RT International Overreliance on foreign-made technologies and oil and gas revenues could pose a risk to the country, the president has said
Russia would inevitably lose its sovereignty if it relies solely on oil and gas revenues and abandons domestic production in favor of imports, President Vladimir Putin has said.
In an interview with journalist Pavel Zarubin released on Sunday, Putin defended Russia’s decades-long effort to localize automobile manufacturing, saying it was essential for protecting the country’s economic and political autonomy.
He recalled that in the 1990s many of his government colleagues wanted to abandon efforts to develop the car industry and instead rely on foreign-made vehicles, a view that he opposed.
“We must talk about technological independence… If we buy everything with the oil and gas [revenues] – and now they [the West] are trying to cut us off from oil and gas – then Russia will simply lose its competitiveness, and with it, its sovereignty,” he said.
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