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Russian companies to tap new markets

Credit: kremlin.ru

At a regular meeting with over 60 representatives of the Russian business community, Vladimir Putin outlined some targets for the national businesses, Presidential web page reported.

Those include a 5% labor productivity growth, cost effectiveness, and environmental wellbeing of the citizens. According to the President, “It is crucial to upgrade production facilities by introducing state-of-the-art technology with higher efficiency. Another objective is to train professionals and help them improve their skills on a continuous basis.”

“Other priorities within national programs include introducing digital technology, developing communications systems and transport infrastructure,” he added, noting, “Russian companies face certain external restrictions. We must respond to these steps by enhancing the competitiveness of the Russian economy on a global scale. We need to substantially accelerate industrial growth, promote research and development, as well as facilitate localization and help Russian companies tap new markets within the country and beyond its borders.”

“Russia is open to trade, technology and investment ties and cooperation with our partners, especially as part of Eurasian integration, and remains committed to supporting Russian exporters, primarily in high-tech and agriculture,” he said.

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