The big push for development since 2012 has been for the MIC to develop as much dual use technology. So some of the conversion to come is built in. But these warnings from Putin are serious. The economy of Russia is not mature. It has some built up lethargy against innovation because it has no real history in USSR or RF times of entrepreneurial or private entities developing products and making product breakthroughs.
How these huge component sectors of the MIC move ahead with civilian products is a challenge. But Russian minds and efforts have built products in many civilian markets outside Russia. Emigres in Israel and South Korea and several other nations have made huge impacts on product development. Now, the brains that stay at home have to do the same for Russian brands. The incentives are there for the effort.
And new products or innovations and upgrades for existing military systems is also where success can be achieved.
The ERA technology park and the other big Technology Parks in Russia like Skolkovo are where investors from overseas and innovators and inventors are being matched up. The challenge is for the men and women of Russia who have the mind and spirit to create new, useful products and solutions to work hard and long and literally build the future for Russian industry.
Russia has always had a science and technology spirit to excel. Now they must compete for scarce funding in a global market that is ruthless and impacted by sanctions. But many nations are investing and many corporations and venture capitalists are ever-present when quality and leading-edge technology is produced.
“We are not setting the target of moving away from the dollar – the dollar is moving away from us, and those who take respective (sanctions) decisions are shooting themselves not just in the foot, but slightly higher, as such instability in calculations in dollars creates a desire of many global economies to find alternative reserve currencies and create settlement systems independent of the dollar,” Putin said.
“I think, there is an understanding that despite any crises and even artificially-created difficulties, the Russian economy is adapting to these difficulties, feeling confident, creating conditions for its own internal development,” said the Russian president.
“Our GDP growth is 1.5 percent, which does not seem like a lot, but investments in the fixed capital are higher than the GDP growth at 4.1 percent. This means that investors are certain about the future, they understand the policies implemented by the financial authorities in Russia, that it is stable, reliable and predictable.”
The president stressed that sanctions against Russia are hurting Europe and have caused the loss of 400,000 jobs there. He added that Russia is working with key trade partners on setting up payment systems independent from the SWIFT network.
President Putin also pointed out that the ongoing trade war between the United States and China is creating broad opportunities for Russia.
“According to WTO estimates, the mutual restrictions recently imposed by G20 countries reduced global trade by almost $500 billion. Is anyone interested in this, including such a large economy as the US? For us, this creates certain opportunities,” said Putin, explaining that Russia will supply soybeans to China instead of America.
“The United States supplied in huge quantities, now we will deliver. We agreed with our Chinese friends that we’ll supply poultry meat and some other additional goods. But in fact the Americans themselves voluntarily abandoned this market, a very huge one…” said the Russian president.”
In other words: america’s (actually the zpc/nwo) schoolgirl pout is our gain.
The big push for development since 2012 has been for the MIC to develop as much dual use technology. So some of the conversion to come is built in. But these warnings from Putin are serious. The economy of Russia is not mature. It has some built up lethargy against innovation because it has no real history in USSR or RF times of entrepreneurial or private entities developing products and making product breakthroughs.
How these huge component sectors of the MIC move ahead with civilian products is a challenge. But Russian minds and efforts have built products in many civilian markets outside Russia. Emigres in Israel and South Korea and several other nations have made huge impacts on product development. Now, the brains that stay at home have to do the same for Russian brands. The incentives are there for the effort.
And new products or innovations and upgrades for existing military systems is also where success can be achieved.
The ERA technology park and the other big Technology Parks in Russia like Skolkovo are where investors from overseas and innovators and inventors are being matched up. The challenge is for the men and women of Russia who have the mind and spirit to create new, useful products and solutions to work hard and long and literally build the future for Russian industry.
Russia has always had a science and technology spirit to excel. Now they must compete for scarce funding in a global market that is ruthless and impacted by sanctions. But many nations are investing and many corporations and venture capitalists are ever-present when quality and leading-edge technology is produced.
Russian 5th++ Gen Stealth Fighters Sukhoi Su-57 ✭ First Missions In Western Asia !!!
https://www.youtube.com/watch?v=Arj8O91rYTE
Synchronized landing shots of the Su 57 pair, taken from the air
https://www.youtube.com/watch?v=KJBcNtUz958&t=30s
More from Putin recently. This time on international and domestic economic matters.
By undermining Russia’s use of dollar US ‘shooting itself not in the foot but a bit higher’ – Putin
https://www.rt.com/business/445047-putin-pulling-dollars-russia/
“We are not setting the target of moving away from the dollar – the dollar is moving away from us, and those who take respective (sanctions) decisions are shooting themselves not just in the foot, but slightly higher, as such instability in calculations in dollars creates a desire of many global economies to find alternative reserve currencies and create settlement systems independent of the dollar,” Putin said.
“I think, there is an understanding that despite any crises and even artificially-created difficulties, the Russian economy is adapting to these difficulties, feeling confident, creating conditions for its own internal development,” said the Russian president.
“Our GDP growth is 1.5 percent, which does not seem like a lot, but investments in the fixed capital are higher than the GDP growth at 4.1 percent. This means that investors are certain about the future, they understand the policies implemented by the financial authorities in Russia, that it is stable, reliable and predictable.”
The president stressed that sanctions against Russia are hurting Europe and have caused the loss of 400,000 jobs there. He added that Russia is working with key trade partners on setting up payment systems independent from the SWIFT network.
President Putin also pointed out that the ongoing trade war between the United States and China is creating broad opportunities for Russia.
“According to WTO estimates, the mutual restrictions recently imposed by G20 countries reduced global trade by almost $500 billion. Is anyone interested in this, including such a large economy as the US? For us, this creates certain opportunities,” said Putin, explaining that Russia will supply soybeans to China instead of America.
“The United States supplied in huge quantities, now we will deliver. We agreed with our Chinese friends that we’ll supply poultry meat and some other additional goods. But in fact the Americans themselves voluntarily abandoned this market, a very huge one…” said the Russian president.”
In other words: america’s (actually the zpc/nwo) schoolgirl pout is our gain.
Russians have the advantage over us in the West – Their politicians aren’t ripping them off and putting them totally at risk…what a difference