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Putin’s remarks came one day after he held his first phone call with Joe Biden during his tenure as US President. It is the first time that the Russian leader has spoken to the World Economic Forum since 2009.

Russian President Vladimir Putin on Wednesday warned against the increasing influence of big tech companies, which he said are “competing” with states.

“These are not just economic giants, in some areas they are already de facto competing with states,” Putin said, speaking at the Davos virtual economic summit.

The Russian leader questioned whether the recent behavior of some US firms in the country’s presidential election raised the prospect of tougher regulation.

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