Vladimir Putin called on entrepreneurs to take advantage of a “window of opportunity”

29th May 2015

“Change of ruble exchange rate increases the price competitiveness of domestic production, opens a window of opportunity for taking control over new niches both at the national and international level”.

 “The state of the economy is influenced by both internal and external factors; - said Russian President Vladimir Putin – the current situation is complicated. At the same time, change of ruble exchange rate increases the price competitiveness of domestic production, opens a window of for taking control over new niches both at the national and international level.”

However, “such opportunities may be limited in time and they need to be wisely and quickly used in order to build non-oil exports and for intensive development of our own market”, - said Vladimir Putin. “Our partners in some countries will cancel sanctions, and what shall we do? We will have to react to it; otherwise we get into a difficult situation within the WTO. We should act vigorously before this happens.”

It is crucially important for business structures to create units that will identify, find, negotiate and bring technology into the country. Vladimir Putin encouraged the acquisition of intellectual property rights and licenses, as well as the establishment of centers for innovative technology development.

At the same time, the President did not approve the idea of exclusion of foreign companies from public procurement “Here we should be careful,” – he warned. “Maybe we could do it, but do we really need to deprive the domestic market from competition completely? No, probably not.”

The “raison d'etre” of business is self-realization, so Vladimir Putin supports the initiative to declare one of the next few years – a year entrepreneurship.

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