Putin feeling the pain of sanctions

 Newsmax:

Russian President Vladimir Putin admitted Monday that Western sanctions on his country are causing "colossal" high-tech issues in Russia's high-tech industry, the Daily Mail reports.

Putin said that it was impossible to cut Russia off from the rest of the world, and that sanctions imposed by Western countries would not turn the clock back on Russia's development.

Since invading Ukraine on Feb. 24, Russia has been hit with a barrage of Western sanctions, designed to isolate it from the global economy, that have deprived it of access to goods, including commercial electronics, semiconductors, and aircraft parts.

"Not just restrictions but the almost-complete closure of access to foreign high-tech products is being deliberately, intentionally used against our country," Putin said, speaking at a video conference with government figures.

"It is clear that this is a huge challenge for our country, but ... we are not going to give up and stay in a state of disarray or, as some of our 'well-wishers' predict, go back decades. Of course not," he said.

Putin said Russia would have to develop its own domestic technology and technology firms.

"This is a huge challenge for our country," Putin said. "Realizing the colossal amount of difficulties we are facing, we will look for new solutions in an energetic and competent manner.
...

It would make more sense for Russia to stop its uncalled-for aggression against Ukraine.  Putin had no reasonable causus belli in Ukraine.  Ukraine was no threat to Russia.

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