After President Putin personally made his stance clear, we are also under pressure! Following the U.S. imposing taxes on our small goods, and the EU and Japan expressing intentions to follow America's policies, Russia has also spoken out! On May 27th, according to reports from Russia's Sputnik News Agency, Russian President Putin stated that plugging the loopholes in procurement systems that allow bypassing of Russian producers is crucial for the development of the national industry.
President Putin believes that through these e-commerce platforms, anything can be imported in unlimited quantities. We have discussed this issue before, long ago, but this is indeed a loophole that requires close attention. What message does President Putin's statement convey? His meaning is that Russia's policy is aimed at strengthening the capabilities of Russia's national industries. Foreign products entering Russia via e-commerce channels will be restricted.
Although President Putin did not mention increasing taxes, but instead used the phrase "plugging loopholes," this implies that Russia is very likely to introduce stricter measures to protect its domestic industries. Clearly, if Russia's policies come into effect, domestically produced goods entering Russia via e-commerce channels will also be affected. The choice left for our enterprises is that we either increase foreign investments to achieve localized production, or we must exit the local market due to these restrictive policies.
Source: https://www.toutiao.com/article/1833234157615113/
Disclaimer: This article solely represents the views of the author.