Most Western firms stayed in Russia – Putin
RT | December 4, 2024
Russia has never pressured foreign companies to leave the country amid Western sanctions and the vast majority have stayed, President Vladimir Putin stated on Wednesday at the Russia Calling! forum in Moscow.
Putin noted that despite political pressure from their governments, many companies from the US and Western Europe continue to operate in Russia.
“We never pressured anyone to leave our market,” Putin said. “Half of those firms continue to operate in the country as they did before [sanctions]. Some have transferred operations to local management under their control, and only about a quarter [of such firms] have left or are in the process of leaving the country’s economy,” he added.
According to the president, breaking with Russia has played a major role in the economic problems that the EU countries are currently facing. In particular, this is due to the loss of stable Russian energy supplies at reasonable prices, as well as the opportunity to sell their products and supply components to the Russian market, and to use logistics routes, he explained.
The EU also lost the opportunity to use its currency for settlements, which significantly cuts into profits in the bloc’s economy, Putin added.
Western plot to damage Russian economy has failed – PutinREAD MORE: Western plot to damage Russian economy has failed – Putin
“In particular, large companies [in the EU] are closing… others are suffering losses. Glass, chemical, fertilizer production, and agriculture are suffering serious losses because… they have lost the Russian market,” he pointed out.
Putin emphasized that Germany’s economy in particular has suffered the biggest blow due to sanctions imposed on Russia. “Entire enterprises are closing” due to the loss of Russian energy and raw materials, affecting the country’s most important sector of the economy – the automobile industry, according to the Russian president.
Putin said many Western countries have shown themselves as “unreliable partners,” pointing out that many businesses and entire industries in Russia faced serious challenges due to sanctions and the exit of foreign firms.
Despite this, “our doors are always open,” the president told attendees at the forum.

I really don’t understand why Russia should let the USA profit from the Russian economy when they are $1trn in hock themselves due to international terrorism by the USA.
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Putin knows the international game. He must keep Chabad Lubavitch and the organized Jewish community in Russia – and the world – happy.
Large companies aren’t tied to nation-states anymore. It doesn’t work that way. THEY don’t want it to work that way. Ever again. The nation-state phase is gone. And it’s going to get much worse:
Howard Lutnick and the Commandeering of the Department of Commerce
Trump’s pick for Commerce Secretary, Howard Lutnick, is poised to further facilitate the now long-standing, commandeered use of the Department of Commerce to engineer the rise of a global financial control system in private hands that runs on dollar-denominated debt.
On November 19, President-Elect Donald Trump announced that Howard Lutnick, CEO of Cantor Fitzgerald and co-chair of his transition team, would be his nominee for Commerce Secretary. Lutnick’s company Cantor Fitzgerald and its subsidiaries are multinational in scope, promote the implementation of the United Nations’ Sustainable Development Goals (which have major implications for debt politics and economic activity), and are even directly partnered with foreign state-owned firms that recently came under scrutiny following the release of the contents of the laptop of the current (and recently pardoned) First Son, Hunter Biden.
Lutnick had previously been angling for a job as incoming Treasury Secretary, an unsurprising ambition given Cantor Fitzgerald’s outsized role in the U.S. Treasury market (i.e. the U.S. government debt market) and its relationship to dollar stablecoins, which are rapidly becoming one of the main purchasers of U.S. debt. It is unknown currently why Lutnick was passed over for Treasury, despite endorsement for the position from Elon Musk and RFK Jr., and appointed to Commerce instead.
However, Trump’s previous Commerce Secretary, Wilbur Ross, was widely believed to have been given the role to repay a past favor of major significance. In Ross’s case, it was his assistance in rescuing Trump from bankruptcy in the early 1990s. At the time, Ross worked for Rothschild Inc., and when clarifying why the European banking dynasty had bailed out the future President, Ross stated “the Trump name is still very much an asset.” Shortly before, Rothschild Inc. had been bankrolling the entry of Robert Maxwell, intelligence asset for Israel and arguably the Soviet Union, into the American economy, with a specific focus on New York City.
During and following the campaign, Lutnick has been a major supporter of Trump’s prospective plan to implement an extensive tariff regime in lieu of income tax. If confirmed, Lutnick will also oversee the approval of the export of sensitive technology of national security interest abroad, negotiate free trade agreements, and oversee the patents office, among other roles.
While mainstream reports on his appointment have noted his “hawkish” trade stance with China and his connections to the cryptocurrency agency, much has been left out about Lutnick, his current business entanglements and historical connections to intelligence networks that have sought to undermine the Commerce Department specifically to facilitate the transfer of sensitive U.S. military technology to ostensible adversary states, like China.
In exploring these issues, it is useful to look at one company now closely tied to Lutnick – Satellogic. Lutnick sits on Satellogic’s board, as does former Treasury Secretary from the previous Trump administration Steve Mnuchin and former head of the Joint Chiefs of Staff under Trump, General Joe Dunford. Mnuchin and Dunford invested heavily in Satellogic through the private equity they now work for, Liberty Strategic Capital.
Mnuchin has led that firm since its founding.
Liberty Strategic Capital’s first investment was in a controversial Israeli intelligence-linked cybersecurity firm called Cybereason. Cybereason’s co-founder and CEO Lior Div has described Cybereason as a continuation of his work in Israeli intelligence outfit Unit 8200, where Div worked on offensive cyber attacks targeting foreign nations. The firm became controversial in the lead-up to the 2020 election for simulating, along with U.S. security agencies like DHS, the necessary threshold of cyberattacks that would induce the cancellation of a U.S. presidential election and the imposition of martial law. Lutnick himself has significant ties to Israel and is a well-known billionaire mega-donor to Israeli and Zionist causes (discussed in detail later in this article).
https://unlimitedhangout.com/2024/12/investigative-reports/howard-lutnick-and-the-commandeering-of-the-department-of-commerce/
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Russia and China remain ‘permanent’ members of the UN with veto power. The other members with veto power are all allegedly hell-bent on their destruction. Yet Russia and China remain a part of this collective!
Why?
Meanwhile, Israel doesn’t pay any attention to the UN and announces all the time that it should go away, yet its operatives in other countries around the world – most notably the US – support the UN and use it for their ends.
Donald Trump supports the UN and obviously Howard Lutnick does as well.
It’s like a script they work from. Kabuki theatre.
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