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Post: Putin said that Ozone and Yandex finance their resources from Western markets.

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Russian President Vladimir Putin. Archive photo

President Putin called for the creation of a mechanism to raise capital in the company.

MOSCOW, July 18 – RIA Novosti. Russian President Vladimir Putin said that many rapidly growing Russian technology companies such as Ozone and Yandex finance their resources from Western markets, and that such mechanisms should be created in the financial system of the Russian Federation, which is experiencing difficulties today. Strategic Development and National Projects Council.

“Many Russian fast-growing technology companies such as Ozone or Yandex financed their development by pulling resources from Western financial markets. Let’s face it, the Russian financial system was not ready to provide funds to companies that did not have assets or were not large. But they also have great development prospects,” he said.

According to him, Ozone alone has suffered losses for almost 20 years in a row, but last year alone, sales of goods on this platform approached 0.5 trillion rubles and may exceed one trillion next year.

“Our such companies, as I said earlier, actively used Western financial institutions, where there are known difficulties today. They are inaccessible to us. Development. And I really trust the detailed offers from both the Ministry of Finance and the Bank. Putin said, “The financial market Russia’s responsibility area,” he said.

Source: Ria

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