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Reuters
Reuters
Business

Putin tells business elite: Don't beg for Western money, invest in Russia

FILE PHOTO: Russia's President Vladimir Putin takes part in an event marking Gazprom's 30th anniversary, via video link at a residence outside Moscow, Russia February 17, 2023. Sputnik/Mikhail Metzel/Pool via REUTERS

President Vladimir Putin took a swipe at Russia's business elite on Tuesday, urging those "begging" for money in the West to invest at home instead and telling them that ordinary Russians had no sympathy for their lost yachts and palaces.

"Trying to run around with your hand outstretched, grovelling, begging for money, is pointless," Putin said in a televised address to Russia's political, military and business elite.

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