“Nobody will baby Russia” – Putin on global business competition

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February 11 , 2018 – FRN – 

RIA – by Inessa Sinchougova

The “technological wave” is changing the landscape of the world economy. Competition on the world arena will only increase, bringing new market leaders to the forefront. Nobody is going to “baby” Russia in terms of this competition, said Russian President Vladimir Putin.

“The new technological wave seriously changes the landscape of the world economy. Fundamentally new markets for goods and services will appear, new leaders will appear, competition will be exacerbated, ” Putin said speaking at the Russian Union of Industrialists and Entrepreneurs.

As the president noted, in such a situation among competitors, including in the global business environment, “nobody will baby us.” 

Putin has on a number of occasions emphasised the importance for Russia to stay ahead of the game in the technological sphere, and obtain a market share of new technologies such as in artificial intelligence.  

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