Date: 2 months ago   Category: Economy

Sanctions won't stop a stream of the European investments into Russia, have declared in EY - RIA Novosti, 9/14/2018


Managing partner of EY on Russia Alexander Ivlev. Archival photo
MOSCOW, 14 Sep — RIA Novosti. The existing sanctions won't stop the European business, and it will find formats for further investment into the Russian economy, the managing partner of EY on the CIS countries Alexander Ivlev in an interview of RIA Novosti within East economic forum has said. "Europe — the largest investor in the Russian economy. Europeans will study these opportunities, it is interesting to them, they will invest in investment projects in the Far East. There are, of course, restrictions connected with sanctions, but, believe me, it won't be the main obstacle in order that the European companies did business in Russia" — he has told. According to Ivlev, sanctions render negative effect on investment activity of the companies. "But formats for further interaction will be worked and used by our European partners. If to speak about the Far East, here put the USA, China, the EU — that is inflow of foreign investments, from the markets which are considered closed for us, proceeds" — he has noted. Europe is in very difficult situation now, the interlocutor of the agency has continued. "Europe – our largest strategic trade partner for Russia today. But in a situation when their colleagues from the USA inflict sanctions, they not really well understand how to get out of this situation and to work with Russia" — he has told. "Really, someone continues to develop the relations with our country, someone cautiously tries to reduce the number of projects. But, nevertheless, if we look at the same European companies, then in the majority, practically all, haven't closed the business in Russia and continue to work in hope that the market "will jump aside" also the relations between Russia and Europe will to some extent be restored" — Ivlev has noted. The fourth East economic forum took place on the platform of a campus of Far Eastern Federal University on Russky Island in Vladivostok on September 11-13. IIA Russia Today acts as the general information partner of East economic forum. Read the full text of an interview>>

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