Russia has become "too obsessed with the word 'sovereignty,'" says VTB head Andrey Kostin

Russia has become "too obsessed with the word 'sovereignty,'" says VTB head Andrey Kostin

It seems to me that today we have become too obsessed with the word "sovereignty" and are trying to build it everywhere. One client even argued to me that sovereignty in the production of chocolate candies is a task now facing the country,

he said at the plenary session of the Bank of Russia's Financial Congress.

Kostin believes that Russia cannot develop equally successfully in every area. Therefore, the businessman proposed that the state direct resources toward developing the highest-priority ones.

Vladimir Putin constantly says that Russia needs to have full "sovereignty" and strengthen it. Kostin is considered a close ally of his.

@meduzalive