Support The Moscow Times!

Russia Must Not Cut Off Foreign Investment – Putin

President Vladimir Putin said Tuesday the country should not cut itself off from foreign investment and technologies.

"We should not, on any account, cut ourselves off from the kind of foreign investment and technology that can drive economic growth," Putin told a conference of business people.

After annexing Ukraine's Crimea region in March 2014, Russia was hit with Western sanctions that limited its access to foreign capital and technologies, especially for the banking, energy and defense sectors. Russia imposed retaliatory sanctions on a range of food imports from those countries that had imposed sanctions.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.