“The financial infrastructure based on the domination of the dollar and the euro and transactions solely through Western banks and the SWIFT system has also been discredited. Today, it has been successfully replaced by the national currency transaction system,” Putin said, referring to the Russian ‘System for Transfer of Financial Messages’ (Russian acronym SPFS) platform.
“Working in Russia and with Russia has always been profitable, and always will be. This has been confirmed over the centuries by the experience of merchants, entrepreneurs and businesspeople all over the world. Since the beginning of March 2022 through to November of this year the number of foreign companies in Russia…did not decrease,” Putin said. “The number has increased. By March 1, 2022, there were 24,100 foreign companies registered in Russia. By November 1 of this year, there were about 1,500 more companies, or to be more precise 25,600 foreign companies. That is quite indicative. This shows their readiness to work in Russia.”
‘Russia a Very Welcoming Place for Investment’
“To make a good business decision, if it runs against the grain of political populism of any Western country, it’s very difficult. Entire companies can be canceled in the newspeak. So What Putin is saying is very much common sense, it’s what is obvious to businesspeople. And the infrastructure of Russia is really quite ideal,” the pundit told Sputnik.