The President of Russia, Vladimir Putin, stated that Western companies that have left the country will not be permitted to return for insignificant amounts of money or in areas where local companies have successfully coped...
"We will not let foreign companies back into the Russian market. If foreign companies do in Russia what Russians do, there will be locals here. If that does not happen, we will create opportunities for Russian companies to compensate for this absence and maintain our competitive advantage in these industries," he added.
Putin also stated: "This should not be described as a protection of oil or gas markets. These are legitimate actions taken by Russia to develop domestic industries."
