Putin Told Russian Businesses in Ukraine to Wait a Little Longer

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March 24, 2016


Translated by Kristina Kharlova

Putin advised Russian business not to withdraw from Ukraine

Russian President Vladimr Putin discussed matters of conducting business in Ukraine at a closed meeting with Russian industrialists and entrepreneurs, told BFM the President of the Russian union of industrialists and entrepreneurs Alexander Shokhin.

“Businesses, of course, wanted to know what awaits them in Ukrainian jurisdiction. Because many feel uncomfortable – those who have financial-banking, manufacturing assets and so on. The president said that, of course, he can’t give recommendations – to stay or go – but he thinks it’s good to wait a little longer. At least there is a chance,” – said Shokhin.

Earlier today it was reported that in 2015 all Ukrainian regions continued to trade with Russia, particularly 22 regions actively worked with the country.

Ukrainian companies most made, sold and resold food and drinks. While Russian partners actively purchased goods, despite the embargo and trade bans.

At the same time, according to the National Bank of Ukraine, exports of goods from Ukraine to Russia in January 2016 declined 48 percent to $121 million, while imports from Russia fell by 60.6 percent, or more than 2.5 times – to $246 million dollars.

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