can gradually establish their presence in the global market. He advocates for the creation of an economy that is self-sufficient and produces its own goods and services. Putin also criticizes companies that left Russia due to sanctions, questioning the effectiveness of their PR campaigns. The ‘Strong Ideas for a New Time’ forum serves as a platform to support initiatives that will contribute to Russia’s sovereignty and long-term goals.