GENERICO.ruEconomicsThe problems of long-term investment in business were raised at the “Made in Russia” forum

The problems of long-term investment in business were raised at the “Made in Russia” forum

MOSCOW, October 20 A dialogue between business, financial and government agencies took place within the framework of the “Made in Russia” forum: we talked about new challenges , faced by companies already operating in the market, reports the Russian Export Center (VEB.RF Group).
“The moderators of the session “Financial Market for the Real Sector” were General Director of the Russian Export Center Veronika Nikishina and Deputy Chairman of the Board of Sberbank Anatoly Popov. They raised pressing issues of changed Russian trade and problems of financing infrastructure and strategic projects in the new realities,” the message says.

“Systemic-important foreign economic projects can only be implemented with a well-structured set of financial measures. It is cooperation and close interaction between banks and the real sector, our exporters and importers that will allow us to achieve our goals of increasing the country’s foreign economic potential,” Nikishina said, starting the session.

General Director of Transmashholding JSC Kirill Lipa spoke about the need for direct Russian investment abroad in order to provide a springboard for foreign economic activity.
First Deputy Chairman of VEB.RF Nikolai Tsekhomskoy identified three areas where banks should be more active to support foreign economic activity: investments in logistics infrastructure; cooperation with international players and construction of projects abroad; implementation of cross-border settlements, including through multilateral clearing.
Chairman of PJSC Promsvyazbank Pyotr Fradkov emphasized that the topic of supporting exports is not just important, it is eternal, regardless of geopolitics. With all the tasks of the state, of which there are many, in any economy in the world (market, non-market), financial support for exports is the role of the state.

Also during the session, First Deputy Minister of Industry and Trade of the Russian Federation Vasily Osmakov spoke. According to him, previously the state could inertly support exports, but now the level of risk has become higher.

New, more sophisticated tools are required. As Vasily Osmakov reported, Russian exporters are currently entering those markets that do not fit into the risk policies of any banks. In this regard, it is necessary to offer them special packaged solutions.
According to Anatoly Popov, Deputy Chairman of the Board of Sberbank, cross-border settlements using DFAs and cryptocurrencies would open a window of opportunity for small and medium-sized businesses, but so far the relevant laws have not been adopted.
Chief Managing Director of Alfa-Bank Vladimir Verkhoshinsky said that today we can talk about the process of yuanization in Russia. These trends are also reflected in the world. Thus, the second currency used in the SWIFT system is now not the euro, but the yuan. According to him, small and medium-sized businesses, unlike large ones, today cannot enter the markets in China, and therefore they need help.

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