CCIFR: none of 1.2 thousand French companies withdrew from the Russian market because of sanctions

: AP Photo/Eugene Hoshiko |

Paris, April 25. / Correspondents of TASS Ivan Batyrev, Dmitry Gorokhov/. The introduction of EU sanctions against Russia did not lead to the withdrawal of any operating French companies from the Russian market. In total 1.2 thousand companies from France are represented in Russia at the moment, the correspondent of TASS was informed in the Franco-Russian Chamber of Commerce and Industry (CCIFR) at the conference “Regions of Russia”, held on Monday in Paris.

“None of the French companies left Russia during the sanctions. Nowadays 1.2 thousand French companies are actually represented on the Russian market. Another 6 thousand companies are trading with Russian partners,” - said in CCIFR.

As noted by the Franco-Russian Chamber of Commerce and Industry, the aim of the Paris meeting was to acquaint potential French investors with the possibilities of doing business in different regions of Russia. The management representatives of the Krasnodar Territory, Kaluga, Kirov, Leningrad, Moscow, Nizhny Novgorod, Rostov, Tyumen, and Ulyanovsk Regions took part in the discussions.

The Russian participants listed the niches where the allocation of businesses in Russia is particularly desirable. The primary directions include: chemical industry, biochemical production, wood processing, agriculture, production of agricultural equipment and other fields. The heads of 98 French companies from all sectors of economy were participating in the meeting with delegations from nine regions of Russia. The primary goal of the conference, as CCIFR underlined, was “to give special priority to those companies that are just nurturing plans to do business in Russia”. “The list of companies represented in Russia has been extended on this forum”, - they said in the Franco-Russian Chamber of Commerce and Industry.

“In recent years, Russia has created more favorable conditions for foreign investors, many administrative barriers have been eliminated,” - said Andrey Nikitin, General Director of the Agency for Strategic Initiatives. He assured that “the work on the improvement of the investment climate will be continued”.

On Tuesday, the participants will continue their communications in Lyon - the capital of the French innovations. The next meeting in this format will be held at the St. Petersburg International Economic Forum where the delegation from France is traditionally one of the most representative.

According to the data made public at the today's meeting, following the results of the first nine months of last year, France has confirmed its place among the absolute leaders in investment into the Russian economy.