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4.-7.10. 2022

International Engineering Fair

We are lot leaving the Russian market


The Traditional Business Day of the Russian Federation at MSV in Brno confirmed continued support for bilateral cooperation. The Rotunda of Hall A was a meeting place for Czech entrepreneurs with their Russian partners, representatives of the Russian regions, major companies and trade associations.

"The Russian market remains extremely interesting and important for Czech entrepreneurs and we are certainly not leaving," emphasized the Minister of Industry and Trade Jan Mládek in his speech at the beginning of the meeting. He also informed about the preparation of measures aimed at minimizing the impact of the current crisis and assured the present entrepreneurs of the his ministry’s support for forthcoming contracts. "I believe that even the current complicated international situation will not shake the long-established mutual trust, that Russian entrepreneurs will continue to actively seek cooperation with Czech partners and that they will not disappoint their faith," said Minister Mládek and reminded of the successful effort of the Czech government to mitigate the proposed extension of sanctions negotiations at EU level.

The volume of mutual trade has been continuously increasing until 2012; since last year it has stagnated at around $ 14 billion. "After a decline in exports to the Russian market in the 1990’s it was very difficult to re-build business relationships and mutual trust, and set up functional trade rules. The question is whether we will now begin again or whether we will build on what we have built before," said the Chairman of the Chamber for Commercial Relations with CIS Václav Petříček. He emphasized the need to agree on the size and terms of the intergovernmental commission with the Russian party, because there are a number of unfinished projects on the table and it would be a mistake to pass them on to other countries, as it happened in the 1990’s. He also recommended to actively cooperate with the regions of the Russian Federation, organize exhibitions and business missions, strengthen sales departments at embassies and stabilize institutions such as EGAP, the Czech Export Bank, CzechInvest and CzechTrade.

Representatives of the Russian Federation spoke about the absurdity of the sanctions that can harm both sides. "A sanction policy is always harmful, it is necessary to develop cooperation and refuse to submit to simple solutions," said Russian Ambassador Sergey Kiselev, according to whom it is necessary not to interrupt the contacts and lose trust between partners. He also confirmed the continued efforts of Russia to participate actively in the planned finishing of the Temelín nuclear power plant. He marked the meeting that is regularly held at the International Engineering Fair as very valuable. "Russian companies use MSV as one of the most important trade fairs in the world, where industrial companies from Central and Eastern Europe are concentrated.

Statements by Vladimir Gutyenyov, Vice President of the Engineering Association of the RF, deputy of the State Duma and its First Vice-President for Industry were even more stark. He called the penalties a work of euro bureaucrats who want to disrupt international trade, but their behaviour is linked with high risks and impacts on the citizens. In this context, he stressed the friendly approach of Russia, who is interested in the lifting of sanctions, initiates negotiations with Kiev and tries to end the armed conflict. "The recent performances by Western representatives have shown, however, that our expectations are optimistic. If Europe does not make positive steps, it will find out what impact the sanctions will have on worsened living conditions. Hence I highly appreciate the position of the Czech Prime Minister Bohuslav Sobotka and other representatives of your country, who are trying to settle the situation," said Vladimir Gutyenyov.

During the Business Day of the Russian Federation two cooperation agreements between Czech and Russian businesses in the field of railway transport were ceremonially signed, in introduction of innovative technologies in the field of management. Cooperation with Czech partners was highly appreciated by Aleksander Saltanov, vice president of the Russian Railways, who also reminded of another promising areas where Czech companies could participate. In addition to the construction and modernization of infrastructure for example, there is the supply of locomotives and other equipment or building strategic transport and logistics centres.

Date: 1 Oct 2014 10:50:00

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