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

TL;DR

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. No ordinary citizens felt sympathy for those who lost money in foreign banks or were forced to give up their yachts and palaces abroad, Putin said, remembering Russia's 1990s privatisation drive that saw state businesses sold for next to nothing and the "ostentatious luxury of the so-called new elites". Beijing and Moscow struck a "no limits" partnership last year

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