Putin predicts that foreign companies will return to Russia, urging domestic manufacturers to take the opportunity to occupy the market

According to Tas News Agency on the 21st, Russian President Putin predicts that foreign companies will eventually return to the Russian market. He also urged that before that day, Russia needed to take the opportunity to prepare to ensure that the market was occupied by Russian manufacturers.

On Wednesday, when talking about creating a digital platform at a meeting with the person in charge of Russia's top engineering college and their partners, Putin said: "It is necessary to put domestic development in the center of all. At this point. "

The president of Russia explained: "This is because when the former foreign partners decided to return (Russia's market), and one day it would happen, and we need to ensure that the market is occupied by our manufacturers."

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"This is what we should fight. Now we must use the time difference between the market." He pointed out, "This demand (foreign) partners created by themselves."

Putin also said: "Those people who are not good at us don't even understand what they do: they force us who are lazy, lying on the crown of mineral resources, and start developing our own intellectual property products."

A previous study by Yale University in the United States showed that as of May 24, hundreds of foreign companies have said that they have withdrawn from the Russian market, involving IT, retail, catering, finance, film distribution and other fields. Some companies are determined to withdraw completely, while others have announced the reduction of most or all business, but retain the opportunity to return to the Russian market.

After a large number of foreign companies announced their withdrawal from the Russian market, the Russian Public Opinion Research Center conducted a survey. More than half of Russian respondents believed that foreign companies withdraw from Russia will affect their lives to some extent. But from another perspective, for foreign companies, once the market share is occupied, it will be difficult to recapture.

(Edit: ZLQ)

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