Putin tells Russian billionaires to put patriotism above profit

Putin tells Russian billionaires to put patriotism above profit

Russian President Vladimir Putin on Thursday urged Russian billionaires to put patriotism above profit, telling them to invest in the country to shore up the economy in the face of Western sanctions.

Addressing Russia’s business elite personally for the first time since he sent troops to Ukraine on Feb. 24 last year, Putin said the role of businessmen is not just to make money, but to support society.

“A responsible businessman is a true citizen of Russia, of his country, a citizen who understands and acts in its interests,” Putin said.

“He does not hide assets abroad, but registers companies here, in our country, and does not depend on foreign authorities.”

He hailed the “high mission” of entrepreneurs who care for their workers and direct their talents not only to profit but also for the public good.

Putin said he wanted to hear businessmen’s views on how to build a more dynamic economy that would lead to “a dramatic improvement in the quality of life for people across the country.”

Though greeted with a standing ovation, he delivered a stern message to Russia’s wealthiest: they must think more about the country’s needs and less about their own profits.

The president said on Thursday that what he called an attempt to destroy the Russian economy with sanctions had failed. But he also issued an urgent note, saying the country cannot afford to stand still.

Source: Terra

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