Sanctions will not stop the flow of European investments in Russia, said at EY

© RIA Novosti / Alexander Galleryparty in fotoreceptori partner, EY Russia Alexander Ivlev. Archival photoSanctions will not stop the flow of European investments in Russia, said at EY© RIA Novosti / Alexander Galleryparty the image Bank

Current sanctions will not stop the European business and he will find formats for further investments in the Russian economy, said managing partner, EY CIS countries Alexander Ivlev in an interview with RIA Novosti in the framework of the Eastern economic forum.

«Europe is the largest investor in the Russian economy. The Europeans will study these possibilities, it is interesting to them, they will be invested in investment projects in the far East. There are, of course, limitations associated with the sanctions, but believe me, it will not be a major obstacle for European companies doing business in Russia», — he said.

According to Ivlev, the sanctions have a negative effect on the investment activity of companies. «But the formats of further cooperation will be developed and used by our European partners. If to speak about the far East, come invest US, China, EU — that is, the inflow of foreign investment, with markets that are considered closed to us continues,» he said.

«Indeed, someone continues to develop relations with our country, someone cautiously trying to reduce the number of projects. But, nevertheless, if we look at those European companies, the vast majority, almost all, did not close its business in Russia and continue to work in the hope that the market will «rebound» and the relationship between Russia and Europe to some extent,» — said Ivlev.

The fourth international economic forum took place at the site of the campus of the far Eastern Federal University on island Russian in Vladivostok on September 11-13. MIA «Russia today» is the General information partner of international economic forum.

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Sanctions will not stop the flow of European investments in Russia, said at EYIV international economic forum

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