News Summary

• Russia favors pragmatic, "win-win" cooperation involving joint production, capital-intensive industries and scientific research.
• Kobyakov said businesses from Germany, France, Italy, the UK, Switzerland, Spain, Greece and the Netherlands continue maintaining contacts with Russia.
• Numerous US, European, and Asian companies pulled out of Russia due to supply problems caused by the sanctions imposed on Moscow by the West after the escalation of the Ukraine conflict in 2022.
• Russian officials have argued that Western sanctions ultimately strengthened domestic industry by spurring import substitution and domestic production.