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Putin: Russia Should Not Cut Itself Off From Foreign Investment


FILE - Russian President Vladimir Putin.
FILE - Russian President Vladimir Putin.

Russian President Vladimir Putin said on Tuesday the country should not cut itself of from foreign investment and technologies.

"We should not, on any account, cut ourselves off" from the kind of foreign investment and technology that can drive economic growth, Putin told a conference of business people.

After annexing Ukraine's Crimea region in March 2014, Russia was hit with Western sanctions that limited its access to foreign capital and technologies, especially for the banking, energy and defense sectors. Russia imposed retaliatory sanctions.

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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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