Putin Says Russia's Machinery Industry Is Growing in New Markets Despite Sanctions
Russian President Vladimir Putin said the country's machinery industry continued to expand in Asian, Middle Eastern and African markets despite Western sanctions. According to Putin, exports rose and new orders have been secured. The figures have not been verified by independent sources.
Russian President Vladimir Putin said the country's heavy machinery and machine-tool industry is continuing to grow in new markets despite Western sanctions. Speaking at an industry meeting in Moscow, Putin reported that export shipments had risen and new contracts were being signed. The figures have not yet been verified by independent sources.
Russia has been subject to wide-ranging European Union, US and UK sanctions on high-tech goods and machinery since 2022. Officials in Moscow argue that the exit of Western suppliers has been offset by new buyers in China, India, the UAE and parts of Africa. Putin pointed to those markets as the main destinations for the additional output.
Analysts note that the sector still faces structural problems, including limited access to advanced components, critical spare parts and skilled labour. The European Commission is preparing a new monitoring report on the effectiveness of the sanctions regime to be released in the coming months.
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