The exodus of US and EU owners offers domestic firms great investment opportunities, according to Vladimir Potanin The exit of Western companies from Russia due to Ukraine-related sanctions has opened many new opportunities for domestic firms to invest and expand their portfolios, businessman Vladimir Potanin said on Thursday during the VTB Bank ‘Russia Calling!’ forum.

There is no threat to the country’s energy security thanks to vast domestic supplies, deputy head Sergey Mochalnikov has said Russia has enough coal reserves to last for centuries, deputy head of the country’s Energy Ministry, Sergey Mochalnikov, said on Friday during a board meeting of the Federal Subsoil Resources Management Agency.

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